{"id":6541,"date":"2025-10-30T17:17:15","date_gmt":"2025-10-30T17:17:15","guid":{"rendered":"https:\/\/alterdomus.com\/?post_type=insights&p=6541"},"modified":"2025-10-31T19:08:05","modified_gmt":"2025-10-31T19:08:05","slug":"when-to-migrate-a-private-equity-fund-and-how-to-do-it","status":"publish","type":"insights","link":"https:\/\/alterdomus.com\/insight\/when-to-migrate-a-private-equity-fund-and-how-to-do-it\/","title":{"rendered":"When to migrate a private equity fund and how to do it"},"content":{"rendered":"\n
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Analysis<\/p>\n\n\n

When to migrate a private equity fund and how to do it<\/h1>\n\n\n

Alter Domus has supported a wide range of private equity fund migrations globally, building up a deep bank of internal expertise and track record that private equity managers can rely on when \u00a0changing administrators.<\/em><\/p>\n\n\n\n

In this guide Alter Domus shares its insights into why private equity firms are migrating funds in greater numbers and the technology and operational capabilities private equity firms are looking for when changing administrator.<\/em><\/p>\n\n\n\n

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October 2, 2025<\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div>\n\n\n\n

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The operating context for the private equity manager has completely transformed during the last decade and many firms are preparing to migrate their funds as a result.<\/p>\n\n\n\n

Buyout firms are now managing US$4.7 trillion of assets and holding almost twice as many portfolio companies in their funds than in 2019, according to Bain & <\/em>Company<\/i><\/a> fig<\/i>ures.<\/p>\n\n\n\n

With the buyout industry operating on a completely different scale than 10 years, the demands on the buyout back office have inevitably intensified. This not just because GPs are now responsible for shepherding a larger number of funds, shepherding bigger portfolios, and executing a higher volume of deals. Managers also have to comply with higher investor and advisor demands when it comes to the granularity and timeliness reporting.<\/p>\n\n\n\n

The evolution of deal structures, which now include co-investments and continuation vehicle transactions, have placed further workloads on private equity operations, as have the increasing use of fund finance and the growth of the non-institutional investor base.<\/p>\n\n\n\n

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Time for a change: when to migrate funds<\/strong><\/strong><\/h3>\n\n\n\n

The increasing complexity and sophistication of the private equity business means that buyout managers are now facing an operational inflection point, where the relatively simple operating infrastructure that has served the industry so well for so long now requires an upgrade.<\/p>\n\n\n\n

Similarly, long-standing outsourcing partnerships, where outsourcers were only required to provide quarterly fund reports, could now also require a refresh.<\/p>\n\n\n\n

It is in this context that a series of trigger points are emerging for buyout managers to take the leap and migrate funds. This is not a decision to be taken lightly \u2013 fund migrations are complex, demanding projects that can be at risk of costing more and taking longer than anticipated \u2013 but many private firms are now approaching a point where delaying a migration can\u2019t be put off any longer.<\/p>\n\n\n\n

Why managers migrate funds<\/strong><\/strong><\/h3>\n\n\n\n