News / 13 August 2020
Shortlisted in The Drawdown's Service Provider Awards
Crestbridge has been shortlisted in this year’s The Drawdown Service Provider Awards, underlining its multi-jurisdictional capabilities in servicing private equity funds.
Maintaining a strong year for the firm, Crestbridge is named as a finalist in the ‘Fund Administration (Under $50bn AUA)’ category at the awards, which are hosted by specialist title The Drawdown and are considered amongst the most prestigious private equity awards for service providers in Europe.
Judged by an independent panel of industry luminaries, winners of the Awards, which span advisory, law, technology and recruitment across the private equity space, will be announced on 5th October.
The shortlisting comes at a time when Crestbridge continues to see growth in its private equity services business. Recent notable transactions include Bridgepoint’s merger with EQT Credit, a $3.9bn Credit fund, in what was one of the largest in the Credit industry in 2020; and GP Bullhound’s newest fund aimed at investing in growth-stage software businesses.
Michael Johnson, Group Head of Fund Services at Crestbridge, commented:
“We are absolutely delighted to be recognised by The Drawdown. Our strong organic growth has been replicated across our Private Equity business with several strategic hires and continued investment in technology, including the global roll-out of industry-leading fund accounting and administration system, Investran.
This, in addition to receiving our Luxembourg funds licence and ISAE 3402 accreditation (types I&II), extends our ability provide a high quality, solution-driven service for fund managers across a full range of structures and asset classes.”
Michael also recently commented on the state of the specialist fund administration landscape in a feature report in Funds Europe.