September 28, 2026
The Top Fund Administrators for Private Funds
Which firms serve the most private funds as fund administrators? Using the latest SEC Form ADV filings, here are the leading fund administrators ranked by the number of private funds that name them.
| # | Fund Administrator | Funds served |
|---|---|---|
| 1 | SS&C | 4,733 |
| 2 | Citco | 3,553 |
| 3 | Gen II Fund Services | 3,140 |
| 4 | SEI Global Services | 2,186 |
| 5 | Standish Management | 2,117 |
| 6 | NAV Consulting | 1,955 |
| 7 | State Street | 1,860 |
| 8 | U.S. Bank | 1,400 |
| 9 | BNY Mellon | 1,266 |
| 10 | Northern Trust | 1,113 |
| 11 | HedgeServ Cayman | 872 |
| 12 | Morgan Stanley | 797 |
| 13 | Alter Domus | 741 |
| 14 | Carta Investor Services | 713 |
| 15 | Aduro Advisors | 613 |
See the full, always-current league table on the fund administrators rankings page.
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