Op tip: Optimising fund administration

Stop shadow bookkeeping and get the best out of your fund admin relationship

In this conversation, Holland Mountain's Jeremy Hocter focuses on the challenges of shadow bookkeeping and the importance of effective relationships with fund administrators. He explores the complexities of financial data management, the necessity of transparency, and the human elements that influence these professional relationships.

Takeaways
- Private equity firms should discontinue shadow bookkeeping.
- Fund administrators are better positioned to manage complex calculations.
- The relationship between finance teams and fund administrators is complex and requires attention.
- Effective communication and transparency are key to a successful partnership with fund administrators.
- Switching fund administrators can be a pain; often, the best option is to improve the current relationship.
- Technology and process are fundamental in evaluating fund administrators.
- A data platform can facilitate smoother transitions between fund administrators.