Fidupar prepares for growth with investment in daappa

Leading Luxembourg fund servicing company Fidupar has adopted the daappa investment and operations platform to further scale its private asset administration and investor services capability.

London, UK: daappa, a specialist provider of middle and back-office technology for private
markets, announced today that Luxembourg headquartered fund advisory and administration
company Fidupar S.A. has implemented the daappa Core solution to support their investor
Services, Fund Accounting, General Ledger, and Reporting functions.

With the explosive growth of private equity and other alternative asset classes across the globe,
Luxembourg has proven to be a major hub for alternative investment management firms
(AIFMs) to have structures and/or funds domiciled there.

Fidupar, who has seen a surge of interest in its services, identified a need for a technology
solution that could deliver enhanced private asset administration and investor servicing
capabilities on a scalable platform. After a wide market search for a potential technology
partner, Fidupar decided that the daappa Core solution was the natural choice given the
comprehensive and integrated functionality available.

Nicolas Montagne, Managing Director of Fidupar, said:

“With increasingly complex client needs including mandate management, and evolving
regulatory pressure on administration, governance and risk management we found with
daappa a powerful yet flexible solution that will allow us to scale our operations on demand
while maintaining a high level of control and transparency.”

Thanks to daappa Core, Fidupar can perform all administration functions from investor
servicing, transaction processing, portfolio accounting and valuation, general ledger accounting,
and fee calculations across different strategies and multi-class assets on a single, secure and
open architecture cloud-hosted platform. daappa Core also incorporates robust and flexible
reporting capabilities and shareholder services including automated investor communications.

In addition to a favourable legal and tax regime, one of the main draws of Luxembourg is the
highly-skilled, multilingual staff who can provide tailor-made services for international clients as
are found at Fidupur. This commitment to responsiveness and focusing on the needs of
customers was an attribute that Fidupar recognises in daappa too.

Nicolas Montagne, Managing Director of Fidupar, said:

“We chose to partner with daappa not only because of the impressive capabilities their
solutions presented during the proof of concept but also the dedication of the team even before
we signed. This only showed how committed daappa is in delivering our business needs
and becoming a valued business partner of ours.”

Karim Ali, CEO of daappa added:

“We are delighted to welcome Fidupar to the daappa community. We recognise that clients
require a proactive and forward-looking partner who understands and supports their current
business and operations whilst remaining agile in order to meet the regulatory and operational
challenges of tomorrow. In Fidupar we have found a partner who shares in this client-centric
focus on what matters most to our clients, their investors and business users.”


About daappa

daappa, founded in 2000, is a specialist provider of middle and back-office technology for
private markets. Since being acquired by BRD Investments in 2017, daappa is committed to
advancing open, flexible digital solutions for asset owners, managers and administrators and
the evolution of private asset funds. A significant number of platform and product enhancements
have been undertaken, many specifically to address the current and future requirements of
leading sophisticated private asset administrators.

daappa holds a leading position with Development Bank customers in Europe and North
America and in particular the UK, and services several industry-leading independent or bank owned asset managers in Europe and the Middle East.

About Fidupar

Part of the Elate Group, Fidupar was formed at the beginning of 2000 by the contribution of the
activity of the financial engineering departments of two major banks in the Luxembourg financial

By focusing on the needs of our customers, we have grown considerably with the deep
commitment to our historical values: responsiveness, creativity, commitment, and ambition, while
maintaining a high level of ethics.

With multilingual staff specialised in different sectors, we provide tailor-made services for our
international clients. Our multidisciplinary teams work in close collaboration with our clients in
the realization of their projects

daappa Media Contact:
Kristina Campbell
daappa Limited
Tel: +44 (0)20 7 510 9597

For more information on Fidupar:
Contact Person: Frederic Collot

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