For Immediate Release
Värde Partners Appoints SS&C for Fund Administration Mandate
WINDSOR, CT, January 25, 2018 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the signing of a new client, Värde Partners, a $13 billion global alternative investment firm. SS&C’s fund administration business, SS&C GlobeOp, will provide operational and fund administration services and related technology applications to several strategies and funds.
“Värde is committed to leveraging technology to digitize processes, support controls, and empower our organization with data.” said Brendan Albee, Chief Operating Officer and Senior Managing Director, Värde Partners. “We are also keenly focused on partnering with service providers who can complement our efforts to meet the needs of our investors. We selected SS&C GlobeOp as our partner because of their unique combination of customized services and integrated technology solutions.”
After a competitive due diligence process, Värde chose SS&C GlobeOp for its proven services aimed at complex, hybrid structures.
“We are pleased to be selected for such a prestigious mandate by Värde” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We view this deal as a validation of the investments in technology and expertise we’ve made in our fund administration business, including the process automation of complex entities and hybrid fund structures.”
About Värde Partners
Värde Partners is a $13 billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including corporate credit, real estate, specialty finance, mortgages, energy and transportation. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs more than 280 people globally with regional headquarters in Minneapolis, London and Singapore.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.
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