Blue River Partners, LLC Acquires Steelbridge Compliance, LLC

DALLAS, Oct. 25, 2011.  PRNewswire —

Blue River Partners, LLC is pleased to announce the acquisition of Steelbridge Compliance, LLC, a consulting firm which has developed a national presence providing compliance related services to investment advisory firms of all sizes and asset classes. “This strategic acquisition allows us to aggregate the service offerings of the two firms to better address the increasingly complex and challenging regulatory and operating environment affecting the alternative asset industry,” states Mark Fordyce, Blue River’s Chief Executive Officer. All full-time employees of Steelbridge have been retained and will continue to provide the same level of quality services to its existing client base. Daryoush Niknejad, the President of Steelbridge, will be relocating to Blue River’s New York office to facilitate the expansion of the combined businesses.

Steelbridge Compliance provides a broad variety of compliance-related services to investment advisory firms, including (i) compliance program assessments and forensic testing; (ii) annual compliance reviews pursuant to the Investment Advisers Act Rule 206(4)-7 and the Investment Company Act Rule 38a-1; (iii) mock SEC and state securities authorities audits and examinations; (iv) investment advisor registration (SEC and state); (v) SEC and state inspection support; (vi) onsite and offsite employee compliance training; (vii) advisory firm vendor selection and negotiation; and (viii) business continuity and disaster recovery planning and testing. These services complement and add additional breadth to the existing Blue River service offering.

About Blue River Partners

Blue River Partners provides outsourced compliance and operations services to new and existing investment managers of all sizes, managing any type of fund structure, and across all asset classes. Blue River also specializes in investment product structuring and investment adviser formation. Blue River is unique in that the Firm was founded and is staffed by attorneys and CPAs with extensive experience serving as in-house accounting, finance, operations, legal, and compliance officers (Chief Financial Officer, Chief Compliance Officer, Chief Operating Officer, General Counsel, and Controller) at large and complex investment firms. Blue River assists asset managers in all aspects of their business including ongoing operations and compliance outsourcing; fund and adviser formation; SEC, state, and CFTC registration; and compliance program design and build-out. On a consolidated basis with Steelbridge Compliance, Blue River services 52 US and international investment advisory clients, managing assets in excess of $22.7 billion.