JTC’s global third-party fund administration solution allows Resolute Capital to successfully launch first offshore fund vehicles.
JTC announced today that it was appointed by Resolute Capital Partners (“Resolute Capital”), a San Francisco-based private equity firm, to administer its two new international feeder funds.
Resolute Capital actively invests in and manages investments in energy, real estate, and technology and structures its offerings with proven and flexible operational techniques. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
When Resolute Capital decided to expand globally and researched available fund administrator options, they awarded JTC the opportunity to administer their international feeder funds in Guernsey, a well-established fund domicile and a leading offshore financial centre.
Master feeder structures are very common for funds that have a domestic (US-based) “master” and an offshore “feeder.” Typically, the master fund holds the portfolio of funds and each feeder fund invests into the master.
Jacqueline Kuiper, EVP, General Counsel and Chief Compliance Officer at Resolute Capital Partners, said:
“After doing extensive research, we selected JTC because their US and Guernsey teams could meet all of our fund administration needs. JTC welcomed the opportunity to grow together, so it’s been mutually symbiotic, and their purpose-built technology and communication align them perfectly to be our local to global growth partner.”
Michael Richards, Head of Fund Administration USA, said:
“If going offshore is part of your fund strategy, JTC is the perfect partner. Our organisation is built for a fund to raise and deploy capital all over the world.”
JTC’s Guernsey office provides a wide variety of services to clients ranging from institutional to high-net-worth individuals. The office specialises in funds, corporate, management company (ManCo), registrar, AIFMD, and limited depositary services.
JTC Americas’ fund administration solution is changing the landscape for private equity funds by providing a uniquely scalable technology platform that features built-in compliance, data security, enhanced reporting, and greater transparency. Designed to help funds of any size successfully raise and manage capital by reducing operational risk, improving compliance capabilities, and providing superior value to fund investors, the solution is the ideal choice for funds seeking to improve marketability by leveraging operational excellence.
About Resolute Capital Partners
Resolute Capital Partners (“Resolute Capital”) is a private equity firm with offices in San Francisco, Dallas, and Minneapolis. Having placed more than $3 billion in institutional-grade and private securities investments throughout their careers, its seasoned executive team has vast experience managing investments during distressed markets. Resolute Capital contributes professional expertise and multi-level support to companies, helping them realise their vision and creating the potential for flexibility and opportunity. Since its founding in 2010, Resolute Capital has raised over $514 million in its various energy, technology, and real estate funds. By partnering with issuers beyond Wall Street, Resolute Capital is bringing capital to worthy projects.
