GP Fund Solutions obtains regulatory approval for its new office in Guernsey

Private fund administrator and data services provider GP Fund Solutions (“GPFS”) has opened its tenth global office, in Guernsey in the Channel Islands. The office will be led by Damien Fitzgerald, an industry veteran with more than 20 years of experience in private equity and fund administration.

“It’s an honour to lead the GPFS team at this new location, and I’m looking forward to bringing the firm’s well-respected standard of excellence to our clients with Guernsey-based private funds,” said Fitzgerald. GP Fund Solutions Guernsey Limited received approval as a licensed regulated fund administrator from the Guernsey Financial Services Commission (“GFSC”) in June this year.

Based in the United States with headquarters in Latham, New York, GPFS has grown rapidly in recent years. Since 2021, it has added UK offices in London, Brighton, and Southampton, as well as an office in Limerick, Ireland. The company, with more than $85 billion in assets under administration, offers the full suite of fund administration and corporate services, as well as data administration services to private markets closed-ended funds.

“We’re thrilled to have received our regulatory approval as an authorised fund administrator and corporate services provider. We thank the GFSC for an efficient process and look forward to expanding our business in Guernsey” said Ravi Nevile, Chief Commercial Officer of GPFS International. 

“Our new footprint enables us to support our cornerstone client in Guernsey and future clients as we expand our team locally over the coming year,” he added.

At the Guernsey office, located in St. Peter Port, Fitzgerald will be joined by Sergiu Frunze as head of fund accounting and Tevhide Angliss as associate operations controller. The three inaugural GPFS team members in the Guernsey office have experience working together previously and have built out the operations locally.

“Our team here is experienced and extremely talented,” Fitzgerald said. “We’re ready to accelerate GPFS Guernsey’s growth and support our clients. It’s a wonderful opportunity to bring the GPFS culture to the Channel Islands.”