WAYSTONE MANAGEMENT COMPANY (IE) LIMITED

Thesis

Waystone Management Company (IE) Limited is a global provider of specialist services to the asset management industry, formed from the merger of DMS, Montlake, and MDO in March 2021. The firm offers a comprehensive suite of services including institutional governance, administration, risk, and compliance to financial institutions, institutional investors, investment funds, and asset managers. Waystone's strategy is to be a full-service provider, supporting a wide range of asset classes and jurisdictions, with a growing emphasis on digital asset strategies and providing a regulated umbrella for fund managers. They are recognized as a top 10 global management company with over 25 years of experience. Waystone has a global geographic scope with operations in Luxembourg, Ireland, the UK, North America, the Cayman Islands, and Asia, with significant market positions in Ireland, Luxembourg, and the UK. As of August 20, 2024, their global ManCo and ACD business oversees more than $400 billion in AUM. Waystone primarily functions as a service provider and fund administrator, rather than a direct investor.