Direct investment sponsors of real estate and oil and gas production funds spoke to Great Lakes Fund Solutions of the need for a streamlined fund showcase data room to engage with independent broker dealers and financial advisors. “Too cluttered”, “difficult to use” and “not enough data to assist with the sales effort” are among the …
Dear CEO, Founder and CFO: The word “outsourcing” is a loaded one. Your company is doing well and the most natural choice would seem to be to hire the technology, investor services and clerical staff that you need. As they learn about your business they will become more valuable to you, right? Yes, that …
Fierce competition among asset managers and the desire that investors have for lower the fees in alternative investments has triggered a major increase in the alternative mutual fund category, as highlighted in this article: http://www.cnbc.com/id/101308774 This trend will continue for a decades and the back office, IT and administration implication of the movement will be …
Great Lakes Fund Solutions is launched CrowdKey, a turn-key portal, customized to become an issuer’s Crowdfunding site. CrowdKey facilitates direct investments sales by: Inviting prospective investors to the portal through their financial advisor Displaying a menu of investment options including presentations, video content and images Accepting commitments via e-signature Confirming subscriptions when funds close Servicing …
Great Lakes Fund Solutions is talking to brokers, bankers and lawyers who think that they will be able to use Reg A filings more actively once the cap on the size of the offering increases from $5MM to $50MM. With the backlog of things the SEC has to do, it could be that tweaking an …
JOBS Act to Revitalize the Dormant Reg A Filing into Reg A+ Read More »
Hedge fund distribution has been forced to change because family offices and HNW investors are reluctant to seed new investment managers. Great Lakes is positioned to support these managers–directly or through their administrators–as they seek to raise assets from independent brokerage platforms. The vast majority of hedge fund administrators are not able calculate trailing commissions …
How will the hedge fund admin business support retail-platform hedge funds? Read More »
DTCC has taken a solid step toward addressing the AIP volume constraint by pushing the first processing cycle to earlier in the day (5:10 am). This has the effect of increasing the maximum number of records that can be handled by DTCC during that first cycle to 600,000. Additionally efforts are underway to do “database …
I came across my first DPP fund–a start-up REIT in this case–that is looking to outsource both accounting and transfer agency services. Is this a trend? I can vouch for the fact that this is standard practice in the hedge fund world. If you don’t outsource your accounting to your fund administrator your fund will …
February 1, 2013, Chicago – Great Lakes Fund Solutions, Inc. (GLFSI) announces the expansion of its transfer agency service offering to include non-traded real estate investment trusts (REITs), oil and gas limited partnerships, and other alternative investments sold through independent brokerage channels. Collectively, these types of investments are known as Direct Participation Programs (DPPs). For …