SS&C Technologies came out at the top of 2018’s most active private equity and debt fund administrators, according to eVestment’s Alternative Fund Administration Survey.
Of the 26 fund administrators that responded to the survey, SS&C had the highest private equity and debt assets under administration in 2018, with just over $550 billion. It was followed by State Street, with $384 billion, and SEI, with $327.5 billion. Overall, it seems to have been a good year for fund administrators —17 of the respondents experienced a growth in private equity and debt AUA from 2017, with the median firm growing by 11.4 percent.
Firms use different metrics to measure AUA, with some counting committed capital, some invested capital, some combining invested and remaining committed and some gross asset value.