Obsidian

What Obsidian does

Obsidian Fund Services Limited was a boutique fund administration and management business founded in Guernsey in 2020, providing bespoke administration, depositary, governance, compliance, and reporting services to institutional fund managers. Its primary served verticals were private equity, infrastructure, private credit, and real estate funds, with adjacent capabilities in listed-fund servicing (listing support, corporate secretarial, listing-rule compliance) and sustainable-fund servicing (exclusionary screening, Guernsey green fund rules, EU SFDR disclosure reporting, UN PRI monitoring). The service catalogue was broad for a small firm — covering constitution and regulatory approval, investor services and transfer agency, NAV calculation, fund accounting under IFRS/US GAAP/FRS 102, depositary oversight for closed-ended funds, and full compliance functions including FATCA/CRS, AML/CFT monitoring, and ESG portfolio monitoring.

The delivery model relied on dedicated client-service professionals with specialist technical skills, supported by generic "state of the art" third-party systems. The firm held a Guernsey Financial Services Commission licence under the Protection of Investors (Bailiwick of Guernsey) Law, 2020, operated from a single headquarters in St. Peter Port, and was led by Managing Director Jody Newark, with a Chairman (Dr. Andy Sloan) carrying deep credibility in Guernsey sustainable finance. No APIs, mobile applications, or proprietary technology platforms were disclosed, and pricing was not publicly listed.

Effective 1 February 2026, Obsidian was wholly acquired by the South Africa-based Prescient Group and integrated into Prescient Fund Services, operating thereafter as Prescient Fund Services (Guernsey) Limited. Prescient Fund Services already administers $114 billion in client assets globally with operations in South Africa and Ireland, materially expanding the scale, geographic reach, and product breadth available to Obsidian's former client base.

Name

Obsidian

Legal name

Obsidian Fund Services Limited

Website

https://obsidian.co.uk

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

1–10 employees

Short description

Obsidian Fund Services Limited is a Guernsey-based boutique fund administration firm serving private equity, infrastructure, private credit, real estate, and sustainable fund managers, now operating as Prescient Fund Services (Guernsey) following its 2026 acquisition by the Prescient Group.

Ownership category

akta.pro rank

Product category

Fund Administration Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Finance Services (6199)

akta.pro primary industry

Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight) (FSAAAMAH)

akta.pro secondary industries

Fund Depositary (UCITS/AIFMD & Trustee Oversight) (FSAAAOAC), ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL)

Keywords

• Fund administration services
• Private equity administration
• Fund accounting services
• Investor services
• Compliance reporting

Headquarters

HQ city

St. Peter Port

HQ country

Guernsey

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Distribution channels1 record

Core offering

Obsidian provides bespoke fund administration services to institutional fund managers, including fund accounting, NAV calculation, investor services, compliance, governance, financial reporting, depositary services, and ESG/sustainable fund support. The firm specializes in administering private equity, infrastructure, private credit, real estate, listed, and sustainable investment funds from its base in Guernsey.

Product overview

Obsidian (now part of Prescient Fund Services Guernsey) operates as a boutique fund management and administration business providing bespoke fund administration services. The offering consists of an integrated suite of service modules including constitution and regulatory approval, investor services, fund operations, governance and secretarial services, financial reporting, compliance, depositary services, sustainable funds services, and listed funds services. The company specializes in serving private equity, infrastructure, private credit, and real estate funds, as well as listed funds and sustainable investment vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Bespoke Fund Administration Comprehensive, bespoke fund administration for private equity, infrastructure, private credit, real estate, listed, and sustainable funds, including fund accounting, NAV calculation, investor services, compliance, governance, and financial reporting, delivered through dedicated client service teams.
• Depositary Services (Closed Ended) Depositary oversight for closed-ended funds, covering investment portfolio oversight, cashflow monitoring, and safe custody/verification of fund assets.
• Listed Funds Services Specialist services for listed fund vehicles, including listing support, corporate secretarial services, compliance with corporate governance codes, investor and board meeting coordination, dividend calculations, financial statement production, consolidation and transfer pricing, and ESG monitoring.
• Sustainable Funds Services Sustainable and ESG-focused fund services including exclusionary screening on potential funds, monitoring compliance with Guernsey green fund rules, EU SFDR sustainability disclosure reporting, and monitoring compliance with UN Principles for Responsible Investment.

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Prescient GroupflagshipStrategic or Co-development Partner · 1 February 2026The Prescient Group wholly acquired Obsidian Fund Services Limited in Guernsey, effective 1 February 2026. The entire Obsidian team led by CEO Jody Newark was integrated into Prescient Fund Services. This acquisition gives Prescient Fund Services an established presence in Guernsey, a leading jurisdiction for private assets funds, and expands its global private equity capabilities. Prescient Fund Services currently administers $114 billion in client assets.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Waystone: Provider of fund administration, depositary, governance (including independent directors) and ESG services to investment managers globally, with strong European and Irish presence — competing for the same private-asset and ESG-focused mandates.
• Sanne Group (now part of Apex): Pre-acquisition specialist in private-asset and real-asset fund administration, depositary and corporate services with strong Channel Islands and Luxembourg presence — directly comparable to Obsidian's specialist positioning.
• Maples Group: Cayman- and Irish-headquartered legal and fund services firm offering fund administration, depositary, and ESG services to private-asset managers — directly comparable mid-market competitor with similar jurisdictional profile.
• IQ-EQ: Global investor services firm offering fund administration, depositary, AIFM, ESG and corporate services with strong European and Channel Islands footprint — a directly comparable specialist administrator for private-asset managers.
• Ocorian: Global fund administration, depositary, and corporate services firm with significant presence in Jersey, Guernsey, Ireland and Luxembourg, specializing in private equity, real estate and infrastructure fund administration — closely comparable to Obsidian's positioning.
• JTC Group: Jersey-headquartered fund administration and corporate services provider with strong private-asset and ESG capabilities, serving institutional and family-office clients across multiple jurisdictions — a near-direct boutique-to-mid-market competitor to Obsidian.

Broad incumbents

• Citco: Global leader in fund administration and custodial services, particularly dominant in alternatives and private-asset fund administration — a large incumbent competing in many of Obsidian's core segments.
• Apex Group: One of the largest global fund administrators, providing fund administration, depositary, custody, ESG, and corporate services across private equity, real estate, infrastructure, and credit — directly overlapping Obsidian's full service suite but at vastly greater scale.
• SS&C GlobeOp: Major global fund administration and middle-office services provider serving hedge funds, private equity, and real asset managers — competing with Obsidian across both scale and product breadth.
• TMF Group: Large global fund administration, depositary, ESG, and corporate services provider with deep private-asset and Channel Islands coverage, competing for the same institutional GP clients as Obsidian.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/obsidian-fund-services-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Obsidian