Palmer

What Palmer does

Palmer (Palmer Fund Services) is a Jersey-domiciled, privately held fund administration and loan agency firm founded in 2023 by five former Sanne Group plc executives — Martin Schnaier (CEO), James Ireland (CFO), Phil Godley (CTO), Jason Bingham (CCO), and James Bermingham (CLO). The company serves private capital managers — spanning private equity, real estate, infrastructure, and private credit — as well as SPV and holding-company clients and debt capital markets participants. It operates through wholly-owned regulated subsidiaries in Jersey (headquarters, JFSC), Luxembourg (CSSF), the United Kingdom (FCA), and Spain, with Managing Directors leading each office.

The firm's service platform is organized into six integrated product lines: Launch Support (KYC/AML coordination, structure establishment, electronic closing); Fund Administration (capital calls, distributions, cash management, investor services); Accounting and Reporting (bookkeeping, statutory/regulatory/tax filings); SPV and Corporate Services (company secretarial, director provision, fiduciary oversight); Loan Agency Services (facility/security agent, loan servicing, bondholder representation); and Data Services (API integrations, data warehouse, investor portal, proprietary Data Marts). The technology layer is cloud-native, built without legacy fund-accounting constraints, and exposes a Secure Authenticated REST API with direct system access, 24/7 data warehouse sharing to clients, SAML-based SSO, and a modern SaaS investor portal — distinguishing the offering from incumbents operating older stacks.

Commercially, Palmer runs a senior-led, consultative B2B model: relationship-driven sales executed by Managing Directors and Directors rather than transactional SDRs, targeting complex private capital structures rather than vanilla fund accounting. There is no public pricing, no disclosed channel partners, and no marketplace distribution. The team is small (firmographic headcount stated as ~30, though the public directory implies materially more) and concentrated in delivering services directly to clients. The firm is privately funded with no disclosed external investors or PE backing, owns all of its operating subsidiaries, and holds no patents or publicly disclosed awards.

Name

Palmer

Legal name

Palmer Fund Services (Holdings) Limited

Website

https://palmerfs.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Palmer is a Jersey-domiciled, privately held fund administration and loan agency firm founded in 2023 by former Sanne Group executives, serving private capital managers, SPV clients, and debt capital markets participants across regulated offices in Jersey, Luxembourg, the UK, and Spain.

Ownership category

akta.pro rank

Product category

Fund Administration Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Finance Services (6199)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

Keywords

• Fund administration services
• Private capital administration
• Loan agency services
• Corporate secretarial services
• Investor reporting services

Headquarters

HQ city

St Helier

HQ country

Jersey

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Administration Services: End-to-end administration services including capital calls, distributions, cash management, investor services, and portfolio investment administration for private capital funds.
2. Accounting and Reporting: Bookkeeping, fund performance reporting, investor reporting, statutory and regulatory reporting, and tax reporting and filings.
3. Loan Agency Services: Facility agent, security agent, trustee services, loan administration and servicing, bondholder representative, portfolio monitoring and reporting, and escrow agent services.
4. SPV and Corporate Services: Company secretarial, provision of directors, fiduciary oversight, governance and tax compliance, risk and compliance support, and process agent services.
5. Launch Support Services: Electronic closing and signing, KYC and AML verification, GP and fund operations support, central coordination for closing, structure establishment, and transaction management.
6. Data Services: API integrations, data warehouse services, investor portal, analytics and modelling, and proprietary data marts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Palmer is an independent boutique fund administration firm providing end-to-end administration, accounting, reporting, loan agency, SPV/corporate, launch support, and integrated data services to private capital managers (private equity, real estate, infrastructure, and private credit). The firm operates a modern, cloud-based technology platform built without legacy constraints, offering API integrations, data warehousing, and a proprietary investor portal alongside its professional services across Jersey, Luxembourg, the UK, and Spain.

Product overview

Palmer is a private capital administration firm offering a unified platform of professional services designed for complex private capital structures. The core offering consists of six integrated service lines: Fund Administration (capital calls, distributions, cash management, investor services), Launch Support (KYC/AML, operational set-up, transaction management), Accounting and Reporting (bookkeeping, statutory filings, tax reporting), SPV and Corporate Services (company secretarial, fiduciary oversight, governance), Loan Agency Services (facility agent, security agent, loan servicing), and Data Services. Data Services functions as the technology layer of the platform, providing API integrations, data warehouse sharing, investor portal access, analytics and modelling, and proprietary Data Marts. The technology platform is built on cloud-based SaaS architecture with a proprietary Secure Authenticated REST API, supporting CRM, Workflow and Analytics integrations, Direct System Access to fund accounting software, and secure data warehouse sharing for real-time client data access.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund Administration End-to-end fund administration covering capital calls, distributions, equalisations, investor services, cash management, and portfolio investment administration for complex private capital structures (private equity, real estate, infrastructure, and private credit).
• Launch Support Comprehensive support to launch funds and structures, including KYC/AML coordination, operational set-up, electronic closing and signing for LPs, GP and fund operations support, central coordination for closing, structure establishment, and transaction management.
• Accounting and Reporting Accurate and transparent accounting, fund performance reporting, investor reporting, statutory and regulatory filings, bookkeeping, and tax reporting and filings for private capital fund clients.
• SPV and Corporate Services Company secretarial, provision of directors, fiduciary oversight, governance and tax compliance, risk and compliance support, and process agent services tailored for special purpose vehicles and corporate structures.
• Loan Agency Services Facility agent, security agent and trustee, loan administration and servicing, bondholder representative, portfolio monitoring and reporting, and escrow agent services for borrowers, lenders, and arrangers in syndicated loans, bilateral facilities, project finance, and structured debt transactions.
• Data Services Integrated data capabilities including Secure Authenticated REST API integrations, data warehouse sharing, a proprietary investor portal, analytics and modelling, direct system access to fund accounting software, and proprietary Data Marts for performance monitoring, investor reporting, and regulatory reporting.

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ocorian: Specialist in fund administration, corporate services and fiduciary services for alternative asset managers. Directly comparable service offering to Palmer with overlapping European presence and private capital focus.
• IQ-EQ: Global fund administration and servicing group focused on private capital, alternatives and institutional clients. Direct competitor for Palmer's fund administration, accounting and SPV services across European jurisdictions.
• Maples Group: Cayman/Jersey-headquartered provider of fund administration, fiduciary and legal services. Direct competitor in Jersey and across European fund domiciles for private capital fund and SPV administration.
• Gen II Fund Services: Independent fund administrator formed from the combination of Augentius, Crestbridge and Sanne's European fund services business. Direct competitor with strong private capital focus and similar technology-led positioning to Palmer.
• CSC Global: Provider of fund administration, SPV management, corporate secretarial and loan agency services to alternative asset managers. Overlaps materially with Palmer's SPV, corporate and loan agency offerings.
• Aztec Group: Jersey and Luxembourg-based fund administrator and corporate services provider. Many of Palmer's senior team (including Luxembourg MD) joined from Aztec, and it is a direct competitor across private equity, real estate and private debt administration.
• JTC Group: Jersey-headquartered administrator offering fund services, corporate services and private office services. Direct competitor to Palmer in Jersey and broader European fund hubs with overlapping private capital client base.
• TMF Group: Global provider of fund administration, corporate secretarial, SPV management and loan agency services. Overlaps with Palmer across most service lines and competes in the same European jurisdictions.

Broad incumbents

• Apex Group: Largest independent fund administrator globally, ~$3T AUA. Acquired Sanne Group plc (Palmer's heritage firm) in 2023, making it the dominant incumbent competing against Palmer for private capital mandates across all of Palmer's geographies.
• Apex (Loan Agency / Debt Capital Markets): Apex's loan agency and DCM business is the global market leader in facility/security agent services. Palmer's loan agency leadership was previously at Apex and Sanne's global loan agency practice, making Apex the dominant incumbent against Palmer in this niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/palmerfs
• Instagraminstagram.com/we_are_palmer?igsh=bG9hYWd1aG5zYmxi&utm_source=qr

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 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 Palmer