AST Private Company Solutions partners with fund admin firm HC Global Fund Services
AST Private Company Solutions (AST PCS) has formed a new strategic partnership with HC Global Funds Services, (HC Global) as a provider of fund administration services to seed fund, accelerator fund, venture, and private equity funds as well as special purpose vehicles.
Users of AST PCS’s recently launched Astrella capitalisation (cap) table and ownership data management platform will benefit from the new integration.
Astrella was developed by AST PCS, the Silicon Valley-based business unit of ownership data management leader AST, using transformative technology to build a new cloud-based SaaS platform. The solution brings together private blockchain technology, artificial intelligence (AI), and predictive analytics to provide audit-ready ownership tracking. Astrella is built with an API ecosystem to allow seamless integration with leading providers like HC Global. Their services are critical to the timely and accurate reporting of fund data as well as remaining within IRS tax compliance throughout the entire life cycle.
“Astrella is coming to market at a critical time in our industry as growth pushes the boundaries of service capacity and capabilities for private companies seeking cap table management and ownership tracking software,” says Nick Pasco, HC Global Managing Director. “We researched potential partners amongst several cap table management services and found Astrella best meets our clients’ demands for thoughtful and personalised service. Their management team deeply understands investor needs and has enjoined first-class solutions with leading-edge technology.”
AST PCS Vice-President Paul Arens adds: “HC Global was a natural choice for us as a provider of Fund Administration and related services to companies on our platform, working nationally with clients that range from start-ups to long-tenured. Over time, their team has proven effective at integrating seamlessly with technology providers. Companies on our platform will have integrated cap table management plus valuation offering with scalable, elegant software, and bespoke fund administration services—all at great pricing. By building an integration connecting HC Global and Astrella, our joint clients will have a seamless and efficient experience, saving everyone time and money.”