Michael Richards JTC Group. Fund Administration, Partnership & the Future of Private Capital
Michael Richards on building JTC Group’s U.S. fund admin business, guiding emerging managers, and why partnership, not price, is the true differentiator.
Ferdi Roberts, Michael Richards
54 MINS
Join Michael Richards, Head of Fund Administration – U.S. at JTC Group, for an inside look at fund administration in private capital. From starting in fund accounting at State Street to building JTC Group’s U.S. platform from the ground up, Michael shares how his team supports fund managers across the entire fund lifecycle. We explore the role of fund administrators as true partners, why global reach matters, and how JTC Group’s shared ownership model drives client service.
Expect candid insights into the fundraising environment, the resurgence of fund-of-funds, and why private credit remains one of the hottest corners of private markets.
Key Topics
Michael breaks down JTC Group’s three-pillar service model, investor relations, fund accounting, and audits, and how it helps managers scale with confidence.
Other topics include:
Why emerging managers should engage fund admins early
The full investor lifecycle: onboarding, K-1s, distributions, and reporting
Partnership vs. price: what really matters in fund admin relationships
Global compliance: AFIM services, AIFMD rules, and European fundraising
Market outlook: private credit, fund-of-funds, and Opportunity Zone 2.0
JTC Group’s shared ownership trust and “Cosmos era” of growth
Personal lessons from youth hockey coaching and founding Coop’s Troop
What You’ll Learn
Listeners will come away with a deeper understanding of:
How fund administration supports long-term fund success
The operational challenges emerging managers face and how to solve them
Why continuity of service and low turnover matter for investors
How JTC Group’s shared ownership model drives client engagement
What’s next: fundraising trends, family office collaboration, and global expansion
