IRELAND - Northern Trust has launched a private equity fund administration team in Dublin in a bid to tap growing demand for private equity funds.
According to Northern Trust, Dublin is becoming an increasingly popular domicile for private equity and private equity related funds because it has the benefits of being an offshore centre whilst still being within the European Union, the latter being seen as beneficial by some investors given the drive towards tax harmonisation between the EU countries.
As a result, Northern Trust set up the fund administration team to offer a range of services for private equity funds and private equity related fund structures domiciled in Dublin.
The full suite of solutions includes fund administration services, financial reporting services, investor services and corporate governance services for funds, fund of funds, limited partnerships and companies.
Paul Guilbert, head of private equity fund administration at Northern Trust, said the aim was to capitalise early on opportunities opening up in the Dublin market. We are already serving private equity clients in Dublin and are seeing a lot of interest in our solutions,” he claimed.
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