FD Fund Administration (FD-FA), a leading provider of outsourced fund administration services, announced today the opening of a new office in Minneapolis, Minnesota.

The Minneapolis office supports the overall growth strategy of FD-FA, expanding the firm’s geographic footprint beyond existing offices in Philadelphia, New York, and Atlanta.

“FD Fund Administration supports leading private equity and real estate funds across the country,” said Tom DiEgidio, Partner with FD-FA.  “Our Minneapolis office is consistent with our expansion strategy and positions us well to better serve our clients in the Midwest.”

The Minneapolis office includes two new leadership team members for FD-FA.  Andy Huss and Jon Haidet both join FD-FA as Principals.  Mr. Huss and Mr. Haidet formed the Minneapolis office by bringing over a core team of middle and back office professionals from Wayzata Investment Partners.  Wayzata Investment Partners is a Minneapolis-based SEC-registered investment adviser to private funds which specialize in investments in debt of distressed companies, companies undergoing bankruptcy or reorganization, and special situations.  Each of the team members joining the FD-FA Minneapolis office have more than 10 years of experience in private equity.

“The team joining FD Fund Administration is well-versed in all aspects of fund accounting, operations, and compliance and we are excited to continue leveraging their knowledge and abilities through our relationship with FD-FA. This strategic opportunity allows the team to use the extensive experience gained through their long tenure at Wayzata to service other private equity firms in Minneapolis and beyond,” said Pat Halloran, Managing Partner and founder of Wayzata Investment Partners.