News / 10 August 2021
Crestbridge obtains fund administration licence in readiness to support clients with ILP interest
Crestbridge, the agile alternative for private equity and real estate administration solutions, has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland.
Crestbridge opened its eighth office based in Dublin, Ireland, in March this year and has already found success offering a full range of integrated Corporate Services to multiple Irish domiciled company structures. Today’s announcement regarding, regulatory approval of the fund administration licence further enhances Crestbridge’s established Irish platform and significantly broadens the Irish team’s service capabilities for managers.
Andrea Lennon, Head of Fund Services, Ireland said: “Ireland is one of the largest financial jurisdictions in Europe. Regulatory approval of our fund licence enables our Irish team of industry experts to utilise their intricate understanding of complex multi-jurisdictional structures, as well as the operational, regulatory and marketing requirements to deliver Crestbridge’s agile, high-touch service solutions to the Irish fund industry.
As specialists in private equity and real estate solutions recent changes, including the updates to the Irish Investment Limited Partnership (ILP) legislation, provide strong, compelling reasons for our clients to choose Ireland, and offers a complimentary, strategic fit with the wider Crestbridge business.”
Today’s announcement is the latest in a series of developments in the business’ continual evolution of its European proposition and its wider group strategy for growth. In an increasingly complex alternatives space, Crestbridge’s continued status as an independent business ensures flexibility, collaboration and reliability across the eight strategically located jurisdictions in which the Group now operates.
Alex Di Santo, Group Head of Private Equity, added, “Obtaining our fund licence in Ireland is key in delivering our strategic ambition to extend Crestbridge’s industry leading private equity and real estate services to managers and investors across Europe, with Ireland as a domicile well positioned for sophisticated global investors.”
This is another significant milestone for Crestbridge, Ireland is a leading investment fund centre and a major domicile for the cross-border distribution of funds into the EEA and global markets.
Crestbridge provide a broad range of outsourced fiduciary, administrative, accounting and compliance services globally – our expertise spans services, asset classes and jurisdictions. Since 1998, we have been putting our insight and experience to work for clients who include leading corporations, sovereign wealth funds, investor groups, asset managers and ultra-high net worth families.