Charter Group Fund Administration has launched a new platform to help start-up fund managers launch with infrastructure in place.
"The platform is a fantastic solution for new managers who want an institutional-grade infrastructure without the hassle and cost of setting it all up," says Brian Taitz, CEO of Charter Group. Taitz founded fund administrator Kingsway Taitz, which was acquired in 2009 by private equity firm TMF Group. He left the firm after the acquisition and joined Charter Group to launch London-based Charter Group Fund Administration in 2010.
Charter Group's new platform helps new funds in drafting legal documents, offering memoranda and appointing key service providers. The administrator says it also has assembled a network of prime brokers and custodians that are suited for fund start-ups.