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SeaFort Capital to leverage SS&C’s front-to-back solution to support Fund II

SeaFort Capital, a Halifax, Nova Scotia-based private equity firm, has selected SS&C Technologies’ full-service fund administration solution. 

The firm launched its growth-focused buyout fund, SeaFort Capital Fund II, with a target fund size of USD160 million and USD110 million in initial committed capital. The new fund will invest in Canadian lower-mid-market core industrial and business services sectors.
 
“We were looking for a technology provider with experience managing diverse private equity structures. SS&C has a proven track record of supporting private equity, and they understand our business and provide local support,” says Rob Normandeau, Managing Partner & President. “SS&C’s platform is adaptable, secure and supported by extensive expertise, and we are excited to leverage this partnership as our business grows.”
 
SS&C will provide full front-to-back support, including fund administration, reporting, investor and tax services to support SeaFort’s fund operations. In addition, SS&C’s InvestorVision LP Portal will be used to share fund data with limited partners. SeaFort Capital Fund II has attracted significant investments from its founding investors, including members of the Sobey and McCain families, and several other prominent investors, including established institutional investors and successful entrepreneurs and families from across Canada. 
 
“We are excited to support SeaFort in their mission to invest in growing Canadian businesses,” says Henry Toy, Managing Director, SS&C Canada. “SS&C administers USD100 billion in assets in Canada. We’ve achieved this milestone by delivering top-notch customer service, innovative technology, risk controls and security to investment firms so our clients can focus on investing.” 

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