Alpha Alternatives Enters into an Agreement with Standish Management - a Leading Provider to Alternative Investment Funds
Alpha Alternatives Fund Services (“Alpha”), a boutique fund administration firm for hedge funds and other investment vehicles, is pleased to announce that it has been acquired by Standish Management (“Standish”).
Standish is a leading independent provider of fund administration services to Private Equity, Venture Capital, and Real Estate managers. Founded in 2007, Standish has grown steadily and currently has over $250 billion in assets under administration, administering over 2,500 entities and reporting to more than 30,000 LPs. The transaction will bring new opportunities and additional services to each firm’s clients and provide a service solution for innovative, hybrid fund structures.
Alpha‘s long-standing client relationships and strong entrepreneurial culture are well aligned with Standish’s own emphasis on service excellence. The firm will leverage Standish’s robust infrastructure to serve clients locally by placing people in strategic offices across the country.
Former Rothstein Kass and KPMG Partner, Todd Goldman, will serve as Alpha’s President, taking over the firm’s management and growth strategy from Alpha’s founders, Mitch Little and Arne Rovell. Jasinda Bryden, who is a co-founder of Alpha and currently serves as its Director of Fund Administration, and Anne Dixon, currently a Senior Manager at Standish and a Rothstein Kass alum, will also be joining Alpha. The team brings decades of fund administration, accounting, consulting, and executive leadership experience and a proven track record of growing and leading companies and teams.
Robert Raynard, Founder and Chief Executive Officer at Standish, commented, “Since opening our doors, our objective has been to provide clients with solutions to help facilitate their growth. This means we need to have the systems and expertise to support various fund structures and strategies. Alpha has built an impressive track record of providing high quality, high touch client service to hedge funds. We look forward to working alongside them to contribute to the continued success of our combined teams.”
Todd commented, “I am thrilled to be joining the Standish organization to lead the integration of Alpha. Many of my former colleagues and friends have joined Standish over the years, so I already feel like part of the band. My passion for helping fund managers grow their businesses by developing and launching new products aligns perfectly with my new role. I look forward to working hand-in-hand with the combined teams to deliver dynamic fund solutions for a wide variety of fund structures and strategies.”
The transaction was completed on November 1, 2021. Terms were not disclosed.