TMF Group, a provider of global administrative services, including fund accounting and administration, for private equity, private debt, venture capital, real estate, and infrastructure funds, has acquired PartnersAdmin LLC (PartnersAdmin), a full-service outsourced fund administration provider.
TMF Group will now administer more than $215 billion worth of assets on behalf of its global fund manager client base.
Founded in 2008 and headquartered in Carlsbad, California, PartnersAdmin has a strong US West Coast footprint and a portfolio of fund clients across multiple states, including California, Texas, New York, and Colorado.
PartnersAdmin supports fund managers across all stages of fund lifecycles with an integrated technology platform, providing integration of portfolio, partnership, and investor accounting.
The acquisition represents a strategic step in TMF Group’s expansion in the North American market, particularly in the US, where in 2021 the company acquired Venture Back office (VBO), a US based third-party provider of solutions to private equity, real assets, credit, and emerging manager funds.
In January 2022, TMF Group acquired Paraty Capital, a Brazilian fund administration platform focused on private equity, real estate, infrastructure, venture capital, and private debt funds.