Ocorian, the provider of corporate, fund and fiduciary administration services for private markets, has selected the full eFront® Invest suite to support the ongoing growth of its Global Funds business.
The announcement builds on Ocorian’s long-standing relationship with eFront by adding new capabilities such as fund administration, investor services, AIFM and depositary services.
Ocorian’s Global Head of Service Lines, Mike Hughes (pictured), commented: “We have great ambitions for our Global Funds business. It is one of our fastest-growing business lines and we have built tremendous momentum with our clients over the last six months. Evolving our partnership with BlackRock and investing in eFront’s fund administration platform enables us to become part of a select class of go-to technology-enabled fund services providers.”
Ocorian provides bespoke technology-led specialist fund services across private market segments including private equity, venture capital, direct lending, real estate, and infrastructure focussed fund managers. Ocorian’s expert teams simplify complexity, deploy technology, and use our market expertise to deliver across the lifecycle of the structure they have established.
“As the role of asset servicers rapidly evolves, we are working in lockstep with our partners to configure innovations that empower them to scale, automate operations, and ultimately, deliver a seamless experience to their clients,” said Tarek Chouman, Global Head of Business Development for the Aladdin Business at BlackRock. “This expansion is a true testimony to our decade-long collaboration with Ocorian and we are thrilled to evolve our partnership in support of their growth.”
BlackRock’s eFront platform will support Ocorian in offering end-to-end asset servicing solutions to their global clients. On top of using eFront for its Central Administration and Transfer Agency support (which it does today), Ocorian will leverage the platform for its Depositary as well as Management Company services. Managing its full Global Funds business on the eFront platform will enable Ocorian to expand its product suite across multiple service lines and streamline data to better serve clients.
As part of the expansion, ‘Investment Café’ – the eFront investor relations portal, will be available for Ocorian clients to help manage investor services by streamlining communication and securely sharing client information.