Guernsey-headquartered private equity specialist Ipes has announced
a strategic partnership with the US-based boutique fund service
Under the partnership, Ipes and Standish, a provider of fund
services to managers of private equity, venture capital, real
estate and fund of funds, will work together to share their
specialised private equity knowledge, experience and contacts in
their respective US and European markets. As a result, both firms
and their clients will benefit from enhanced cross-jurisdictional
capabilities and access to a transatlantic network. Furthermore,
Standish's clients will be able to gain access to Ipes'
corporate services and European regulatory expertise.
The new alliance gives US-based fund managers access to experts
in European fund structures and new European regulatory
requirements, including AIFMD depositaries. Likewise, European
managers will gain access to experts in U.S. structures and tax
complexities, which is especially important in the current
legislative climate as managers are required to comply with FATCA
and other tax exchange agreements.
Ipes' Commercial Director Justin Partington said: "We
are really excited about this next stage of the Ipes journey as we
continue to develop and grow the business. Standish appealed to us
as our U.S. partner on the basis of their success. They have grown
rapidly through their excellent client relationships and
high-quality customised service delivery. We look forward to
sharing experiences and developing new relationships with them over
the years to come. Now is a particularly good time to establish
this partnership as both European and U.S. fund managers cope with
AIFMD and FATCA."
Standish Managing Partner Robert Raynard commented:
"We're delighted to forge a transatlantic partnership with
Ipes. As Standish has grown and our clients' global needs have
expanded, we have looked to Europe to find a partner that shares
our values and commitment to having the best people, client service
and technology. We are looking forward to leveraging the
partnership, particularly for our clients that have a European
domiciled fund structure and need an AIFMD depositary. Fund
managers on both sides of the Atlantic will benefit from the
collective knowledge and expertise that our organisations are known
for in their respective markets."
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