Date: Mar 2020
Sector: Compliance Services
Wheelhouse Advisors is a specialist outsourced provider of prudential management, regulatory reporting and accounting, tax and human resources consultancy services to investment firms, their principals and other financial services professionals.
The London based business employs 40 staff and provides its services largely to clients in the UK alternative fund management industry. These clients are either directly regulated by the FCA or indirectly regulated via a regulatory hosting platform. Clients include start-up / spinout funds, established international firms expanding operations to the UK, and established overseas investment managers marketing funds into the UK and EU.
Pelican Capital invested £6m in March 2020 to back a management buyout of the business from its parent company ACA Compliance Group, a US based compliance firm.