Virtua Capital Management, Waypoint Residential, LLC and Peachtree Hotel Group Choose SS&C for Transfer Agency Services

Product sponsors select SS&C to support real estate private placement launches

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Jan 22, 2019, 09:00 ET

WINDSOR, Conn., Jan. 22, 2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that Virtua Capital Management (Virtua), Waypoint Residential, LLC (Waypoint) and Peachtree Hotel Group (Peachtree) have engaged SS&C's transfer agency services.

SS&C's transfer agency services are designed to help companies boost their institutional grade service, provide unmatched transparency and reduce time-consuming processes around fund administration, subscription and regulatory compliance.

"We are seeing increased momentum with private product launches, and to stay competitive in this space, transparency and scalability are crucial," said Christopher Shaw, Head of Retail Alternatives, SS&C Technologies. "Our model enables new entrants to quickly raise capital while being confident that we will scale with them as they grow. We are excited to partner with Virtua, Waypoint and Peachtree to deliver secure investor recordkeeping and robust broker dealer interfaces."

Capital formation through private placements has increased substantially since the onset of the financial crisis. AI Insight Inc., a leader in alternative investment research, education and compliance documentation, reported that as of November 2018, the maximum offering amount for real estate focused funds was over $2.9 billion. This number is more than four times the total offering of $688 million in 2017.

With more than 90 percent of all retail alternative industry sales data on its platform, SS&C has become the de facto leader in transfer agency services for complex fund structures.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C