South African Fund Administrator Selects eFront Software

South African fund administrator IDS Fund Services (IDS) has selected eFront’s software for its private equity and real estate fund administration operations.
By Janet Du Chenne(59204)
South African fund administrator IDS Fund Services (IDS) has selected eFront’s software for its private equity and real estate fund administration operations.

“We believe that eFront will complement our private equity services, assisting IDS in providing reliable and timely services to support and facilitate the private equity fund operation activities, allowing private equity managers to focus on core activities”

IDS is an independent fund administrator based in Cape Town, with operations in Malta and representation in Mauritius. Established in 2002, the company has more than $8 billion worth of assets under administration.

With a growing private equity market in Africa and the increasing complexity of the alternative asset market, IDS sought an innovative and reputable technology solution that would enhance its private equity operation and service offering for local and international clients. eFront was able to provide a flexible solution to support IDS requirements and evolve with the market demands.

“We believe that eFront has the most advanced and recognized system solution which will support our commitment to high quality services and will assist us to further expand into the private equity market,” explained Tony Christien, Deputy CEO at IDS.

“We believe that eFront will complement our private equity services, assisting IDS in providing reliable and timely services to support and facilitate the private equity fund operation activities, allowing private equity managers to focus on core activities,” adds Raffaela Mirai, Private Equity Specialist at IDS.

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