Fund data service provider Harmonate has announced a new mandate with private equity fund administrator 4Pines Fund Services, following the appointment of its new chief executive officer.
Harmonate will provide data operations services for 4Pines, after the administrator said data fluent investors are pressing for more transparency.
Harmonate is a data services platform for funds that claims to support a new wave of innovative, advanced fund administrators, aiming to free operations from the limits of legacy systems and closes the information gap between fund managers and investors.
The company’s solutions streamline middle–office processes and help ensure security and regulatory compliance through each step of a fund’s life cycle.
“Harmonate aligns with our vision of providing asset managers with the benefits of unique expertise backed by innovative software architecture and data solutions,” said 4Pines Fund Services CEO Michael Trinkaus.
“Our industry experience and technology solutions transform data driven financial and reporting operations. This allows our clients to focus on their expertise and ideas that highlights their key market differentiators.”
Last week the organisation promoted Global Custodian contributor and its president and COO, Kevin Walkup as chief executive. With Walkup at the helm, Harmonate will be looking to build on its client list, which already consists of more than 800 funds.
“The unprecedented events of 2020 are driving an evolution in the secondaries market, new advances for funds of funds, and new ideas among emergent asset managers,” said Harmonate CEO Kevin Walkup.
“Michael Trinkaus and the team at 4Pines Fund Services are at the forefront of the corresponding evolution in fund administration. 4Pines is that perfect match of exceptionally gifted and experienced industry professionals, augmented by the kind of ground up technology infrastructure that allows them to do their best work at greater scale, and deliver greater value. 4Pines is emblematic of what the best of the fund services industry increasingly looks like, and we’re committed to accelerating that,” said Walkup.