Sudrania Fund Services Corp (Sudrania), a cloud-computing enabled fund administrator, has acquired the primary assets of Triple Leo Consulting (TLC), a Philadelphia-based fund administrator that specialised in crypto and digital assets fund administration. Terms of the deal have not been disclosed.
TLC founder Mike Quinn joins Sudrania in an advisory role and TLC’s entire staff has joined Sudrania’s growing team. This acquisition makes Sudrania a global market leader in digital assets fund administration with over 150 clients dedicated to crypto assets.
Sudrania’s clients in the crypto and digital assets space utilize Seamless Crypto, a full-scale cloud-based, fund administration platform designed specifically to handle the unique operational needs required to service digital assets. Seamless Crypto delivers daily reports through API integrations with over 100 exchanges and pricing sources. Seamless Crypto delivers a full end-to-end solution for managers and investors investing in digital assets strategies including high frequency, indexing, arbitrage, crypto ETFs, decentralised finance, blockchain ventures, and digital asset SPVs. Sudrania is investing in the digital assets fund administration space while also establishing a formidable presence in traditional alternative investment products, specifically hedge funds and special purpose vehicles. Sudrania currently serves over 350 clients globally.
Nilesh Sudrania, CEO of Sudrania Fund Services, says: “Digital assets funds will benefit tremendously from the powerful combination of institutional infrastructure, technology, and the high-touch professional services approach. We are pleased that as a unified firm all digital assets clients will benefit directly from our dedicated crypto fund cloud-technology solution, Seamless Crypto.”
Mike Quinn, Founder and CEO of Triple Leo Consulting, adds: “My vision was always to offer best-in-class services and solutions to clients where speed to market and accuracy are imperative. I am excited that our combined clientele will benefit from Sudrania’s technological leadership position, as the next chapter of this mission comes to fruition.”
Harsha Patwardhan, SVP of Sudrania Fund Services, adds: “We welcome the TLC team to the Sudrania family. Our collective industry knowledge, robust technology and experienced personnel make this acquisition a winning combination for both fund managers and investors.”
