Gemini Companies Create Single Point of Access for Entering New Markets

HAUPPAUGE, N.Y., Feb. 24, 2015 /PRNewswire/ --

• The Gemini Companies are individual service firms that possess expertise in fund administration, accounting, technology, compliance and reporting.
• Firms focus on helping investment companies broaden distribution of mutual funds, hedge funds and funds on managed account platforms.
• Three entities under the Gemini Companies umbrella collectively have over 30 years of experience in the investment universe, and are backed by NorthStar Financial Services Group and TA Associates.

Investment companies seeking to bring pooled investment vehicles into new markets can now obtain multiple solutions for their products through a single point of access—The Gemini Companies. This new umbrella entity makes it easy for investment companies to expand distribution for mutual funds, hedge funds and funds on managed account platforms.

"We are pleased to offer a single platform for fund managers to obtain the services they need to launch, grow and distribute their pooled investment products," said Andrew Rogers, Chief Executive Officer of The Gemini Companies. "Since all of the Gemini Companies' firms have the same goal—to help investment companies find additional distribution channels they may not have thought of previously—we took the proactive and logical step of combining all our expertise and resources under one banner."

The Gemini Companies (http://www.thegeminicompanies.com) consist of three individual service firms with teams that bring expertise in fund administration, accounting, technology, compliance and reporting:

• Gemini Fund Services, LLC (Gemini Fund, http://www.geminifund.com) focuses on helping investment companies bring mutual funds to market, and provides comprehensive administration, accounting, distribution and transfer agent services to facilitate growth of assets under management.
• Gemini Hedge Fund Services, LLC (Gemini Hedge, http://www.geminihedge.com) works with hedge fund managers to meet the requirements of regulators and investors, offering middle- and back-office administration, comprehensive financial reporting, real-time portfolio valuations and all aspects of investor services.
• Gemini Alternative Funds, LLC (Gemini Alt, http://www.geminialt.com) operates an open-architecture managed account platform for investors and fund managers. The firm's platform enables managers to access multiple distribution channels and obtain operational efficiencies, and gives investors the ability to open a single account through which they can choose from a wide variety of alternative investments.

The three firms comprising The Gemini Companies collectively have more than 30 years of experience in the investment universe, and are part of NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries that manage and service financial assets. NorthStar has nearly 700 employees and more than $275 billion in assets under management and administration, and each of its companies offers unique services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance. TA Associates, a leading global growth private equity firm, recently signed a definitive agreement to acquire a majority interest in NorthStar and its nine subsidiaries, including Gemini Fund, Gemini Hedge and Gemini Alt. NorthStar's management team will remain significant owners following the transaction, which is expected to close in the second quarter of 2015.

"At The Gemini Companies, we are students of the marketplace who strive to provide outstanding service and opportunity to investment companies in all environments," said Mr. Rogers. "The backing and expertise from TA Associates and NorthStar enhance our ability to take the complexities out of entering new markets by making it possible for us to continue to make substantial infrastructure investments and add great people throughout our organizations."

The Gemini Companies management team will remain unchanged after the transaction closes, and the firms continue to add new talent. Hugh Herndon has joined Gemini Fund as Assistant Vice President of Business Development. He works with fund managers and mutual fund groups throughout the U.S. to convert mutual funds from other service providers to Gemini Fund, Gemini Hedge and other NorthStar subsidiaries. Mr. Herndon was previously Senior Vice President of Fund Services at U.S. Bank.  

In an effort to continue to improve service for clients and expand the distribution channels available to them, The Gemini Companies have restructured their sales teams. Skyler Steinke, formerly Assistant Vice President of Business Development overseeing the Southern region at Gemini Fund, is now the Internal Wholesaler for Gemini Hedge, while still focusing on managers launching mutual funds in Texas for Gemini Fund. The Gemini Companies will hire an External Wholesaler for Gemini Hedge.

Jace Schuppan and Chris Walker, Assistant Vice Presidents of Business Development at Gemini Fund, will continue in their duties as External Wholesalers for the firm, and Kyle Thorberg will continue as an Internal Wholesaler. Mr. Thorberg will work alongside Matt Swartz, who recently joined Gemini Fund as an Internal Wholesaler from a NorthStar subsidiary, Orion Advisor Services, LLC.

About The Gemini Companies

The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products. The individual service firms within The Gemini Companies were built on innovation, client partnerships and service, and their teams possess expertise in fund administration, accounting, technology, compliance and reporting.

Gemini Fund Services, LLC helps bring mutual funds to market, providing comprehensive administration, accounting, distribution and transfer agent services. Gemini Hedge Fund Services, LLC provides middle- and back-office administration, real-time portfolio valuations, comprehensive financial reporting and a full spectrum of investor services to help hedge fund managers meet the requirements of investors and regulatory bodies. Gemini Alternative Funds, LLC offers managed account platforms that enable fund managers to access multiple distribution channels and obtain operational efficiencies, and allow accredited investors to pick from a multitude of alternative investment strategies through a single account.

The Gemini Companies are backed by parent company NorthStar Financial Services Group, LLC. For more information, please call (855) 891-0092 or visit www.thegeminicompanies.com.

Important Disclaimer - Alternative investment products, including hedge funds and managed futures, involve a high degree of risk.  Alternative investment products can be volatile and an investor could lose all or a substantial amount of his or her investment

6282-GFS-2/17/2015

CONTACT: Jami Schlicher
                 JCPR
                 (973) 850-7309
                 [email protected]

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SOURCE The Gemini Companies

Related Links

http://www.thegeminicompanies.com

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