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Alternative Fund Advisors partners with UMB Fund Services

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UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has been selected to provide services to the AFA Multi-Manager Credit Fund—Alternative Fund Advisors’ (AFA) first registered closed-end interval fund.

UMBFS will provide transfer agency, fund accounting, tax reporting and fund administration for AFA’s fund, while UMB Bank will provide custody services. 

“We are pleased to provide a suite of services to support Alternative Fund Advisors‘ first registered closed-end interval fund,” says Maureen Quill, executive vice president, executive director of registered funds at UMBFS. “In addition to accessing our award-winning fund administration and custody services, Alternative Fund Advisors will be able to take full advantage of our high-touch client service as they continue to grow and evolve their product.”

Alternative Fund Advisors, founded in 2020, was launched with the purpose of offering institutional-quality private investment strategies in a convenient interval fund format to RIAs, family offices, and wealth advisors at private banks.

“From the beginning of our partnership, UMB Fund Services has demonstrated their steadfast commitment to client service by helping us through the challenges associated with launching a closed-end interval fund,” says Marco Hanig, managing and founding principal, CEO at AFA. “We are confident that UMB Fund Services is the right partner to have in our corner for the AFA Multi-Manager Credit Fund.”

This announcement follows UMBFS’ recent selection by Hamilton Lane to provide administration, fund accounting and custody services to certain registered and private funds. UMBFS was also recently chosen to provide services to Bow River Capital’s Evergreen Fund, following its conversion from a private equity to a registered closed-end interval fund.

UMBFS was named Best Interval Fund Administrator in the 2021 Fund Intelligence Operations and Services Awards. In 2020, the Mutual Fund Service Guide ranked UMBFS as the top transfer agency for US registered closed-end funds based on the number of accounts serviced. Private Equity Wire also recognised UMBFS in 2020 as Best Fund Administrator–Technology, while UMB Bank was voted as Best Custodian in 2019.

UMBFS is a subsidiary of UMB Financial Corporation, offering a complete line of products and services to the fund industry, including administration, fund accounting, tax, investor services and transfer agency, distribution* and custody.

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