New Partnership Highlights Great Lakes’ Experience in Working with Innovative Alternative Investment Fund Sponsors
August 24, 2022, Chicago, IL – Great Lakes Fund Solutions, Inc. –a leading administrator and transfer agent for retail alternative investment fund sponsors– is proud to announce its new client partnership with Houston-based Donovan Ventures, which provides up to $20 million in growth capital to lower middle-market energy companies through dedicated private equity investment funds. Great Lakes will provide an outsourced investor-services back office to each fund program, allowing Donovan Ventures to focus on raising money for its energy clients.
“We are excited to announce our partnership with Great Lakes Fund Solutions, after conducting market research and discovering their strong reputation in the industry, attributable to their responsive office staff and their best-of-class, plug-and-play investor services experience. The transfer agency partnership with Great Lakes Fund Solutions will help support our aggressive growth trajectory by fine tuning their technology to our needs.” said John Donovan, Managing Partner of Donovan Ventures.
“We are thrilled to be working with Donovan Ventures and their technology partner Energia.com to launch their latest series of funds representing direct ownership in producing oil and gas wells.”, said Rob McLamore, President of Great Lakes Fund Solutions. “Applying and also enhancing our technology for this client will not only support their capital raising efforts but accelerate Donovan Ventures’ goal of becoming a nexus for investors looking to source liquidity for their energy working interests.”
About Donovan Ventures
Donovan’s innovative private investment structures will allow investors to have direct real- property interest in investment programs that contain a diverse portfolio of producing oil and gas wells. The firm’s focus on keeping expenses low for investors is a key ingredient to success in an industry that has faced significant administrative pain points for investors looking to hold working interests in their portfolio. Donovan will benefit from the significant industry changes that are underway in the financing of working interests, spurred by the environmental and social governance (ESG) initiatives advancing at publicly traded companies.