GUERNSEY, CHANNEL ISLANDS—European-based Ipes and US-based Standish have formed a strategic partnership agreement.
Under the partnership, Standish and Ipes, will work together to share their specialized private equity knowledge, experience and contacts in their respective US and European markets. As a result, both firms and their clients will benefit from enhanced cross-jurisdictional capabilities and access to a transatlantic network. Furthermore, Standish’s clients will be able to gain access to Ipes’ corporate services and European regulatory expertise. Both firms are boutique providers of fund services to managers of private equity, venture capital, and real estate funds.
“We are really excited about this next stage of the Ipes journey as we continue to develop and grow the business. Standish appealed to us as our US partner on the basis of their success,” said Ipes’ commercial director Justin Partington. “They have grown rapidly through their excellent client relationships and high-quality customized service delivery. We look forward to sharing experiences and developing new relationships with them over the years to come. Now is a particularly good time to establish this partnership as both European and US fund managers cope with AIFMD and FATCA.”
The new alliance gives US-based fund managers access to experts in European fund structures and new European regulatory requirements, including AIFMD depositary. Likewise, European managers will gain access to experts in US structures and tax complexities, which is especially important in the current legislative climate as managers are required to comply with FATCA and other tax exchange agreements.
“We’re delighted to forge a transatlantic partnership with Ipes,” said Robert Raynard, managing partner of standish. “As Standish has grown and our clients’ global needs have expanded, we have looked to Europe to find a partner that shares our values and commitment to having the best people, client service and technology. We are looking forward to leveraging the partnership, particularly for our clients that have a European domiciled fund structure and need an AIFMD depositary. Fund managers on both sides of the Atlantic will benefit from the collective knowledge and expertise that our organizations are known for in their respective markets.”
The Ipes group specializes in European private equity fund services, managing in excess of $72 billion of assets for more than 100 clients, 250 funds and 9,000 investors worldwide. Over 160 experienced professionals work from four full-service offices in London, Luxembourg, Jersey and Guernsey.
Standish, based in San Francisco, is an employee-owned company that provides consulting and administration services to private equity, venture capital, real estate and fund of funds firms. Standish provides fund services to more than 90 clients, 275 funds and 10,000 investors worldwide, that manage over $30 billion in committed capital.