London, UK: Framework, a specialist provider of middle and back-office technology for private markets, announced today that Luxembourg headquartered fund advisory and administration company Fidupar S.A. has implemented the Framework Core solution to support their investor Services, Fund Accounting, General Ledger, and Reporting functions.

With the explosive growth of private equity and other alternative asset classes across the globe, Luxembourg has proven to be a major hub for alternative investment management firms (AIFMs) to have structures and/or funds domiciled there.

Fidupar, who has seen a surge of interest in its services, identified a need for a technology solution that could deliver enhanced private asset administration and investor servicing capabilities on a scalable platform. After a wide market search for a potential technology partner, Fidupar decided that the Framework Core solution was the natural choice given the comprehensive and integrated functionality available.

Nicolas Montagne, Managing Director of Fidupar, said:

“With increasingly complex client needs including mandate management, and evolving regulatory pressure on administration, governance and risk management we found with Framework a powerful yet flexible solution that will allow us to scale our operations on demand while maintaining a high level of control and transparency.

Thanks to Framework Core, Fidupar can perform all administration functions from investor servicing, transaction processing, portfolio accounting and valuation, general ledger accounting, and fee calculations across different strategies and multi-class assets on a single, secure and open architecture cloud-hosted platform. Framework Core also incorporates robust and flexible reporting capabilities and shareholder services including automated investor communications.

In addition to a favourable legal and tax regime, one of the main draws of Luxembourg is the highly-skilled, multilingual staff who can provide tailor-made services for international clients as are found at Fidupur. This commitment to responsiveness and focusing on the needs of customers was an attribute that Fidupar recognises in Framework too.

Nicolas Montagne, Managing Director of Fidupar, said:

“We chose to partner with Framework not only because of the impressive capabilities their solutions presented during the proof of concept but also the dedication of the team even before we signed. This only showed how committed Framework is in delivering our business needs and becoming a valued business partner of ours.”

Karim Ali, CEO of Framework added:

“We are delighted to welcome Fidupar to the Framework community. We recognise that clients require a proactive and forward-looking partner who understands and supports their current business and operations whilst remaining agile in order to meet the regulatory and operational challenges of tomorrow. In Fidupar we have found a partner who shares in this client-centric focus on what matters most to our clients, their investors and business users.”

About Framework

Framework, founded in 2000, is a specialist provider of middle and back-office technology for private markets. Since being acquired by BRD Investments in 2017, Framework is committed to advancing open, flexible digital solutions for asset owners, managers and administrators and the evolution of private asset funds. A significant number of platform and product enhancements have been undertaken, many specifically to address the current and future requirements of leading sophisticated private asset administrators.

Framework holds a leading position with Development Bank customers in Europe and North America and in particular the UK, and services several industry-leading independent or bank-owned asset managers in Europe and the Middle East.

About Fidupar

Part of the Elate Group, Fidupar was formed at the beginning of 2000 by the contribution of the activity of the financial engineering departments of two major banks in the Luxembourg financial centre.

By focusing on the needs of our customers, we have grown considerably with the deep commitment to our historical values: responsiveness, creativity, commitment, and ambition, while maintaining a high level of ethics.

With multilingual staff specialised in different sectors, we provide tailor-made services for our international clients. Our multidisciplinary teams work in close collaboration with our clients in the realization of their projects

 

For more information on Fidupar:

Contact Person : Frédéric COLLOT

Email : frederic.collot@fidupar.eu

Website: www.fidupar.eu