Arlington, Texas — March 24, 2026 — First Rate, a global partner delivering innovative technology solutions, services, and data insights for wealth and asset managers, today announced the launch of Fund Administration Service for Alternative Asset Managers through its First Rate Vantage platform. The new offering provides private capital managers with a technology-enabled, relationship-driven fund administration solution designed to streamline operations, enhance investor reporting, and support scalable growth.

As private capital markets continue to expand and investor expectations increase, fund managers face growing operational complexity. First Rate’s new service addresses these challenges by providing integrated support across accounting, reporting, and administrative workflows, helping firms improve accuracy, efficiency, compliance and transparency while maintaining control of their investor relationships.

Unlike traditional standalone fund administration providers, Fund Administration Service through Vantage is designed to work seamlessly within the technology environment managers already rely on, reducing data silos and simplifying operational processes from capital calls to investor communications.

“Private capital managers today need more than just service providers, they need partners who understand both technology and operations,” said Karthik Thanikachalam, Senior Technical Product Manager, First Rate Vantage. “By integrating fund administration directly within the Vantage platform, we’re helping firms streamline critical processes while improving the transparency and reporting that their investors expect.”

The offering is intentionally designed as an operational enhancement for general partners (GPs), helping firms strengthen their back-office infrastructure while maintaining the flexibility to operate and scale in ways that align with their strategy and investor needs.

“The First Rate Vantage product was built with security and compliance at its core, as evidenced by achieving exception-free SOC 2 audit results for several years now. The new Fund Administration Service through Vantage was developed in conjunction with the Information Security Director and Chief Compliance Officer’s security requirements, extending the security-first nature of the Vantage platform,” said Jay Anthony, Chief Compliance Officer, First Rate.

The service combines configurable fund administration support with high-touch client engagement, allowing firms to tailor the level of operational support based on fund structure, size, and complexity. Dedicated specialists work directly with clients to ensure a smooth onboarding process and ongoing operational guidance.

Key benefits of the offering include:

• Integrated platform experience: Fund administration services embedded directly within the First Rate Vantage ecosystem
• Centralized service model: A single, coordinated point of contact across technology and administration, simplifying vendor management and communication.
• Pre-launch to post-close support: Guidance and operational support from fund formation through ongoing administration, helping managers launch with confidence.
• Operational expertise: Experienced professionals supporting accounting, reporting, and administrative workflows
• Improved transparency and investor communication: Reliable, timely reporting that strengthens investor trust
• Scalable support models: Flexible service structures that evolve alongside fund growth and strategy
• Enhanced data accuracy and compliance readiness: Standardized processes designed to reduce manual errors and improve oversight

The new service is particularly valuable for emerging and mid-market private capital managers, who often require scalable infrastructure as they launch new funds or expand their investor base.

Demand for modern fund administration continues to rise as managers seek to reduce internal administrative burden, improve operational efficiency, and meet increasingly sophisticated investor expectations. 

First Rate Vantage is set to launch five new offerings in April 2026: Fund Administration Services, Modern Investor Portal, and three AI-powered solutions designed to streamline investment operations.

• Vantage Insight - We’re pleased to unveil the newly refreshed, modern and thoughtfully redesigned Investor Portal.
• Vantage “ArtIE” Data Orchestration Service automates document collection and processing by leveraging Vantage’s proprietary small language model “ArtIE” to extract key data, seamlessly sync with accounting and reporting systems, and proactively flag discrepancies and reminders.
• Vantage EZVZ simplifies deal flow management by parsing pitch decks, extracting relevant data, and offering an AI chatbot for querying documents and meeting notes.
• Vantage AI Due Diligence Platform automates the DDQ process end-to-end, enabling investors and fund managers to seamlessly upload, respond to, and analyze due diligence questionnaires within a unified AI-driven environment. The platform compares responses against source documents and DDQs, generates investment memorandums, and includes an AI-powered chatbot for real-time insights. It also incorporates financial modeling capabilities and provides access to LP-validated fund data, delivering a comprehensive, data-driven approach to investment due diligence.

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