Redefining fund operations: how outsourcing and innovation are reshaping the fund administrator’s role in Jersey

Fund managers raising capital across private equity, venture capital, real estate, or other alternatives face mounting pressure. Compliance now spans multiple regimes, from AML/CFT and SFDR to the latest UK and EU disclosure rules, each demanding specialist attention. Investors, meanwhile, increasingly expect granular, real‑time data and access to digital platforms.

Meeting these demands in‑house is costly and resource‑intensive, especially for managers raising multiple funds across jurisdictions, working to tight fundraising timetables, or moving into new asset classes. It can also introduce operational risk that can stall momentum and erode investor confidence.

The evolving role of outsourced fund administrators

Outsourcing certain functions to a fund administrator can help you overcome these challenges and add value for investors. Along with handling back-office tasks and helping to reduce running costs, the right partner will help protect your brand, expedite closings and build investor trust.

Fund administrators have a role to play that is far beyond execution, providing:

• access to up-to-date transparent reporting that reflects investor expectations
• seamless handling of drawdowns, closings, onboarding and compliance
• operational infrastructure that scales with your strategy
• responsive service delivered as an extension of your team

As an independent firm with a boutique approach, our service delivery is a point of difference. We don’t have the siloes common in large or PE-owned administrators, offering instead an integrated model where a lead director and a multi-disciplinary team oversee the fund.

This means faster response times, fewer handoffs and full visibility across the fund lifecycle, from structuring and formation to investor onboarding, NAV calculation, compliance and audit. This is all supported by market-leading tech that delivers scalability and institutional-grade reporting.

For managers and their advisers, this means every element - from drawdown notices to investor due diligence - can be handled in a joined-up way that supports fundraising momentum and strengthens investor confidence. It also brings greater responsiveness, clearer ownership and fewer delays during critical capital events or regulatory reviews.

Instead of opting for full outsourcing, many GPs choose to opt for a hybrid model where they retain investor-facing functions while outsourcing NAV, compliance and accounting.

This approach gives you greater control over investor relationships, enables internal IP development, and allows you to scale efficiently without compromising regulatory standards.

Asking the right questions

When assessing potential administrators, the key questions are as much about approach as about capability:

• How integrated is the service team?
• Will there be a single point of contact with oversight of the full relationship?
• What technology and reporting options are available, and do they match investor expectations for transparency?
• How will the administrator help maintain — and ideally enhance — investor relationships?

These considerations matter because outsourcing is no longer purely operational. It shapes investor perception, compliance outcomes, and adviser reputations.

Jersey’s regulatory edge for funds

Jersey continues to lead in alternative fund domiciles because of its regulatory agility, strategic infrastructure and deep local expertise.

The enhancements to the Jersey Private Fund (JPF) regime introduced this August, including the removal of the 50-investor cap, faster authorisation, and technical listing options, give managers more flexibility than ever to structure efficiently.

But flexibility is only valuable when execution is reliable and that’s where a good administrator steps in both to process instructions in a timely and accurate manner, and to embed operational discipline, insight and predictability to bolster credibility and speed-to-market.

To find out more about how Praxis works with fund managers and their advisers, contact Gavin.

This article first appeared in the September 2025 issue of Business Brief magazine.

Please note that this article is intended to provide a general overview of the matters to which it relates. It is not intended as professional advice and should not be relied upon as such. Any engagement in respect of our professional services is subject to our standard terms and conditions of business and the provision of all necessary due diligence. © Praxis 2025