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Socium Fund Services 1Q24 Newsletter

New year, another busy season. 

Similar to years past, we have spent most of the first quarter busy with our heads down, working hard so that our clients meet their audit and tax deadlines. With only one more month of busy season to go, we are setting our sights on what’s next for Socium. 

This past quarter, we announced two new partnerships that expand our offering, creating a one-stop solution for clients’ back-office needs.  In March, we announced a partnership with GRMA, Inc. to provide a turnkey compliance reporting solution for private funds. In February, we announced our partnership with Hedgebay Securities, a premier provider of tailored secondary market liquidity solutions for GPs and LPs. We are thrilled to be able to expand our service offering to enable our clients to focus on growth. Stay tuned for additional announcements regarding new partnerships. 

We are also proud to share that Suntera Global has been named a finalist for The Drawdown Awards in the category of Fund Administration—Under $50B total AUA. We’ll learn in June whether we won the award. 

Our European counterparts have been active in the market, sharing insights on key topics affecting European private fund managers. Keep reading to see what they have to say. 

Thank you for being a part of the Socium story. Please reach out to us with any questions. 

Beth and Michael

New Partnerships 

Secondary Transaction Platform for GPs and LPs 

Provided by Hedgebay Securities LLC 

We are thrilled to offer our clients access to a customizable platform for secondary liquidity transactions through a partnership with Hedgebay Securities LLC. The platform provides both GPs and LPs access to the secondary market, solving their liquidity needs. 

Learn more about the offering here

Regulatory Compliance Reporting 

Powered by GRMA, Inc. 

Through a partnership with GRMA, Inc. Socium is able to offer private fund managers a turnkey regulatory compliance reporting solution delivered through a dynamic SaaS-based platform offering managers efficiency and scale. Now, Socium can help fund managers with the completion and filing of various regulatory reports including, Form PF, Form ADV, Form 13D, and more. 

Learn more here

The SEC’s Marketing Rule

The SEC’s new Marketing Rule may seem complex, leaving fund managers with uncertainty on what they can and cannot do. Trillium breaks down the new Marketing Rule, including the February 6th amendment related to the presentation of Gross and Net IRR performance.  

In the February 6th Marketing Compliance FAQ, the SEC clarified that advisers should show unlevered net IRR in order to be fair, clear, and non-misleading. Of course, comprehensive disclosures should accompany any presentation of performance, especially given the nuances involved. 

Download Trillium’s insights here

Suntera Global News 

Thought Leadership

In February, Ian Horswell, Head of Business Development, Europe, shared insights on how private equity is gaining momentum as ‘Private Capital is Taking Centre Stage’ as well as the ‘Anticipated Upside in Real Estate’ and what lies on the horizon for the asset class. 

Additionally, Ian shared thoughts on why Jersey and Guernsey stand out as compelling jurisdiction options for South African fund managers. Listen here


We are proud to share that Suntera Global has been shortlisted for The Drawdown Awards under the category of Fund Administration – Under $50B total AUA. Be on the lookout in June when the award winners are announced. 

Upcoming Event

Suntera Global will be attending the Guernsey Funds Forum 2024 as Exhibitor Partner on May 15, 2024. If you plan to attend, please reach out to Ian Horswell. 

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