Phoenix Fund Services partners with Allvue Systems
Texas-based fund administrator Phoenix Fund Services Group has integrated Allvue Systems’ fund accounting and investor portal.
The Allvue portal makes it easier for fund administrators to manage the complex fund structures and unique financial reporting requirements of private fund managers.
It streamlines back-office financial management and reporting, offering real-time data and insights to their general partners and their investors.
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Phoenix Fund Services Group is co-led by chief executive Paulette Firestone and chief operating officer Stephanie Henwood-Darts.
“After evaluating several potential technology providers, Phoenix ultimately chose Allvue for their innovative platform, collaborative approach, and the competitive advantages their technology will deliver to our clients,” said Henwood-Darts.
“Having a system that is scalable and backed by an engaged and collaborative team was essential for us. Allvue’s team went above and beyond, showing a true relationship-driven mentality.”
Allvue global head of fund administration James DiCostanzo added: “Allvue’s solution set for fund administrators empowers firms like Phoenix and their clients to scale and achieve operational efficiency. We look forward to supporting Phoenix’s growth as they continue to make their mark in the industry.”
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The two firms said alongside their technological alignment are shared values. They said Phoenix’s focus on fostering long-term relationships, and amplification of inclusivity in the private equity market, aligns with Allvue’s commitment toward corporate and market inclusivity.
“We see incredible potential for growth in this partnership,” added Marc Scheipe, chief executive officer at Allvue. “Allvue’s platform will help Phoenix’s mission to equip fund managers of all sizes with accessible, top-tier services. We’re excited to be a part of their journey.”
Phoenix also plans to collaborate with Allvue on future thought leadership initiatives, with the aim of supporting emerging and diverse fund managers.
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