Press Releases
IAG Private Equity Limited Selects SunGard’s Investran for Private Equity Administration
January 27, 2009 — London
IAG Private Equity Limited (IAG), a subsidiary of International Administration (Guernsey) Limited and a specialist fund administrator for private equity, real estate, alternative assets and corporate structures, has selected SunGard’s Investran for private equity accounting. Investran’s customizable accounting solution will be used as IAG’s private equity core administration system helping IAG to simplify, automate and improve the accounting and reporting processes of its customers.
According to GuernseyFinance the value of private equity funds under management and administration has risen by more than 400 percent since 2004. Seeking to capitalize on this industry growth, IAG chose SunGard’s Investran to help it offer a bespoke service to its expanding private equity customer base.
Chris Cochrane, managing director of IAG Private Equity Limited, said: “Timely, automated production of accurate and reliable information is critical to providing high quality private equity fund administration services. As a dedicated private equity solution, Investran will help us to both deliver this information and to service a sophisticated range of funds in the private equity arena.”
David Earles, systems and project director at IAG Private Equity Limited, added: “We have chosen Investran because we believe it is a leading private equity administration system which will help us to enhance our private equity client service capabilities.”
Emanuel Mond, president of SunGard’s alternative investments business, commented: “Guernsey firms have responded to the growth in alternatives by developing their capabilities to facilitate the more complex administration of funds. In this respect, IAG joins an increasing number of fund administrators that are turning to SunGard’s Investran for their accounting and reporting services as the demand to support specialized funds continues.”
About International Administration (Guernsey) Limited
Since its formation in 2000, IAG has provided fund administration to a select international client base with US$11 billion of assets under administration. Initially a subsidiary of a specialist asset manager, our status as one of the very few wholly independent fund administration providers was further reinforced by a successful management buyout at the end of 2005. With more than 30 years’ industry experience, IAG’s management has an in-depth knowledge of the practicalities of providing the best back office solutions to fund promoters and advisers. This expertise is backed by a highly skilled, professional team, who are dedicated to client service. (www.iag.co.gg)
About Investran
SunGard Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. Investran helps improve business efficiencies to facilitate collaboration, support deal flow and automate accounting. Firms rely on Investran’s integrated capabilities to help meet their needs in the entire investment life-cycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management. For more information on Investran and SunGard’s portfolio of alternative investment solutions, visit www.sungard.com/investran
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 25 largest financial services companies. Visit SunGard at www.sungard.com.
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