Ocorian expands US presence with acquisition of E78's Fund Solutions division
ST. HELIER, Jersey, June 3, 2025 /PRNewswire/ -- Ocorian, a specialist global provider of fund and corporate administration services and regulatory solutions to financial institutions, asset managers, corporates and high net-worth individuals, today announced it has entered into an agreement to acquire the Fund Solutions division of Element 78 Partners LLC ('E78"), a professional services provider headquartered in Chicago. This acquisition, which is subject to regulatory approval, expands Ocorian's presence in the US, a key area of strategic focus for the organization.
Ocorian will combine the E78 Fund Solutions team with its existing global fund services business, which will comprise more than 700 fund services and regulatory & compliance experts once the transaction completes. The E78 Fund Solutions team supports close to 200 alternative investment fund managers (with more than $85 billion in assets under management) throughout their lifecycle, from start to scale, through a diversified range of solutions including Outsourced CFO, Fund Administration, Regulatory Compliance and Tax services. E78 Fund Solutions is able to anchor client relationships from any one of its four service lines, which has enabled considerable growth across its solutions over the past several years.
Chantal Free, Chief Executive Officer at Ocorian, said: 'Our fund services team has grown significantly through our relentless focus on clients, leveraging our unique combination of technology, people and processes. This acquisition is tremendously exciting for us as it significantly expands our offering for US fund managers, broadening the range of services we can provide to fund clients and complementing our current capabilities in regulatory and compliance consulting. The US is an incredibly important region for our clients, who increasingly look to us to support them with globally consistent, expert-led and technology-enabled solutions across the globe. We support our European, Asian and US clients internationally and the expert capabilities of E78 Fund Solutions will enhance our funds proposition in this key region.'
Yegor Lanovenko, Global Co-Head of Fund Services at Ocorian, added: 'E78 Fund Solutions comprehensive suite of CFO advisory, fund administration, tax and compliance services for alternative fund managers, combined with a strong presence in key US segments close to our clients, makes this a great partnership for Ocorian. This transaction significantly expands our fund services offering and scale in the US, allowing us to support managers at all stages of their fund lifecycle. E78 Fund Solutions' approach to simplifying operational, regulatory and strategic complexity for clients aligns with our value proposition and approach to how we partner with Ocorian clients. Working together with the talented E78 Fund Solutions team and deeply experienced executive leadership, we look forward to continuing to support US managers with local expertise while leveraging our global capabilities.'
Vincent Calcagno, Executive Managing Director at E78 Fund Solutions also remarked: 'We are incredibly proud of the Fund Solutions business we have built at E78, and we're excited to have found the right partner in Ocorian, who shares our commitment to serving clients as a trusted business partner. A collective mindset of service excellence, investing in technology, innovation and our most important asset – our team – were also critical. It's why I'm confident that our new partnership will enable us to accelerate our growth ambitions and enhance our value proposition for all our clients, all while enabling us to provide top-tier solutions in more locations. Our colleagues will benefit from our partnership with Ocorian as we are joining an institutional platform that will enable us to continue to lean into our entrepreneurial DNA. Together, we look forward to a future filled with expansive new opportunities and continued success for our clients and people.'
Ocorian is a portfolio company of Inflexion Private Equity. The acquisition of E78 Fund Solutions follows the recent close of Inflexion's £2.3 billion continuation fund – which will continue Inflexion's support of Ocorian's growth plans, including M&A activity.
The transaction is subject to regulatory approval.
Advisors
Ardea Partners LP served as financial advisor to Ocorian. Choate, Hall & Stewart LLP and Latham & Watkins LLP acted as the company's legal counsel.
About Ocorian
Ocorian is a global leader in fund services, corporate and trust services, capital markets and regulatory and compliance support. Ocorian has more than 30 years of experience in fund administration, accounting, investor services and regulated AIFM and depositary solutions and supports managers across all major asset classes of private markets such as private equity, real estate, infrastructure, debt and venture capital. Ocorian manages over 17,000 structures on behalf of 8,000+ clients, including financial institutions, large-scale international organisations and high-net-worth individuals. To find out more, please visit www.ocorian.com.
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