Key Takeaways
- • BridgePort, a San Diego-based fintech provider of private markets technology, has partnered with ZEDRA, a global fund administration, corporate and wealth services provider, to build a bespoke digital platform for ZEDRA's fund administration business.
- • ZEDRA administers more than $140 billion in assets under fiduciary administration, services over 1,100 fund managers and reports to more than 15,000 investors across 17 jurisdictions.
- • The platform targets the shift of private fund distribution toward the wealth channel, which ZEDRA and BridgePort cite as requiring infrastructure that can serve thousands of investors rather than dozens of institutions.
- • Per the release, total private market assets are estimated to grow from roughly $20 trillion today to over $32 trillion by 2030, according to Preqin.
- • AI-assisted enhancements to data pipelines, investor onboarding, reconciliations and reporting are planned for upcoming releases.
Summary
BridgePort and ZEDRA have announced a partnership to deliver a new all-digital, fully integrated fund administration platform, according to a BUSINESS WIRE release issued from San Diego. The collaboration combines ZEDRA's multi-jurisdictional fund administration expertise with BridgePort's technology and infrastructure, with the stated goal of future-proofing ZEDRA's infrastructure for private fund distribution that is increasingly flowing through the wealth channel.
ZEDRA, which describes itself as a global provider of funds, corporate and wealth solutions, reports more than $140 billion in assets under fiduciary administration and over 1,100 fund managers serviced. The firm operates more than 30 offices across 17 jurisdictions and has over 20 years of experience. Its clients range from emerging managers to multibillion-dollar operations.
The platform is designed to support fund managers with digital subscriptions and capital transactions, embedded KYC onboarding with continuous screening, branded manager portals with customizable data rooms and digital syndication tools, and centralized dashboards that aggregate investor accounting, data, documents and reporting across applications and jurisdictions.
The release frames the initiative around a structural change in private markets. Citing Preqin's Private Markets Report 2030, the companies state that total private market assets are estimated to grow from approximately $20 trillion today to over $32 trillion by 2030. Andrew Dipkin, Head of Funds, Americas at ZEDRA, said traditional processes designed for 30 to 40 institutional investors do not scale to around 2,000 investors writing $50,000 to $250,000 checks across dozens of advisors, custodians and reporting platforms. BridgePort founder and CEO Christopher Nero said the next phase of growth for fund administrators depends on infrastructure rather than simply headcount.
BridgePort describes its technology as agnostic and digital, serving RIAs, OCIOs, fund managers, ATS platforms, administrators, diligence providers and liquidity providers. The release does not disclose financial terms of the partnership or a timeline for the platform's full rollout.
ZEDRA, which describes itself as a global provider of funds, corporate and wealth solutions, reports more than $140 billion in assets under fiduciary administration and over 1,100 fund managers serviced. The firm operates more than 30 offices across 17 jurisdictions and has over 20 years of experience. Its clients range from emerging managers to multibillion-dollar operations.
The platform is designed to support fund managers with digital subscriptions and capital transactions, embedded KYC onboarding with continuous screening, branded manager portals with customizable data rooms and digital syndication tools, and centralized dashboards that aggregate investor accounting, data, documents and reporting across applications and jurisdictions.
The release frames the initiative around a structural change in private markets. Citing Preqin's Private Markets Report 2030, the companies state that total private market assets are estimated to grow from approximately $20 trillion today to over $32 trillion by 2030. Andrew Dipkin, Head of Funds, Americas at ZEDRA, said traditional processes designed for 30 to 40 institutional investors do not scale to around 2,000 investors writing $50,000 to $250,000 checks across dozens of advisors, custodians and reporting platforms. BridgePort founder and CEO Christopher Nero said the next phase of growth for fund administrators depends on infrastructure rather than simply headcount.
BridgePort describes its technology as agnostic and digital, serving RIAs, OCIOs, fund managers, ATS platforms, administrators, diligence providers and liquidity providers. The release does not disclose financial terms of the partnership or a timeline for the platform's full rollout.
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