Key Takeaways
- • ROYC announced a strategic collaboration with PwC Sweden to digitalize the early-phase GP value chain, spanning fund decision-making, legal entity formation, structuring, launch, management and wind-down.
- • PwC Sweden cites a leading position in private equity structuring and fund formation, stating it advises on approximately 40% of the global market for fund formation and related structures.
- • Femke van der Zeijden, Partner at PwC Sweden, will lead the collaboration from PwC's side alongside ROYC's platform development team in Stockholm.
- • The stated goals are shorter time-to-market, reduced manual friction in early-stage workflows, and a better client experience for fund managers in any jurisdiction.
- • The partnership is aimed at translating PwC's structuring expertise into ROYC's platform, which already covers LP onboarding, KYC, capital calls, distributions, shadow accounting and reporting.
Summary
ROYC, a Stockholm-based private equity operations platform, has announced a strategic collaboration with PwC Sweden aimed at accelerating the digitalization of the general partner (GP) value chain, according to a Business Wire release. The partnership combines PwC Sweden's fund formation and structuring expertise with ROYC's platform capabilities. The companies say the shared objective is to compress time-to-market, eliminate manual friction in early-phase workflows and improve the client experience across the full fund lifecycle for fund managers operating in any jurisdiction.
The focus of the collaboration is the early GP value chain: the decision to raise a fund, legal entity formation and structuring, fund launch, ongoing management and wind-down. The release notes that these workflows are where manual processes, disconnected data and fragmented handoffs currently consume significant time, often before the first limited partner is onboarded. PwC states it holds a leading position in private equity structuring and fund formation and advises on approximately 40% of the global market for fund formation and related structures. The workflows being digitalized are described as jurisdiction-agnostic.
Femke van der Zeijden, Partner at PwC Sweden, will drive the collaboration from PwC's side, working closely with ROYC's platform development team in Stockholm. In a statement, she said that the inefficiencies in the early phase are "real and costly" and that the aim is to make PwC's structuring knowledge available through a platform GPs can use from day one. Mathias Leijon, CEO and Co-founder of ROYC, said private equity fund operations are "still largely running on emails, PDFs, and institutional memory," and that PwC's practitioner expertise will help ROYC continue to build out its platform.
ROYC's existing platform covers fund launch, legal entity management, LP onboarding, KYC, capital calls, distributions, shadow accounting and reporting. The release does not disclose financial terms of the partnership, timelines for new product releases, or any commercial arrangement between the two firms.
The focus of the collaboration is the early GP value chain: the decision to raise a fund, legal entity formation and structuring, fund launch, ongoing management and wind-down. The release notes that these workflows are where manual processes, disconnected data and fragmented handoffs currently consume significant time, often before the first limited partner is onboarded. PwC states it holds a leading position in private equity structuring and fund formation and advises on approximately 40% of the global market for fund formation and related structures. The workflows being digitalized are described as jurisdiction-agnostic.
Femke van der Zeijden, Partner at PwC Sweden, will drive the collaboration from PwC's side, working closely with ROYC's platform development team in Stockholm. In a statement, she said that the inefficiencies in the early phase are "real and costly" and that the aim is to make PwC's structuring knowledge available through a platform GPs can use from day one. Mathias Leijon, CEO and Co-founder of ROYC, said private equity fund operations are "still largely running on emails, PDFs, and institutional memory," and that PwC's practitioner expertise will help ROYC continue to build out its platform.
ROYC's existing platform covers fund launch, legal entity management, LP onboarding, KYC, capital calls, distributions, shadow accounting and reporting. The release does not disclose financial terms of the partnership, timelines for new product releases, or any commercial arrangement between the two firms.
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