Luminous Capital selects UMB Fund Services
UMB Fund Services, Inc. (UMBFS) announces that its alternative investments division, JD Clark & Company (JD Clark), has been selected to provide alternative investment administration services for Luminous Capital.
JD Clark will provide Luminous Capital with back-office services including administration, accounting, investor servicing, anti-money laundering, audit coordination, web access services and reporting for the majority of its fund-of-funds, private equity and feeder fund products totaling approximately $1billion in assets under management.
Luminous Capital is an SEC-registered investment adviser that currently oversees approximately $4 billion in client assets. It was founded in 2008 by a team of five partners who average nearly two decades of experience, having helped grow wealth advisory businesses at both Goldman Sachs and Merrill Lynch prior to launching Luminous Capital as an independent platform.
"In our search for a new service provider, the JD Clark name quickly stood out, since they already service clients of ours," said Matt Sonnen, director of operations for Luminous Capital. "We were especially impressed by their service team, with its size, depth of experience, cross-training, and strong reputation for quality. We're confident they have the capabilities and the enhanced technology to meet our expanding needs."
"We are pleased to be selected to provide services for this highly respected and rapidly growing organization," said Jeff Clark , chief executive officer of JD Clark. "We look forward to building a strong relationship with the Luminous Capital team in the coming years."