UK property finance platform selects SS&C for fund administration

Property finance platform converts operations to SS&C's full-service platform.

By Jonathan Watkins

SS&C Technologies has been selected by UK property finance platform LendInvest to provide fund administration services for its open-ended fund. 

The fund administration giant will also provide accounting services, eInvestor, corporate secretary and Automatic Exchange of Information Agreements (AEOIs). 

LendInvest said it switched to SS&C to take advantage of its broad loan and credit expertise and technology.  

“SS&C stands out from the competition with a strong technology offering and superior service,” said Matthew Kay, director of fund services at LendInvest. “Our growth strategy demands a flexible offering that can support a wide range of fund and investment types. Moreover, SS&C’s expertise in the credit market ensures we have a strong partner for our expanding business.” 

SS&C has been on a run of mandates wins in the past couple of months, in addition to product and regional expansions.  

Among the new deals have been American Fidelity migrating it insurance investment accounting to SS&C, a mandate from Itaú USA Asset Management and a transfer agency agreement with Conbrio Fund Partners. 

“We are excited to support LendInvest in its ongoing expansion in the European real estate lending market,” said Ian Holden, managing director, EMEA hedge fund services at SS&C. “We have seen a lot of demand for our services among credit managers. Our client-centric operating model, as well as our ability to service a variety of complex fund structures through a single service team, ensures we can serve the specific needs of the clients.” 

In this year’s Global Custodian Hedge Fund Administration survey, SS&C outperformed the global average with particularly high scores in investor services, reporting and fund accounting.