Episode 4: Michael Richards JTC Group. Fund Administration, Partnership & the Future of Private Capital

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

Links mentioned in this episode:

JTC GROUP: https://www.jtcgroup.com/ ASSET CLASS: https://www.assetclass.com/

LinkedIn: Michael Richards: https://www.linkedin.com/in/michael-richards-jtc/ LinkedIn: Ferdi Roberts: https://www.linkedin.com/in/ferdiroberts/

Podcast Producers: Des McGouran Sam Roberts