At a reception in New York this week, The Catalyst Group was named Fund Administrator of the Year: Offshore at the Hedgeweek US Awards 2026.
The award, determined through manager nominations and peer-review voting by institutional investors, places Catalyst among the sector’s most recognised names. Scott Price, Co-Founder, Chairman and Chief Governance Officer, and Ana Nobre, Associate Director — Client Experience, were in New York to accept the award on behalf of the firm.
One standard, onshore and offshore
The award recognises Catalyst’s offshore work, but it also reflects something broader: an innovative, technically strong and client-centric approach to fund administration. Catalyst supports investment funds and corporate structures for institutional managers, family offices and high-net-worth individuals across the Cayman Islands, the Bahamas and the British Virgin Islands. The title doesn’t cover the firm’s onshore work for US-domiciled funds, but the service is the same on both sides: fund administration for open- and closed-ended structures, transfer agency, treasury services, technology-enabled reporting, and institutional-grade compliance and corporate governance.
Benji Reid, Co-Founder and CEO of The Catalyst Group, said:
Built for a changing market
The award also reflects where the industry is heading. Alternative fund managers are running strategies that did not exist in volume a decade ago: semi-liquid, evergreen and interval funds that require daily or monthly NAV production rather than quarterly. According to Morningstar and PitchBook, US evergreen fund assets grew by more than 25% to $534.6 billion in 2025, while the CAIS and Mercer 2026 Alternative Investment Survey found that 82% of US financial advisors now use evergreen funds. Managers choosing a fund administrator today are choosing one for a more demanding operating environment than their predecessors faced.
Catalyst has been building for that environment, with NAV production that supports daily and monthly cycles across a range of strategy types.
Technology with a purpose
Beyond adapting to new fund structures and strategies, Catalyst has set itself apart through its use of RPA and AI.
For managers, the real question is not whether their administrator uses AI, but what it does for them. Used well, AI changes what fund administration can offer: greater transparency, faster access to data and insights, and better tools to run their day-to-day operations and report to their own investors. Catalyst’s view is that technology should strengthen the client relationship, not replace it, with the time saved through automation going back into service.
What’s next
That thinking underpins the next release of Core, Catalyst’s client portal, due later in Q4 2026. Rather than adding AI as little more than a search tool, Catalyst has taken the time to understand where it can genuinely improve the experience of managers, GPs and their investors, and has built the release around those points. The new version introduces electronic subscription processing, AI-assisted reporting and a modular service architecture designed to reduce the cost and complexity of fund administration as a manager’s strategy evolves.
This award recognises what Catalyst has built in its first five years. The next release of Core shows where the firm intends to go next.
To find out more about Catalyst’s fund administration services, or to see the next release of Core when it launches, get in touch with our team.