SAN FRANCISCO, September 21, 2010
Strong Demand Among VC and Private
Equity Firms for Outsourced Fund Administration Model
SAN FRANCISCO, September 21,
2010 - Standish Management, LLC, a boutique provider of outsourced accounting
infrastructure services to private equity, venture capital and fund-of-funds
firms, announced today that it now serves 100 funds.
Founded in 2006,
Standish has grown to four U.S. offices serving clients with more than $20
billion in capital under management.
"We have scaled quickly to meet
the growing demand for an outsourced solution to accounting infrastructure
services among venture and private equity firms. Crossing the 100-fund
milestone affirms that our value proposition clearly resonates with general
partners and CFOs who recognize that there is an alternative to investing in
and maintaining a back office operation - one that delivers operational
efficiencies and significant dollar savings, and takes the headaches of
staffing and training out of the equation," said Standish Managing Partner
Robert Raynard, CPA.
With offices in San Francisco, Palo Alto, Los
Angeles and Boston, Standish provides a wide range of highly specialized fund
administration services including web-based financial reporting to investors,
partnership accounting, capital call and distribution management and
performance return calculations.
Management, LLC is a privately held company that provides consulting,
technology and administrative services to managers of private equity, venture
capital and fund-of-funds firms. Founded in 2006, Standish is based in San
Francisco with offices in Los Angeles, Boston and Palo Alto. For more
information, visit www.standishmanagement.com.
The Blueshirt Group