Featured in Private Equity International (PEI) Fund Services Report
The rise of co-sourcing in private equity fund operations
As private markets become more complex, fund managers are under increasing pressure to strengthen operational due diligence readiness, improve LP reporting, and maintain greater control over data, governance, and fund accounting outcomes.
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In an exclusive interview from the June 2026 Private Equity International (PEI) Fund Services Report, CSC’s Global Head of Fund Solutions, Ram Chandrasekar, explores how co-sourcing is emerging as a practical operating model for managers that need specialist support and scalable infrastructure without losing internal oversight.
Get the full insights on how leading fund managers are evolving their operating models.
Why this report matters
Traditional fund operating models are being tested. Fully in-house teams can preserve control, but may be costly and slow to scale. Traditional outsourcing can deliver reliable fund administration outputs, but may not always provide the level of integration, transparency, and shared accountability now expected by institutional investors.
Co-sourcing sits between those models. It helps managers decide which activities should remain under direct GP judgment and which can be supported by a specialist partner with the technology, execution capacity, and expertise to manage growing complexity.
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Scale fund operations without relying solely on long hiring cycles.
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Access specialist expertise for complex fund structures, bespoke waterfalls, multi-jurisdictional reporting, and asset-class-specific requirements.
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Improve governance, data ownership, reporting lineage, and auditability.
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Strengthen LP reporting and investor transparency at scale.
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Support operational due diligence conversations with documented controls, escalation protocols, and clear accountability.
What you’ll discover
Key insights from the PEI interview
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Why managers may need co-sourcing even when third-party fund administration is already in place.
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How to determine which functions should remain in-house and which can be supported externally.
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How managers can retain control over data, technology, NAV packages, reporting outputs, and regulatory submissions.
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How LPs evaluate operational infrastructure, data governance, fund accounting controls, cybersecurity, and disaster recovery.
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Why clean, structured, portable data is becoming central to the next phase of fund operations.
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How AI-supported exception management could move fund operations from periodic reporting cycles toward continuous operational intelligence.
Built for institutional-grade operations
Operational infrastructure is no longer just a back-office concern. It is increasingly part of how managers demonstrate institutional readiness, LP confidence, and resilience.
The interview highlights how well-designed co-sourcing models can help managers demonstrate:
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clear governance and accountability frameworks;
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defined data ownership, data standards, and data portability;
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auditable controls around NAV, allocations, waterfalls, and investor reporting;
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documented escalation paths and formal sign-off protocols;
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strong cybersecurity, disaster recovery, and operational resilience practices;
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a more integrated operating rhythm between the GP and specialist support teams.
Who should read this
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Private equity, private credit, real estate, and infrastructure managers.
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COOs, CFOs, and senior finance leaders.
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Heads of fund operations, fund accounting, and middle office.
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Investor relations teams responding to more granular LP reporting requirements.
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Operational due diligence professionals evaluating governance, controls, and reporting infrastructure.