- EQT has chosen the Citco Group of Companies (“Citco”) to deliver an outsourced private equity administration solution for its portfolio of funds and special purpose vehicles. Citco will provide a range of administration services including fund accounting, budgeting, forecasting, investment and fund performance reporting, investor support as well as SPV services.
- Citco Nederland B.V.
Commenting on the partnership, Nikolaos Perros, Global Head of Private Equity and Real Estate fund services at Citco said “We are delighted to have been selected as a partner by EQT, one of the world’s leading private equity firms, for delivering an outsourced solution for their business. Our extensive experience in the asset management industry, best-in class technology solution and global footprint will allow us to deliver a scalable administration model for EQT’s business”.
“We are looking forward to EQT´s partnership with Citco. This is a natural step in EQT’s development and growth ambitions and will ensure high quality administration and support for EQT investors”, says Johan Bygge COO at EQT Holdings.
The services will be delivered from several Citco offices throughout Europe. As part of the agreement Citco has opened Citco Fund Services (Guernsey) Ltd with 35 staff and has hired the majority of the existing EQT team to help provide ongoing seamless support for the EQT funds.
Citco’s client base includes investment managers, pension plans, insurance companies, family offices, and covers asset servicing of investment funds, limited partnerships, funds of hedge funds, holding companies, SPVs, REITs, Debt Entities and Joint Ventures.