ZEDRA joins forces with leading US Fund Solutions provider, Gryphon

This strategic development will enhance ZEDRA’s comprehensive global fund service offering, allowing Fund Managers and General Partners to consolidate their service provider and outsourcing needs into one streamlined solution. The transaction significantly expands ZEDRA’s US Fund Administration business, doubling its size and positioning the Company in an enviable position with a strong presence throughout Asia, the Americas and Europe.

With over $10 billion in assets under administration, Gryphon has built a strong reputation for delivering high-quality services to private funds. By integrating Gryphon’s services into ZEDRA’s existing portfolio, this brings their combined assets under administration to circa $30 billion. This partnership will provide clients with an unparalleled, comprehensive suite of fund solutions designed to meet all of their back-office and tax reporting needs.

Joining forces with Gryphon represents the next step in ZEDRA’s international growth strategy under the support of Corsair and BCI, who partnered with the Company as its majority investor in 2018 and as a minority investor in 2023, respectively.

Today’s announcement also follows ZEDRA’s acquisition of Atlas Fund Services in 2022, which solidified its foothold in the Western hemisphere and enhanced its ability to service US and Latin American investment managers from Atlas’ offices in Charlotte, North Carolina and Curaçao.

ZEDRA Chief Executive Officer Ivo Hemelraad commented, “We are delighted to welcome Gryphon into the ZEDRA family. This collaboration aligns perfectly with our strategy to provide fund managers and their investors with a complete, end-to-end solution that streamlines operations and enhances efficiency in the US and globally. Gryphon’s expertise and commitment to excellence are a natural fit for our organisation, and we look forward to working together.”

Gryphon Founder & Chief Executive Officer Chris MacLaren remarked, “We are excited to join forces with ZEDRA. Our shared vision of providing a premium experience for fund managers and their investors through comprehensive, high-quality solutions made this partnership an ideal match. Together, we will be able to offer our clients even greater depth and support as they navigate the complexities of their business.”

Both companies will work closely together to ensure a smooth transition for all clients and employees.

About Gryphon

Gryphon, headquartered in Beachwood, OH, provides a cohesive fund administration and tax service offering to private investment funds and management companies. Servicing more than 150 funds with over $10 billion in assets under administration, Gryphon’s client base includes Venture Capital Funds, Private Equity Funds, Hedge Funds, Special Purpose Vehicles, and Family Office Clients. Find more at www.gryphongroup.us.

About Corsair

Corsair is a specialist investment firm offering opportunities for investors and solutions for companies across its private markets Buyouts and Infrastructure businesses. The firm’s buyouts business is a financial services investor focused on making control investments in three verticals: Payments, Software, and Business Services. The infrastructure business operates as a strategic partnership with Investcorp as of December 2023. Investcorp Corsair focuses primarily on core plus and value-added opportunities in transportation, logistics, and associated infrastructure subsectors, blending operating platforms and deep sectoral expertise with equity sponsorship. Corsair has invested $13.6 billion in capital across buyouts and infrastructure since inception. For more information, please visit https://www.corsair-capital.com/ and follow us on LinkedIn.

About BCI

British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia public sector clients. BCI’s private equity program actively manages a C$31 billion global portfolio of privately held companies and funds with the potential for long-term growth and value creation. https://www.bci.ca/

ENDS

Notes to Editors

For more information, please contact:

ZEDRA:

Greentarget
Jamie Brownlee / Eleonore Basle / Ana Reynaud
+44(0)783 457 1183
[email protected]

Gryphon:

Chris MacLaren / Gordy Jones
[email protected]

Corsair:

Prosek Partners
Ryan Smith / Rianna Bresse / Peter Gavaris
4859-0981-3241, v. 2
[email protected]