The vertically integrated set of products and services supports many fund structures.
Abdel Hmitti
Vistra, a provider of business services for funds, has launched Vistra Fund Solutions, a global offering derived from Vistra’s acquisition of the fund administration and transfer agent business of Phoenix American Financial Services, Inc. last year, officials say.
“We have reorganized our service delivery to embed a client-centric service culture that is underpinned by a robust operating model and technology platform,” says Abdel Hmitti, president of Vistra Fund Solutions, in a prepared statement. The offerings encompass human resources support, tax services, legal entity management, and regulatory compliance.
Overall, Vistra Fund Solutions “provides a vertically integrated proposition that offers products and services to support fund structures, SPVs [Special Purpose Vehicles], and other related entities, ensuring a comprehensive approach across private equity, real estate, infrastructure, capital markets and aviation services,” officials say.
The new business group will support Vistra’s “existing fund manager clients with dedicated end-to-end services delivered by specialist teams,” officials say. The new effort will also target “new customers across the globe.”
The Phoenix American acquisition catalyzed Vistra to transform “its fund offering into a high-touch global service model,” officials say. “Vistra Fund Solutions will deliver expert services across funds and SPV administration globally, powered by … a proprietary technology platform that leverages market-leading vendor systems.”
“Vistra Fund Solutions is a natural evolution of the legacy Vistra business unit that served the funds market,” says Nicholas Macksey, partner of EQT Private Capital Asia – an investor backing Vistra, in a prepared statement.
Need a Reprint?
