Citco named best provider of 'Fund Administration Technology' and 'Fund Administration Innovation' by The Drawdown for its Private Equity Service business

Citco Group of Companies has been awarded the ‘Fund Administration Technology’ and ‘Fund Administration Innovation’ awards at the inaugural Private Equity Services Awards. The Private Equity Services Awards, organized by The Drawdown – a private equity industry magazine, recognizes those private equity service providers which have demonstrated exceptional client service, innovative product development and sustainable business growth over the past 12 months. Winners were picked by a panel of leading private equity CFOs, COOs, CCOs, GCs and CTOs who followed a rigorous judging process. Their assessment considered Citco’s client experience, innovation in product development and business growth.

Judges were impressed by Citco’s new offerings launched over the past 12 months including its Citco One business intelligence dashboard; automated ILPA reporting service and waterfall calculation engine. For the coming year, the firm hasn’t revealed plans on specific product launches, but is dedicated to ongoing development and improvement.

Within the fund administration space, the importance of understanding the future of the market is continued technological advances, and the current race between providers to develop digital and automated solutions.

Full story first published at the Drawdown July/August 2018 edition.