Ultimus Selected by BP Capital Fund Advisers

Sep 08, 2015

Ultimus Adviser Solutions Selected by BP Capital Fund Advisers to Provide Middle Office Services for Firm’s Institutional SMAs,

Firm to leverage Ultimus technology, operational expertise and deep industry knowledge to expand product offering

CINCINNATI, OHIO – SEPTEMBER 8, 2015 Ultimus Fund Solutions, LLC (Ultimus) announced that its Adviser Solutions group has been chosen by Dallas-based BP Capital Fund Advisers (BP Capital TwinLine) to provide a full suite of middle-office services for the firm’s institutional BP Capital TwinLine Separately Managed Accounts. By leveraging Ultimus’ depth of operational knowledge and industry-leading technology, the BP Capital TwinLine team will be able to focus on its core business functions while diversifying its product offering. BP Capital TwinLine is the latest firm to join the growing middle office outsourcing trend, as advisers look to gain efficiencies and access expertise without tying up critical internal resources or licensing and operating expensive technologies.

Under the terms of the agreement, Ultimus will provide BP Capital TwinLine with a comprehensive suite of middle-office services including trade processing, a daily investment book of record, investor reporting and billing and performance calculation services. Ultimus was chosen among some of the most recognizable providers in the industry, reinforcing its position as an emerging leader in the space.

“As regulatory and reporting requirements become increasingly complex, more firms are looking to outside experts to help them achieve institutional-quality middle office functions without the need to leverage internal resources,” said Gary Tenkman, Managing Director at Ultimus. “BP Capital has a long and storied history in the energy space and using our team’s operational strength and expertise allows them to focus on their clients and their investment strategies as they move into the institutional separate account arena. We’re excited to partner with them on this new chapter in their business and we look forward to supporting their growth for years to come.”

“As we went through the selection process Ultimus continually separated itself, demonstrating its expertise and reinforcing our belief that Ultimus would be the best partner to help us grow our separate account business,” said Patrick Hurley, Chief Operating Officer at BP Capital TwinLine. “Their institutional strength and the quality of their team gave us comfort and confidence in partnering with them as our business continues to grow.”


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’ 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.

In addition, 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’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.

For more information, visit www.ultimusadvisersolutions.com.

About BP Capital Fund Advisers

BP Capital Fund Advisers was formed in June 2013 to, for the first time, offer the investing public a fund vehicle to invest alongside T. Boone Pickens and his team. The two funds, the BP Capital TwinLine Energy Fund and BP Capital TwinLine MLP Fund, were designed to offer optimal exposure to the firm’s highest conviction investment themes surrounding the American energy revolution and industrial renaissance.

The team launched the BP Capital TwinLine Funds as a mark of “twinning” alongside the legacy of T. Boone Pickens. Much like the practice of midstream companies who lay new pipe alongside an existing pipeline in an effort to leverage existing infrastructure (a practice known as “twinning” pipe), the BP Capital TwinLine Funds will continue to leverage the industry knowledge, investment experience, deep relationships and trust earned over the past 60 years.

For more information, visit www.bpcfunds.com.

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The Ultimus Group, LLC is an Equal Opportunity Employer. All rights reserved.

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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