Standish Management Expands Portfolio with CORE Acquisition

Standish Management's Strategic Acquisition of CORE-CCO

Standish Management, LLC, a leading provider of fund administration services to alternative capital funds, has successfully acquired CORE-CCO Services, LLC, a firm renowned for its compliance expertise in the private fund industry. Following the acquisition, CORE will transition to be known as Standish Compliance Services, strengthening Standish’s position in the market.

Growing Partnership and Leadership Investments

Having been an investor in CORE since 2021, Standish has now elevated its involvement by securing a majority stake in the company. Bob Raynard, CEO of Standish, expressed confidence in this new phase of collaboration, stating, “CORE has been an excellent partner. This acquisition allows us to enhance our services and expand our market reach, leveraging the comprehensive resources of Standish.”

New Leadership Enhancements

The newly branded Standish Compliance Services will feature experienced industry veterans Robert Stype and Dan Smith in pivotal roles as Chairman of the Board and President, respectively. Co-founder Kimberly Garber will continue as CEO, and all co-founders of CORE will remain shareholders in Standish Compliance Services.

Profiles of the Leadership Team

Robert Stype and Dan Smith bring a wealth of compliance knowledge with their extensive backgrounds in private fund markets. Stype, a former co-founder and CEO of ACA Compliance Group, has a rich history in compliance, including experience as a Branch Chief at the SEC. Smith also held significant roles at ACA Compliance Group and the SEC, underscoring a strong foundation in regulatory matters.

Adding to the Expertise

In addition to Stype and Smith, Maryellen Maurer has joined the leadership team, enhancing the firm’s capabilities. With 30 years in regulatory compliance, Maurer’s prior roles include a senior position in the SEC's Private Funds Unit and senior vice president at Blackstone Life Sciences. Her extensive experience is poised to elevate the services provided to clients.

Shared Values and Market Goals

In discussing the partnership with Standish, Kimberly Garber emphasized a shared commitment to delivering exceptional service. “We are eager to collaborate with proven leaders like Rob, Dan, and Maryellen. Their expertise adds significant value, enabling us to offer high-quality services to a broader client base,” she noted.

Enhancing Compliance Services

Robert Stype highlighted that these changes signify Standish’s dedication to strengthening the leadership team within Compliance Services. With additional expertise from former ACA Compliance Group founders and executives joining as shareholders, the firm’s depth in the compliance consulting landscape is notably enhanced.

About Standish Compliance Services

As Standish Compliance Services, the company aims to continue its tradition of developing comprehensive compliance programs tailored to private fund managers. Since its establishment in 2011, CORE has partnered with a wide array of funds, leveraging a team that includes former SEC regulators and seasoned compliance professionals. This strategic acquisition paves the way for enhanced support and guidance to clients, who manage over $100 billion in assets.

About Standish Management

Standish Management is recognized as an employee-owned global provider of specialized fund administration services tailored for Managers and General Partners of various Private Equity Funds, including Venture Capital and Real Estate. Established in 2007, the firm has significantly expanded, now employing over 1,000 professionals serving a diverse client base of more than 600 clients and overseeing over 4,000 funds, with assets totaling over $500 billion. Headquartered in San Francisco, Standish has established major offices across key locations, including New York, London, and Miami, to provide its extensive range of services.

Frequently Asked Questions

What was the goal of Standish's acquisition of CORE-CCO?

The acquisition aimed to enhance Standish's compliance services by rebranding CORE-CCO to Standish Compliance Services, effectively broadening their service offerings in the private fund market.

Who will lead Standish Compliance Services?

Robert Stype has been appointed as the Chairman of the Board, Dan Smith as President, and Kimberly Garber continues as CEO of the newly branded Standish Compliance Services.

What experience do the new leadership team members bring?

The new leadership team includes industry veterans recognized for their expertise in compliance, particularly within private fund markets, boasting extensive backgrounds that include leadership roles at regulatory bodies and compliance firms.

How does this acquisition affect CORE's existing clients?

Existing clients of CORE will now benefit from expanded resources, enhanced compliance programs, and a more comprehensive support structure provided by Standish Compliance Services.

What is the historical context of CORE-CCO?

Founded in 2011, CORE-CCO has built a strong reputation for developing high-quality compliance programs and has worked with significant private equity funds across varied sectors, representing over $100 billion in assets.

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