SAN FRANCISCO--(BUSINESS WIRE)--Standish Management, LLC, the leading independent provider of fund administration services to alternative capital funds, today announced it has completed the acquisition of CORE-CCO Services, LLC (“CORE”), a specialty compliance firm focused on the private fund industry. Following the acquisition, CORE will be rebranded as Standish Compliance Services.
Standish has been an investor in CORE since 2021 and with this transaction increases its ownership to a majority stake. “CORE has been a terrific partner to Standish since our initial investment nearly four years ago. This transaction will enable us to more closely collaborate with the team, expand our capabilities and footprint, and leverage the resources of the broader Standish platform,” commented Bob Raynard, CEO of Standish.
New Additions Strengthen Veteran Leadership Team
Industry veterans Robert Stype and Dan Smith join the newly branded Standish Compliance Services as Chairman of the Board and President, respectively. Co-founder Kimberly Garber will remain CEO of the company. Following the transaction, the co-founders of CORE, Robert Stype, Dan Smith, and Standish will all be shareholders of Standish Compliance Services.
Robert Stype and Dan Smith are long time compliance experts with significant expertise in private fund markets. Stype was co-founder and CEO of ACA Compliance Group and prior to that served as a Branch Chief at the SEC. Smith was previously a Partner and Co-Head of the Regulatory Compliance business for ACA Compliance Group. He also previously worked at the SEC.
The company also announced the addition of Maryellen Maurer to the senior leadership team.
Maurer brings 30 years of regulatory and compliance industry experience, most recently serving as a senior member of the SEC’s specialized Private Funds Unit. She previously served as a Senior Vice President with Blackstone Life Sciences and was Deputy Chief Compliance Officer for TPG.
“We are excited to have found a partner in Standish who shares our values and is similarly focused on providing exceptional service,” said Garber. “We are also thrilled to welcome Rob, Dan, and Maryellen to the team. These veteran leaders will deepen our bench, working together with our existing team to provide proactive, high touch expertise to more clients in more markets.”
Stype noted, “These additions to the Compliance Services leadership team are representative of the quality and depth of the Standish organization.” Stype further indicated that “other former ACA Compliance Group founders and executives will also be shareholders, significantly augmenting the firm’s breadth of experience in the compliance consulting market.”
About CORE-CCO
CORE-CCO has extensive experience partnering with private fund managers to build high quality compliance programs. Founded in 2011, CORE is comprised of a team of former SEC regulators, certified AML/KYC specialists, and seasoned private fund, regulatory and compliance experts, and works with leading and emerging private equity funds, venture capital funds, real estate funds, credit funds, energy and infrastructure funds, hedge funds, and specialty wealth managers with over $100 billion in assets under management.
About Standish Management
Standish Management is an employee-owned global provider of specialized fund administration services for Managers and General Partners of Private Equity Funds, including Buyout, Venture Capital, Energy/Infrastructure, Real Estate and Fund-of-Funds. Founded in 2007, Standish has grown to more than 1,000+ employees serving 600+ clients and 4,000+ funds. Standish has over $500 billion in assets under administration. Standish is based in San Francisco with major offices in Boston, New York, Dallas, Los Angeles, Chicago, London, Seattle, Silicon Valley, Denver, Austin, Raleigh, Luxembourg, Cayman Islands, Miami and Portland.
For more information, visit www.standishmanagement.com.
