Steadfast has selected fund administrator Ipes as the adviser on Fund III, as the firm was familiar with the structure of the fund, the investors and Steadfasts culture from the companys work on Fund II.
We are particularly pleased with the continued support from our existing investors, and securing their involvement with our third fund was a key part of our strategy, Nick Money-Kyrle, founding partner for Steadfast Capital GmbH and Fynamore Advisers LLP, says. Working with service providers like Ipes with whom our team already [has] a good relationship and who really understand our business was certainly a benefit both to Steadfast and to our investors. Given our short timelines, their prior knowledge enabled them to complete key tasks quickly and effectively on our behalf.
Michel Davy, managing director for Ipes in Guernsey, adds: Having worked with Steadfast since 2005 we were delighted to be selected as the administrator for Fund III. Steadfast has an excellent reputation in the European market, and we look forward to working with them on the next stage of their fundraising process.
(CM)