SS&C Technologies has extended a valuable outsourcing mandate with Ares Management, a global alternative investment manager with $144 billion in assets.
With the extension of the middle- and back-office outsourcing mandate, the firms will collaborate on expanding the relationship to include additional SS&C products and services.
This will include an upgrade of Ares’ accounting functionality with SS&C Geneva, enabling it to standardise the back-office. The latest enhancements to Geneva will also support Ares’ data management infrastructure.
Ares is a US-publicly traded alternatives asset manager, specialising in credit, private equity and real estate.
“Ares is an important customer for SS&C and we remain focused on delivering innovation and expertise to help Ares fulfil its strategic objectives,” said Rahul Kanwar, president and chief operating officer, SS&C Technologies.
The tech giant has supported Ares’ three main alternatives businesses across credit, private equity and real estate. SS&C was first appointed by Ares in 2013 to provide fund administration and middle-office outsourcing.
The mandate continues SS&C’s strong momentum set in 2019, after winning several high-profile outsourcing deals across traditional and alternative fund management.
These include a multi-year transfer agency deal with UK asset manager Aberdeen Standard Investments, the extension of an outsourcing relationship with US asset manager Waddell & Reed, and a fund administration deal for a newly launched $500 million closed-end fund by IMF Bentham.