Guernsey-headquartered Ipes has bucked the economic trend in the year following its management buyout.
This has included attracting 17 new funds to its administration portfolio.
"The buy-out last year allowed us to restructure the business for further growth," said Kevin Brennan, Chief Executive of the private equity fund administrator.
"Bolstering our senior management team, introducing innovative client management tools and continuing to focus on client service has seen Ipes reaffirm its leadership in fund administration."
The company was founded in Guernsey in 1998.
Mr Brennan said that following the August 2008 management buyout it had continued to prosper in private equity, generating a pipeline of business from new and existing clients, in spite of the global slowdown.
UK middle market private equity firm RJD Partners backed the £25m buy-out, fully underwriting the deal. There followed a successful debt refinancing in November, which Mr Brennan said reflected the robust cash flow and business reputation.
RJD Partner Richard Caston said: "Ipes is well placed to take advantage of the ongoing trend towards outsourcing and the expansion opportunities this offers."
A series of executive level appointments has also underpinned the group's plans for growth. In particular, the appointments of Richard Grainger as Chairman and Gavin Hayman as CFO have served to bolster the management team, while two directorship-level internal promotions have confirmed Ipes' commitment to the development of its existing employees and the local employment market.
Ipes employs 110 employees across its Guernsey, Jersey and London offices and is considering opening a fourth in Luxembourg.
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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