Broadstreet Impact Services to Elevate Fund Administration with Entrilia Platform

Broadstreet Integrates Entrilia for Enhanced Fund Administration

In a strategic move to bolster its fund administration capabilities, Broadstreet Impact Services has opted for the Entrilia platform, aiming to provide high-quality investor services as it navigates its growth trajectory in 2025. As a prominent player in fund administration, Broadstreet serves a wide range of clients, managing over $2 billion in assets distributed across 36 multi-asset funds and 92 single-asset entities.

The implementation of Entrilia’s advanced fund administration software marks a significant upgrade in Broadstreet’s technology suite. Entrilia provides robust operational features, including an integrated investor portal and extensive accounting functionalities. This platform ensures that Broadstreet can tailor its approach to meet the diverse needs of its clientele, ranging from community-focused investment initiatives to institutional-scale impact fund managers.

Chris Rakers, Managing Director of Fund Administration at Broadstreet, emphasized the importance of this integration. He stated, "We began an ambitious plan to institutionalize our fund administration business and provide a level of service and technology that has not always been accessible to the impact investing community." This integration is seen as essential to filling the gaps in service that were previously identified by Broadstreet leaders.

Moreover, Rakers elaborated on the transformative nature of Entrilia’s technology, which can adapt to both small grassroots funds seeking to create impact in underserved regions and larger, institutional fund managers implementing global strategies. This level of flexibility is critical in a rapidly evolving market where service standards are increasingly scrutinized and expected to be on par with more traditional investment sectors.

Broadstreet’s services extend beyond fund administration; they also offer a suite of solutions targeting community investment funds and their stakeholders. Their offerings include fund development, impact measurement, financial structuring, and operational advisory services. Given their extensive expertise, Broadstreet also manages private credit investments and oversees New Markets Tax Credit capital initiatives.

Entrilia, known for its sophisticated technological solutions tailored for private capital markets, applauded Broadstreet's commitment to the impact investing sector. Eric Faw, CEO of Entrilia, expressed pride in supporting Broadstreet’s mission, noting the crucial need for precision and adaptability in fund administration. He emphasized how Entrilia’s platform is designed to empower teams like Broadstreet’s, ensuring they can maintain high-quality service while meeting diverse client demands.

With offices strategically located in Miami and London, Entrilia is recognized for building scalable technological tools within the private capital sector. This collaboration signals a significant leap for Broadstreet as it fortifies its capabilities and sets a higher standard in the impact investment space.

Broadstreet Impact Services prides itself on its innovative approach to social, environmental, and economic impact. For more than 20 years, the company has cultivated a client base that appreciates its tailored service offerings, focusing on creating value aligned with broader societal goals.

As Broadstreet and Entrilia join forces, the integration of advanced technology with deep sector expertise is expected to stimulate transformative changes in the impact investing arena, providing bespoke solutions that meet the complexities of modern fund administration. This initiative illustrates the growing trend of combining technology and impact investing in a landscape that demands responsiveness and excellence in service delivery.