BOSTON--(BUSINESS WIRE)--Standish Management, a provider of fund administration to managers of private equity, venture capital, real estate and fund of funds, today announced the promotion of Susan Gillick to President of U.S. operations. The firm plans to relocate its U.S. headquarters from San Francisco to Boston, where Gillick is based.
In addition, Standish announced the opening of a new office in New York City -- becoming the fund administrator’s 14th office in a major U.S. market -- and 42 percent year-over-year revenue growth.
Gillick joined Standish in 2009 to launch the firm’s new Boston office and establish its East Coast presence. A CPA with extensive private equity and fund administration experience, she served as controller of Elevation Partners, a Silicon Valley-based private equity firm, before joining Standish.
“Susan’s remarkable leadership has been instrumental to our growth as a firm, enabling us to expand our footprint and serve larger institutions,” said Standish Founder and CEO Robert Raynard. “As my focus increasingly shifts to launching new services and growing the firm internationally, Susan is the perfect person to lead the firm’s day-to-day domestic operations.”
Standish has experienced rapid growth since Raynard founded the firm in 2007 and is now the largest independent fund administrator serving private equity funds in the U.S. In an industry that is dominated by large publicly traded companies and PE-backed firms, Standish is a 100% employee-owned firm led by Raynard, Gillick and co-founders Rowena Baginski and Judy Dickinson since 2009.
The firm has achieved several significant milestones in 2018, including:
- $100 billion in committed capital under administration
- 1,000 funds, 200 clients and 20,000 LPs served globally
- Professional staff of more than 275
“When I chose a career as an accountant, I never imagined I’d become an entrepreneur. Joining the Standish team nearly a decade ago gave me the unique opportunity to build a business alongside a tremendous management team. We had one goal – to fill a glaring need for fund administration services tailored to private equity. Today, we are proud to say that our 275 business professionals have helped turn a bootstrapped start-up into a thriving business that serves some of the largest institutional investors in the world,” said Gillick. “I’m thrilled and honored to take on this new role and lead the firm through the next chapter in its growth.”
Standish Management, LLC is a 100% employee owned company that provides fund administration for managers and general partners of private equity, buy-out, venture capital, real estate and fund-of-funds firms. Founded in 2007, Standish is based in Boston and San Francisco with major offices in, Los Angeles, Dallas, Seattle, Chicago, Denver, Palo Alto, CA, and New York. For more information, visit www.standishmanagement.com.