Schroders Private Equity Services, which operates from offices in Bermuda and Guernsey, has won the 2007 European Venture Capital Journal (EVCJ) award for "Fund Administrator of the Year".

The magazine's subscribers voted for the award, which was a newly created category, based on the fact that private equity funds are choosing to outsource their fund administration.

The 2007 EVCJ awards dinner was held on January 30, 2008 at The Dorchester hotel in London. Among the other nominees were JPMorgan Fund Administration Services, Northern Trust, and Mourant International Finance Administration.

SPES specialises in providing services to the private equity industry, including fund of funds, property funds, and managing special structures for clients. SPES' philosophy is to maintain continued and controlled growth in both jurisdictions, without compromising its ability to deliver services as promised. In a statement, SPES said the tireless efforts of its staff, together with a hands-on approach, a bespoke service and robust systems, is why SPES feels it has won this award.

SPES entered the private equity fund management business in 1983.