Rapid growth in both the investor base and the number of underlying investments put significant pressure on the Fund Manager’s internal team.

With fund administration handled in‑house, core staff were spending increasing amounts of time on operational tasks—tracking underlying fund activity, preparing NAVs, and distributing investor statements—rather than focusing on capital raising and investment decisions.

As complexity increased, the team faced:

• Internal resource strain
• Delays in NAV calculations
• Limited third‑party oversight
• Growing distraction from core fund management responsibilities