Ultimus Fund Solutions has been selected to launch and service the Peachtree Alternative Strategies Fund, a non-exchange traded closed-end fund.
The fund, which originally started as a private fund of hedge funds, converted to a registered 1940 Act investment company, allowing opportunities for additional investors to achieve hedge fund exposure.
Ultimus will provide the fund with the operational capabilities and a full suite of fund services necessary to support the fund’s complex structure, including fund administration and accounting, fund compliance, and transfer agency.
“Non-exchange traded, closed-end, tender offer funds require certain operational knowledge plus high-touch servicing,” says Bob Dorsey (pictured), CEO and managing director of Ultimus. “With our experience in this space, we have the service model in place and the administrative expertise for these products. We’re pleased to be working with the professionals at Peachtree and look forward to helping them grow their business.”
