European-based Ipes and U.S.-based Standish have formed a strategic partnership agreement to benefit from cross-jurisdictional capabilities and access to a transatlantic network.
The boutique providers of fund services to managers of private equity, venture capital, real estate and fund of funds will work together to share their specialized private equity knowledge, experience and contacts in their respective U.S. and European markets.
Furthermore, Standish’s clients will be able to gain access to Ipes’ corporate services and European regulatory expertise.
The new alliance gives U.S.-based fund managers access to experts in European fund structures and new European regulatory requirements, including Alternative Investment Fund Managers Directive (AIFMD) depositary. Likewise, European managers will gain access to experts in U.S. structures and tax complexities, thus helping managers to comply with FATCA and other tax exchange agreements.
Ipes’ commercial director Justin Partington says, “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 customized 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.”
“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,” says Robert Raynard, managing partner of Standish. “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 organizations are known for in their respective markets.”
Fund Services Providers Form Strategic Partnership
European-based Ipes and U.S.-based Standish have formed a strategic partnership agreement to benefit from cross-jurisdictional capabilities and access to a transatlantic network.