JTC announced today that it was appointed by Resolute Capital Partners, a San Francisco-based private equity firm, to administer its two new international feeder funds.
Resolute Capital Partner (Resolute Capital) actively invests in and manages investments in energy, real estate, and technology and structures its offerings with proven and flexible operational techniques. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
When Resolute Capital decided to expand globally and researched available fund administrator options, they awarded JTC the opportunity to administer their international feeder funds in Guernsey, a well-established fund domicile and a leading offshore financial centre.
Master feeder structures are very common for funds that have a domestic (US-based) ‘master’ and an offshore ‘feeder’. Typically, the master fund holds the portfolio of funds and each feeder fund invests into the master.
Jacqueline Kuiper, EVP, General Counsel and Chief Compliance Officer at Resolute Capital Partners, said: “After doing extensive research, we selected JTC because their US and Guernsey teams could meet all of our fund administration needs. JTC welcomed the opportunity to grow together, so it’s been mutually symbiotic, and their purpose-built technology and communication align them perfectly to be our local to global growth partner.”
Michael Richards (shown in main picture), Head of Fund Administration USA, said: “If going offshore is part of your fund strategy, our organisation is built for a fund to raise and deploy capital all over the world.”
