Guernsey Private Equity Fund Administrator Bucks The Economic Trend

Guernsey-headquartered Ipes has bucked the economic trend in the year following its management buyout.

This has included attracting 17 new funds to its administration portfolio.

"The buy-out last year allowed us to restructure the business for further growth," said Kevin Brennan, Chief Executive of the private equity fund administrator.

"Bolstering our senior management team, introducing innovative client management tools and continuing to focus on client service has seen Ipes reaffirm its leadership in fund administration."

The company was founded in Guernsey in 1998.

Mr Brennan said that following the August 2008 management buyout it had continued to prosper in private equity, generating a pipeline of business from new and existing clients, in spite of the global slowdown.