The Prescient Group (Prescient) has wholly acquired Obsidian Fund Services Limited (Obsidian) in Guernsey, expanding its service offering for its fund management clients, especially in the private assets market.
Effective 1 February Obsidian has become part of Prescient’s fund services arm, Prescient Fund Services. The entire Obsidian team, led by CEO Jody Newark, will be integrated into the Prescient business.
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.
The 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 which shares our values. We look forward to continuing to deliver the same high level of service to our customers under the Prescient brand.”
Prescient Fund Services is the fund administration arm of South Africa’s Prescient Group and has $114bn in client assets under administration (as at 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 of Obsidian in Guernsey 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.
Disclaimer:
Obsidian Fund Services Limited is regulated by the Guernsey Financial Services Commission.
Prescient Fund Services (Pty) Ltd, Registration number: 1998/023727/07 is an authorised Financial Services Provider (FSP 43191) under the Financial Advisory and Intermediary Services Act (No.37 of 2002).
Prescient Fund Services (Ireland) Limited is regulated by the Central Bank of Ireland. Prescient Fund Services (Ireland) Limited is authorised as a management company pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (“the UCITS Regulations”) as amended and as an Alternative Investment Fund Manager under AIFMD Regulations.
