Ocorian, a C.I.-based provider of fund and corporate administration services and regulatory solutions has entered into an agreement to acquire the fund solutions division of Element 78 Partners LLC (E78), a professional services provider headquartered in Chicago. This acquisition, which is subject to regulatory approval, expands Ocorian’s presence in the U.S.
Ocorian will combine the E78 fund solutions team with its existing global fund services business, which will be comprised of >700 fund services and regulatory & compliance staff. The E78 team supports close to 200 alternative investment fund managers with a range of solutions including outsourced CFO, fund administration, regulatory compliance and tax services.