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NAFAA welcomes new members

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Stone Coast Fund Services, Basiz Fund Services and North Street Global are the latest firms to join the North American Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry.

“The alternative fund administration industry is transforming and administrators recognize that NAFAA presents an opportunity to collaborate to address how these changes might affect their business strategies,” says founding director, Chris Meader (pictured). “We are thrilled that Stone Coast, North Street Global and Basiz have decided to join to help strengthen the efforts of the association to advance the alternative fund administration industry.”
 
Stone Coast Fund Services’ staff of 180 serve USD65 billion in fund assets from its headquarters in Portland, Maine. Stone Coast do not typically advertise or prospect for clients, but follow the motto that “Operations is Sales”. Stone Coast are proud of the fact they perpetually top quality and value rankings and have grown from referrals by satisfied clients. Stone Coast offers the most senior and stable staff of any administrator, averaging 12.3 years of industry experience and annual retention of approximately 94 per cent.
 
Basiz Fund Services provide outsourced fund administration services including NAV Support, financial reporting, tax, regulatory reporting, due diligence and other services to fund administrators. With offices in New Jersey, Singapore, Bahrain and India and over 100 employees, Basiz prides itself on its ability to develop and manage talent resulting in a dedicated and skilled team of executives, managers and support staff that provide excellent customer service. 
 
North Street Global is a full-service alternative asset fund administration firm that services hedge funds, private equity funds, family offices, fund of funds, private credit and more from its offices in New York, Los Angeles and Miami. North Street Global can also provide custom tailored services to complement a funds current administrator. North Street Global is proud to be one of the only administrators to have a capital introductions group that can help its clients succeed financially by assisting them in their capital raising goals. 

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