Similar to the role of a well-functioning operation and finance team, the role of service providers has evolved from simply providing operational and compliance solutions to becoming strategic advisors to private fund managers.
Whether a private fund manager implements a fully outsourced or hybrid operation and finance model, selecting the right service providers that complement the operation and finance team of the private fund and are long-term partners of the private fund manager will be of the utmost significance to the long-term success of a private fund.