Circulate Capital Chooses SS&C for Fund Administration

Rhea-AI Summary

SS&C Technologies Holdings, Inc. partners with Circulate Capital to advance environmental impact goals through fund administration. Circulate Capital, a leading circular economy investment firm, appoints SS&C GlobeOp as fund administrator for its Singapore-based VCC fund and Luxembourg feeder fund. SS&C's expertise and global reach will support Circulate Capital's operations and attract institutional capital for expanding their impact.

Financial Analyst

SS&C Technologies Holdings, Inc.'s collaboration with Circulate Capital represents a strategic move that could enhance SS&C's positioning within the ESG (Environmental, Social and Governance) investment services market. By serving as the fund administrator for Circulate Capital's funds, SS&C is set to benefit from the growing demand for ESG-focused financial services. The partnership underscores the importance of robust fund administration capabilities in attracting institutional capital, particularly as investors increasingly prioritize sustainable and ethical investment criteria.

The provision of anti-money laundering support further emphasizes the comprehensive nature of services that fund administrators must offer to remain competitive. From a financial perspective, this collaboration could potentially lead to an increase in SS&C's revenue streams, given the expanding ESG market. However, it is essential to monitor the operational costs associated with the added complexity of managing ESG-focused funds and the impact on SS&C's profit margins.

ESG Investment Consultant

The appointment of SS&C by Circulate Capital as its fund administrator is indicative of the increasing sophistication required in the ESG investment space. Circulate Capital's focus on the circular economy and its impressive track record in reducing plastic waste and greenhouse gas emissions reflects a maturing market where environmental impact is not only measured but also monetized. This collaboration could set a precedent for how ESG funds operate and report, potentially influencing industry norms and investor expectations.

For stakeholders, the long-term implications may include a more transparent and accountable investment landscape, which could foster greater trust and lead to further capital inflows. However, the challenge lies in maintaining the balance between rigorous impact reporting and operational efficiency. As the ESG investment space evolves, the need for specialized fund administration that can navigate the complexities of impact measurement and reporting will likely become a differentiator among investment management firms.

Market Research Analyst

With SS&C Technologies Holdings, Inc. expanding its services to include fund administration for an ESG-focused firm like Circulate Capital, there is a clear signal that the market for ESG investments is not only growing but also diversifying. Circulate Capital's investments in companies that contribute to the circular economy and its efforts in reducing environmental impact are likely to resonate with a broader investor base, particularly Development Finance Institutions.

As the demand for ESG investment opportunities increases globally, SS&C's role in facilitating these investments could position the company as a key player in this niche market. This collaboration may also reflect broader market trends, where investors are not just looking for financial returns but also for measurable environmental and social impact. The ability of SS&C to meet these complex reporting requirements could be a significant competitive advantage and may influence other service providers to enhance their capabilities in this domain.

Leading ESG investor Circulate Capital appoints SS&C as fund administrator to advance environmental impact Goals

WINDSOR, Conn., March 5, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its latest collaboration with Circulate Capital, a leading circular economy investment management firm in high-growth markets. SS&C GlobeOp will serve as the official fund administrator for Circulate Capital's Singapore-based variable capital company (VCC) fund and its Luxembourg feeder fund and provide anti-money laundering support.

"As an impact investment firm managing multiple funds with many diverse institutional partners, we were looking for a provider with extensive experience administering complex fund structures," said Regula Schegg, Founding Partner of Circulate Capital. "SS&C's extensive expertise in the industry, global reach, and dedicated team will help us ensure our operations are in the best shape to attract more institutional capital and expand our footprint."

Since its inception in 2018, Circulate Capital has been at the forefront of advancing the circular economy, fighting climate change, and preventing the flow of plastic waste into the ocean in high-growth markets. The firm has invested in 16 companies, which have already kept over 260,000 tons of plastic waste in circulation and prevented close to 400,000 tons of GHG emissions. Because Circulate Capital's investor base recently expanded to include several Development Finance Institutions, the firm sought a service provider with deep expertise and flexibility to support various complex reporting requirements.

"We are pleased to work with Circulate Capital at this exciting growth stage," said Ian Kelly, Managing Director, SS&C GlobeOp. "As fund structures in private markets become increasingly complex, SS&C is dedicated to ensuring we can deliver flexible, comprehensive solutions to help our clients operate. We look forward to working with Circulate Capital to help it meet the demand for innovative ESG investment opportunities worldwide."

Learn more about SS&C's private market solutions here.

About Circulate Capital

Circulate Capital is a leading circular economy investment management firm in high-growth markets – with activities and teams in 10+ countries. Partnering with global brands and financial institutions, we transform supply chains at scale by delivering economic, social, and environmental value. Launched in 2018 by supply chain experts and leading corporations - including PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC, and Mondelēz International, the firm is scaling solutions across the recycling and innovative materials value chains. Founded in and originally focused on South and Southeast Asia, the firm now targets untapped opportunities in high-growth markets to spark further development in the emerging circular economy. It expanded its activities into Latin America with the support of IDB Lab, Builders Vision, CP Chem, Dow, Danone, Mondelēz International, and Unilever. Circulate Capital's commitment to protecting the planet, its oceans, and its people enables progress on many of the world's most urgent challenges, including inequality and the climate crisis.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

What is the latest collaboration announcement involving SSNC?

SS&C Technologies Holdings, Inc. partners with Circulate Capital for fund administration to advance environmental impact goals.

Who will serve as the fund administrator for Circulate Capital's VCC fund and Luxembourg feeder fund?

SS&C GlobeOp will serve as the official fund administrator for Circulate Capital's funds.

What type of support will SS&C provide to Circulate Capital?

SS&C will provide anti-money laundering support to Circulate Capital.

How many companies has Circulate Capital invested in since its inception?

Circulate Capital has invested in 16 companies.

What impact has Circulate Capital's investments had on plastic waste and GHG emissions?

Circulate Capital's investments have kept over 260,000 tons of plastic waste in circulation and prevented close to 400,000 tons of GHG emissions.

What does Circulate Capital aim to achieve through its collaboration with SS&C?

Circulate Capital aims to attract more institutional capital and expand its footprint with the help of SS&C's expertise and global reach.