San Francisco-based Standish Management LLC, a provider of specialized fund administration services for managers and general partners of private equity funds, has launched a new office in Chicago. Chris Brewster, who has joined Standish as a director, will lead the firm’s Chicago expansion. Prior to joining Standish, Brewster worked at Northern Trust Hedge Fund Services where he was a vice president.
SAN FRANCISCO, September 15, 2015 – Standish Management, LLC, a provider of specialized fund administration services for managers and general partners of private equity funds, announced today the opening of its new Chicago office. Chris Brewster has joined the firm as a director to spearhead the firm’s expansion in Chicago.
Standish also announced that it now serves more than 400 private equity funds – a significant milestone that demonstrates the firm’s steady growth since its launch in 2007.
“As we pick up larger buy-out funds, Chicago is a natural step for expanding the firm’s geographic footprint. This is a large market for private equity, real estate funds, REITs and fund-of-funds, and as it continues to grow Standish will be able to help general partners accelerate the launch of their funds as well as scale their fund operations rapidly and efficiently. I’m excited to represent Standish as we establish a presence here,” said Brewster.
Brewster has extensive experience in accounting, financial reporting and administration of private equity funds and fund-of-funds. Before joining Standish, he was a vice president at Northern Trust Hedge Fund Services (formerly Citadel Solutions/Omnium), where he led the Financial Control group responsible for the financial reporting of over 200 alternative investment funds. Prior to that, he was a manager at UBS Fund Services (Cayman) Ltd. in the Cayman Islands and he started his career with PricewaterhouseCoopers in the audit department. He is a Certified Public Accountant and earned his B.S. in Accounting and Finance from Indiana University.
Firm Surpasses 400 Fund Milestone
Standish now manages more than 400 funds representing in excess of $35 billion in assets under management. “We are very proud of our success and growth, having doubled the number of funds we serve about every two years, on average. Our sustained growth continues to validate our value proposition,” said Standish Managing Director Robert Raynard.
Standish provides a range of services including web-based financial reporting to limited partners, partnership accounting, capital call and distribution management and performance return calculations. The Standish team of professionals currently serves over 400 funds. Standish plans to expand to other key markets across the U.S. in the near future to meet the growing demand for its highly specialized services.
Standish Management, LLC is a 100% employee-owned company that provides consulting and administration services to private equity funds, venture capital, real estate and fund-of-funds firms. Founded in 2007, Standish is based in San Francisco with offices in Los Angeles, Palo Alto, Boston, Seattle, Dallas, Chicago, Walnut Creek and Woodland Hills. For more information, visit www.standishmanagement.com.