Alternative asset-focused law firm MJ Hudson will now offer back-office fund services, after it bought investment consultant Allenbridge and fund services provider Tower Gate Capital.
Tower Gate Capital focuses on providing regulatory and operational support to GPs and Allenbridge provides investment advisory services to LPs, including UK pension funds and sovereign wealth funds.
The firm now advises more than 300 asset managers who between them have more than £200 billion ($249 billion; €233 billion) in assets across private equity, venture capital, hedge funds, credit, real estate and infrastructure. It will also advise and provide other services The decision to offer back office and infrastructure services in addition to firm’s existing legal offering was the result of the regulatory and investor pressure on fund managers.
“We have found that emerging managers and small and mid-cap fund managers require more support as regulatory and investor demands continue to increase,” Matthew Hudson, chief executive of MJ Hudson, told sister publication pfm.
The law firm already offers additional services. In Guernsey, the firm launched an international fiduciary team to provide offshore accounting and fund structuring services to GPs and it also set up an investor relations marketing team in the firm’s London office to assist fund managers with PPM writing and investor reporting.