State Street moves into private equity servicing
State Street has expanded its
alternative investments capabilities, creating an offering for private equity servicing. After acquiring Investors Financial Services earlier this year, the company has now acquired Palmeri Fund Administrators (PFA), which provides full-service fund administration exclusively to the private equity industry. State Street has provided hedge fund administration since 2002 and says its institutional customers are increasingly expanding their use of alternativeOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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