#fund services #Ocorian #E78 Fund Solutions

Ocorian Expands US Presence with Strategic Acquisition

Ocorian, a leading provider of fund administration and regulatory solutions, has recently made headlines with the announcement of its agreement to acquire the Fund Solutions division of Element 78 Partners LLC (E78). This acquisition marks a significant step in Ocorian’s strategy to bolster its presence within the competitive US market, particularly focusing on alternative investment fund managers.

The Acquisition Details

Headquartered in St. Helier, Jersey, Ocorian has established itself as a key player in the financial administration sector, catering to the needs of financial institutions, asset managers, corporations, and high-net-worth individuals alike. With this acquisition, Ocorian plans to integrate E78's Fund Solutions unit into its established global fund services division. Once finalized, the combined entities are expected to boast a formidable team of over 700 experts dedicated to fund services and regulatory compliance.

E78 Fund Solutions has built a reputation for supporting nearly 200 alternative investment fund managers overseeing more than $85 billion in assets under management. Their services encompass a diverse portfolio including Outsourced CFO, Fund Administration, Regulatory Compliance, and Tax services, all integral to the lifecycle of fund management from inception to growth.

Strengthening Client Relationships

Chantal Free, CEO of Ocorian, expressed enthusiasm about the acquisition, highlighting the potential it has to enhance their offerings to US fund managers. According to Free,