Ultimus Chosen by Solar Capital

Nov 09, 2015

Ultimus Fund Solutions Chosen by Solar Capital to Provide Operational Support for Firm’s Product Lineup,

Firm Leverages Ultimus’ Expertise to Optimize Operations and Support Broader Growth

CINCINNATI, OHIO – NOVEMBER 9, 2015 Ultimus Fund Solutions, LLC (Ultimus) announced today that it has been selected by New York City-based Solar Capital to provide fund accounting support for the firm’s Business Development Companies (BDCs) as well as middle and back office support for its growing Separately Managed Accounts (SMA) business. Solar will utilize Ultimus’ depth of experience and technology to add efficiencies to the firm’s fund accounting and reporting for complex investment classes, including middle market senior secured loans. This is the latest win for Ultimus as it continues to establish itself as a leader in customizable middle- and back-office solutions for investment managers.

Under the terms of the agreement, Ultimus will provide fund accounting for Solar Capital’s funds, including certain processing services related to bank debt investing. Ultimus will also provide fund accounting and other middle office services to support Solar’s SMA accounts. Solar chose Ultimus because of our firm’s ability to take on complex offerings and develop tailored middle and back office solutions that facilitate operational efficiencies.

“It was clear when they came to us, that Solar had complex needs and considerations,” said Kirk Littleton, Director of Business Development at Ultimus. “We were able to quickly demonstrate our expertise and meet their unique requirements. We look forward to continuing our relationship and being a part of Solar Capital’s overall growth plans.”

“We have multifaceted accounting needs within unique fund structures that possess distinct operational complexities. This led us to choose an expert with significant experience,” said Richard L. Peteka, CFO of Solar Capital. “Ultimus was diligent in understanding our company’s needs and offered effective solutions that allow us to maintain our high standards.”

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About Ultimus Fund Solutions

Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to small-and medium-sized investment advisers. Ultimus offers mutual fund startup and organization services, fund administration, fund accounting, transfer agent and distribution services for both open-end and closed-end funds.

Ultimus’ middle office service solution encompasses managing the technology infrastructure and operations required to manufacture the data needed for front office decision support platforms and enabling delivery of comprehensive reporting to advisers, investors, and regulators. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of industry experience.

For more information, visit www.ultimusfundsolutions.com.

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DISCLOSURE: Information contained on this website is based on public data, historical agreements and dialogue with intermediaries. Such information represents our current understanding of the described platforms and the costs associated with them. In many cases, such costs may be negotiable. All pricing and fee information is subject to change without notice.

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