UMB Fund Services (UMBFS) has been appointed the fund administrator and transfer agent for Alternative Fund Advisors’ (AFA) first registered closed-end private credit interval fund.
The Milwaukee-based fund services firm will also provide fund accounting and tax reporting services, while UMB Bank will provide custody services.
AFA, founded last year, was launched with the purpose of offering institutional-quality private investment strategies in a convenient interval fund format to registered investment advisors (RIAs), family offices, and wealth advisors at private banks.
“From the beginning of our partnership, UMB Fund Services has demonstrated their steadfast commitment to client service by helping us through the challenges associated with launching a closed-end interval fund,” said Marco Hanig, founding principal and CEO at AFA. “We are confident that UMB Fund Services is the right partner to have in our corner for the AFA Multi-Manager Credit Fund.”
This mandate follows UMBFS’s recent appointment by Hamilton Lane to provide administration, fund accounting and custody services to certain registered and private funds.
The firm was also recently chosen to provide services to Bow River Capital’s Evergreen Fund, following its conversion from a private equity to a registered closed-end interval fund.
“We are pleased to provide a suite of services to support Alternative Fund Advisors‘ first registered closed-end interval fund,” said Maureen Quill, executive vice president, executive director of registered funds at UMBFS.
“In addition to accessing our award-winning fund administration and custody services, Alternative Fund Advisors will be able to take full advantage of our high-touch client service as they continue to grow and evolve their product.”