The Benefits of Hiring a Fund Administrator

Historically, funds have run their back-office in-house. Today, more and more firms are shifting away from hiring in-house teams and instead, outsourcing their back-office work. This not only alleviates the pressure of the administrative work for a fund manager, but allows for leverage of a fund admin’s team of industry experts down to purpose-built, proprietary software.

Fund administrators offer a range of services including accounting, capital call and distribution management, preparation of financial reports, investor relations, and audit and tax process management. With a back-office provider, fund managers can steer their attention to raising capital, making deals, and building investor relationships.

There are many benefits to hiring a fund administrator, and we’ve highlighted a few here.

ABOUT VECTOR

Vector AIS is a next-generation fund administrator and technology company for closed-end investment funds.

At Vector, we strive to create an inspiring, inclusive, equitable workplace that celebrates and values employees. As we continue to scale, we do so with a responsibility to foster a culture of inclusivity and balance that allows teammates to thrive at work and in their personal lives.

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