At least three Australian institutions are poised to appoint a specialist private equity administrator, as JPMorgan rolls out its offering this quarter.
JPMorgan Private Equity Fund Services (PEFS), whose latest US client is food/media/energy buyout specialist HM Capital Partners, will transfer a senior staffer from New York, Amy Newlan, to oversee its Australian launch this quarter. The division will first offer its portfolio administration service for private equity fund-of-funds or super funds, as it is able to be integrated straight into the global Investrans platform which JPMorgan has developed with Sungard over the past eight years. Bryan Gray, local head of sales at JPMorgan Worldwide Securities Services, said: “;We are currently in discussions with three of our clients who are impressed with the online reporting capabilities. Australia is a centre of excellence for JPMorgan WSS and PEFS is a key area of focus due to sophisticated clients and ongoing market growth.”; Gray has previously said there are currently about six clients in Australia with a large enough private equity portfolio to be interested in PEFS.
9 January 2007 00:00
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Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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