Quercus International is pleased to announce that a team led by Paul Warren originated the acquisition of Obsidian Fund Services Limited (“Obsidian”) by The Prescient Group (“Prescient”) to expand its global fund services and private assets market offering in Guernsey. Obsidian will become part of its fund services arm, Prescient Fund Services.

Obsidian provides a range of fund administration services from Guernsey, including fund accounting, compliance, financial reporting, governance and investor services. The team also supports the needs of listed funds and has a strong track record in working with the needs of both closed-ended and open-ended funds.

Prescient Fund Services is the fund administration arm of South Africa’s Prescient Group and has US$114bn in client assets under administration (as of 31 December 2025). Prescient expanded to Europe when it entered Ireland in 2008 to provide fund administration and management company services for both South African and international fund management clients.

The acquisition will expand Prescient’s service offering for its fund management clients, especially in the private assets market. The transaction is part of Prescient Fund Services’ vision to further expand the range and regulatory scope of fund administration services available to both South African and international clients.

Obsidian’s team in Guernsey will continue to provide full-service fund administration, supporting a wide range of private assets funds, including private equity, infrastructure, private credit and real estate funds. This includes help with setting up regulated investment management entities and protected cell structures.

Craig Mockford, CEO of Prescient Fund Services, commented:

“Guernsey is a leading jurisdiction for private equity and other private assets funds, and it makes enormous sense for Prescient Fund Services to have a presence on the island, working with an established and respected team like that at Obsidian. We are confident that this partnership will bring new opportunities for Prescient Fund Services and our wider client base as we continue to build on our global private equity capabilities.”

Jody Newark, CEO of Obsidian added:

“This is an exciting new development for our clients as we join a larger fund administration group that shares our values. We look forward to continuing to deliver the same high level of service to our customers under the Prescient brand.”

Paul Warren, Quercus International, said:

“We are delighted to have originated the strategic acquisition of Obsidian for Prescient. Given Prescient’s desire to service their South African and international clients from complementary jurisdictions and to expand their offering in the private equity and private assets space, there is a very complementary strategic fit. The transaction signifies our sector strength, insight and reach across global markets for fund administration and management services. We continue to see strong interest and levels of activity in the sector.”