Cloud-based fund administration specialist Sudrania Fund Services has expanded its global footprint in opening its latest office in Singapore to take advantage of the country’s recently enacted Variable Capital Company (VCC) fund structure legislation.
The Singapore office is in addition to the company’s Hong Kong, India, U.S. and Cayman Islands offices. The Chicago-based company was founded by NAV Consulting alum Nilesh Sudrania in 2016. The firm has grown quickly to more than 250 global employees and more than 200 administration clients.
Sudrania’s business is focused on combining the power of cloud computing with a boutique service model scaled for volume. The platform is an integrated portfolio, fund, and investor accounting system with a full-scale general ledger that is used by a wide variety of alternative investment funds including hedge funds, funds of funds, venture capital and private equity offerings and even digital asset funds.
The firm is now working with firms seeking to launch or redomicile funds in Singapore.
“The combination of VCC legislation, plus our cloud-based fund admin model, helps accelerate fund launches for sophisticated, early adopting managers,” commented Ravindra Tailor, director of org development (APAC) at Sudrania. “Our strategic goal has always been to help managers stay competitive and focus on generating alpha for their investors, so opening this office dovetails with that imperative.”