1 week Ago By Dominic Sow
Independent professional services group Praxis has selected Allvue Systems , LLC, a leading provider of technology to fund administrators, to enhance its fund administration services, further aligning with the firm’s vision of providing future-proof, client-centric solutions. This collaboration represents a significant step in the firm’s strategic plan to offer comprehensive, efficient and independent service solutions that leverage best-in-class technology. Praxis Group provides fund administration services with a focus on institutional, private equity, venture capital, family office and private clients.
Ava Fairclough , Group Head of Corporate Services, emphasized the importance of selecting a technology provider that could scale with them and facilitate superior client support. “We selected Allvue’s Fund Administration Essentials because we wanted a solution that could grow with us and our clients. Their innovative and award-winning fund accounting platform and investor relations tools will empower our clients to run their funds efficiently now, and for years to come.
” “Having a system that is scalable and backed by a customer-centric team was a priority for us. Allvue’s team is relationship-driven and forward-looking, providing technology that evolves with market demands,” said Fairclough. “With Allvue, we can drive value for our clients—not only in managing fund accounting but also ensuring that they have data and portfolio management tools to thrive.
” Praxis is now live with Allvue’s Fund Administration Essentials solution, initially focusing on the Middle East. Dan Toft , Director and Senior Executive Officer at Praxis, UAE added, “As the first, and longest running authorized provider of fund administration services in the region this latest enhancement reflects our ongoing commitment to our clients. The Middle East continues to attract record levels of new funds from local and international funds, attracted by the regulatory and business environment, and strategic location.
We are delighted to be part of this success.” With Allvue’s Fund Administration Essentials solution, fund administrators like Praxis can easily manage the complex fund structures and unique financial reporting requirements of private fund managers. Allvue’s purpose-built software streamlines back-office financial management and reporting.
Allvue’s solution is also designed to give fund administrators like Praxis the tools to deliver real-time data and insights to their general partners and their investors. Allvue’s technology enables firms to manage fund operations efficiently, while providing investors with transparent access to underlying portfolio performance. “Praxis’ mission to embrace future-proof solutions for the funds they work with aligns with Allvue’s technology philosophy,” said James DiCostanzo , Global Head of Fund Administration at Allvue.
“Allvue’s Fund Administration Essentials solution set for fund administrators enables firms like Praxis and their clients to grow at scale and achieve operational efficiency by leveraging best of breed technology. We look forward to supporting Praxis as they continue to engage in the market as a trusted provider of valuable fund administration services.” Praxis’ fund administration services guide fund managers through the regulatory set up and fund formation process.
Allvue’s Fund Administration Essentials was built with emerging and growing funds in mind, offering turnkey solutions that grow with firms..
