Socium Fund Services, a Suntera Global company, specializing in private equity and private credit fund administration, has partnered with GRMA, the leading provider of SaaS-based and outsourced regulatory and compliance reporting to major asset management firms and endowments, foundations, pensions, and family offices, to power its compliance reporting solution for its private fund clients. The collaboration between Socium and GRMA will combine Socium’s fund administration capabilities with GRMA’s unique SaaS-based technology and extensive experience in producing comprehensive regulatory data and reporting for private investments.
The partnership allows Socium’s clients to have a true turnkey platform for all regulatory reporting that is both seamless and cost-effective. The new offering allows Socium to streamline regulatory workflows for their private fund clients, reducing operational complexities and enhancing efficiency and accuracy in the reporting process. Clients will have access to regulatory XML schema upload files and complete web forms, and all regulatory data delivered with no technology build or requirement to purchase software.
Jason Meklinsky, Chief Revenue Officer at Socium Fund Services, highlights the importance of the partnership for Socium’s clients "Our new compliance reporting platform powered by GRMA will allow asset managers to have a complete solution that gives them a 360-degree view of their regulatory compliance requirements so they can ensure timely completion and filing of required reports. This partnership with GRMA also means that our clients have access to market leading subject matter experts who have advised major regulatory bodies such as the SEC, CTFC, and FCA. We look forward to expanding our service offering to provide clients with a turnkey fund administration solution leveraging best-in-class technology and partners.”
Samuel K Won, Founder and Managing Director of GRMA added, “Socium’s deep knowledge and understanding of the data aggregation and reporting challenges that asset managers struggle with today is what sets them apart. We are thrilled to partner with Socium and assist them in their effort to provide their clients with a comprehensive solution.”
About Socium Fund Services, a Suntera Global company
As a leading Middle Market Private Equity and Private Credit Fund Administrator, Socium Fund Services, a Suntera Global company, offers customized middle and back-office solutions to institutional managers with a consultative service approach. We leverage our scalable and flexible technology stack to provide straight-through-processing for all asset types our clients may invest in. With a US-Based service team that delivers technical accounting expertise, we are well-positioned to help our clients grow through a true partnership model. Learn more about our firm by visiting sociumllc.com.
About GRMA
GRMA is a leading FinTech and advisory firm that works with asset managers and asset owners that collectively manage more than $300 billion in assets. GRMA provides a complete and cost-effective Software as a Service solution (SaaS) for investment data aggregation, data curation and reporting. GRMA’s offering is a comprehensive and turnkey reporting solutions for: regulatory reporting, investor reporting, board/investment committee reporting and risk management/ESG reporting. The solutions for clients include custom reports, dynamic applications/dashboards and secure cloud data storage. In addition, GRMA provides value-added expert advisory services to its clients. GRMA's principals each have over 25 years of senior-level investment and risk management experience at major global financial institutions, asset management firms and in the government. For more information, visit www.grmainc.com.
Contact
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Jason Meklinsky
CHIEF REVENUE & STRATEGY OFFICER
