Advanced Fund Administration (AFA), a leading provider of fund administration services to alternative investment managers, is looking to enhance its service offering by teaming up with NewOak Solutions LLC.


NewOak, a provider of valuation, analytics and technology to the structured credit and fixed income markets, will provide periodic valuations and a suite of analytical reporting that will be incorporated into AFA’s service offering to its clients. In addition, NewOak and AFA will jointly develop additional solutions supporting the investment process for managers of complex and illiquid strategies.
"The fund administration landscape has changed quite dramatically and our clients are increasingly investing in more complex strategies such as whole loans, CMBS and asset backed securities," says Peter M O Young, President and Chief Operating Officer of AFA. "AFA is continuously looking for ways to increase our breadth of services across the front, middle and back-office. NewOak’s expertise in providing valuations and analytical reporting further enhances the superior offering currently provided to our clients."
“Our relationship with AFA is very strategic,” says Chad Burhance, Head of NewOak Solutions. “Peter and his team have a proven track record of building innovative solutions for their clients. As the alternative investment industry becomes more mainstream, managers will look for their service providers to assist with the critical infrastructure necessary to run their businesses. We wanted to work with a quality partner who understood that we could add value to their service model, and ultimately provide better value to the client by integrating our analytics and technology within their platform.”
Through the partnership with AFA, NewOak will provide security level pricing, risk analytics and collateral data on complex and illiquid fixed income securities across Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities, other Asset Backed Securities, and individual loans. NewOak will also offer STRATUS to AFA’s clients, which is NewOak Solutions’ proprietary collateral management and loan tracking platform. The system is designed to track all important elements of loans, borrowers and the underlying collateral to help support the evaluation of loan portfolios across Residential, Commercial, Consumer, Student Loans and Life Settlement sectors.
