Centaur primed for 2019 after a record year of growth | Centaur, a Waystone Group Company

Dublin, 15th January 2019

2018 was an excellent year for Centaur Fund Services as the firm hit several milestones and surpassed all of its targets. Each of Centaur’s three business units experienced significant growth – Centaur Hedge Fund Services, Centaur Private Equity Services and Centaur Insurance-Linked Securities (ILS) Services – and the firm is on track for more success in 2019. Below Centaur outlines six of the most important milestones achieved over the past year.

75% INCREASE IN ASSETS UNDER ADMINISTRATION, 100% INCREASE IN ASSETS UNDER DEPOSITARY

After a 50% increase in Assets Under Administration (AUA) in 2017, Centaur’s growth accelerated with a 75% increase in AUA in 2018. During this time, Centaur added significant new business with its AUA passing $27 billion and assets under depositary exceeding $10 billion representing 100% increase in 2018. Centaur currently services 250 funds and 2,000 investors across the globe.

NINE LOCATIONS GLOBALLY SPANNING TWO CONTINENTS

With four new offices opened in 2018 - Canada, Luxembourg, Maynooth Ireland and New Jersey – Centaur has significantly expanded its U.S. and European footprint and is now operating from nine offices worldwide. This expansion is in response to the growing demand for independent fund administration solutions from hedge, private equity and ILS funds.

2018 also saw several significant hires into both the new offices and existing locations, with staff numbers now exceeding 120. 70% of these employees have professional qualifications or are working towards professional qualifications. As a CPA and ACCA approved firm, Centaur places real value on employee training to ensure each member of the Centaur team reaches their full potential.

50% INCREASE IN NUMBER OF CLIENTS

Centaur’s client base jumped by 50% over the past twelve months, from 40 to over 60 clients. These clients include hedge fund, private equity and ILS managers who are turning to Centaur for the necessary skillset to service their funds. With the most experienced team in the industry, backed by robust technology, Centaur is well placed for this number to grow significantly in 2019.

100% CLIENT RETENTION

Ensuring a quality client experience is part of Centaur’s DNA. Centaur works hard to build a ‘client first’ culture throughout the firm. The dedication and achievements of its team ensures an exceptionally high service level is delivered to all clients. This is why Centaur has not lost a client since its inception in 2009 and scored 93% “excellent” level of satisfaction in its most recent Client Satisfaction survey.

50% OF CENTAUR’S CLIENTS HAVE MIGRATED FROM OTHER SERVICE PROVIDERS

Centaur has developed considerable experience in transitioning existing funds onto its platform. Its specialist transition teams are at hand for clients every step of the process.

INVESTMENT IN CENTAUR PRIVATE EQUITYSERVICES

Understanding the importance of this market segment, Centaur has invested heavily in both the technology and team to support Centaur Private Equity (PE). 2018 saw Centaur invest in FIS Investran, the industry leading technology platform. There were also significant new senior management appointments in New Jersey, Bermuda and Ireland along with the opening of Centaur Luxembourg. As a result, Centaur saw a major expansion in its PE business with the on-boarding of funds in each of these locations.

Additionally, Centaur has attracted several credit focused funds in the US and Europe driven by the increasing demand for administrators to deliver a hybrid solution that incorporates elements of both private equity and hedge funds.

Ronan Daly, Founding Partner of Centaur said "Looking back, we have had a fantastic year and we are really excited about 2019. Our products and services are expanding and our client numbers are increasing as we continue to focus on client service and supporting our staff."