Private-equity funds can outsource their grunt work

Specialisation has become the byword for trust companies. Orangefield Trust is no exception: it is building a niche providing administration for private-equity firms, with a focus on Asia and global emerging markets.

Orangefield is the restructured entity once known as ING Trust, which in July 2007 was bought by Foreman Capital, a Dutch investment group, and ING Trust’s management.

The buyout accomplished, its senior executives then decided their best opportunity for growth was to diversify beyond its core businesses of fiduciary and trust services into fund administration...