Formidium Wins Global Custodian 2025 Award for Innovation in Fund Admin Tech

December 05, 2025

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Recognition reflects Formidium’s commitment to fast onboarding, accurate reporting, and technology leadership for PE and VC fund managers.

Chicago, IL – December 05, 2025

Formidium has been named a winner in Global Custodian’s 2025 Industry Leaders Awards in the category of Innovation in Fund Administration Technology. The recognition is based on editorial review and market feedback from fund managers and industry stakeholders.

Formidium’s continued investment in modern fund administration systems, backed by more than one hundred technology professionals, has helped the firm support complex fund structures, improve reporting accuracy, and reduce operational risks for clients across private equity and venture capital. The company now supports more than 1,800 funds and entities with over 33 billion dollars in assets under administration. Formidium services more than 650 fund managers across more than twenty global jurisdictions through its six offices in the United States, Europe, and Asia.

A key driver of this achievement is Formidium’s purpose-built administration platform, which incorporates capabilities such as CommonSubDoc, a unified subscription document framework that standardizes investor onboarding, reduces repetitive data collection, and improves compliance review efficiency. Additionally, the firm’s Seamless workflow engine has transformed quarter-close and audit-readiness processes by centralizing data, automating key validations, and delivering real-time visibility into operational status. Together, these tools eliminate the legacy constraints prevalent across the industry and enable managers to accelerate time to value while enhancing the accuracy and reliability of their reporting cycles.

Manish Agrawal, Co-Founder and CSO at Formidium, said:

“We appreciate this recognition from Global Custodian. Our focus has always been to build technology and processes that bring clarity, accuracy, and speed to fund administration. PE and VC managers today expect partners who are responsive, precise, and ready for rapidly changing requirements. This award reflects the effort our team puts into meeting those expectations every day.”

Formidium’s fund administration services cover the full lifecycle of private equity and venture capital fund operations. The firm supports complex waterfalls, co-invest structures, capital account maintenance, LP communications, compliance workflows, and key reporting requirements. Its global delivery model enables clients to work with a dedicated relationship team in the United States, supported by specialized operational and technology resources across its international offices.

To learn more about Formidium’s services for PE and VC managers, visit www.formidium.com