The role of fund administrators has received increased attention in recent years in the aftermath of the Bernie Madoff Ponzi scandal, which highlighted the need for heightened probity and more efficient and sophisticated data analysis with regard to inflows and outflows of cash from private funds; the allocation of fees and expenses; and the reconciliation of accounts both internally and externally. But even now, the role of administrators is not understood nearly as well as it could be in the private funds space and beyond. Moreover, some fund managers lack a keen sense of what to look for and what questions to ask when vetting administrators as potential partners, and they may not grasp how critical the automation of recordkeeping processes is to an administrator’s ability to carry out its tasks efficiently, as well as the importance of the full disclosure of that technological ability to the manager. All those themes were discussed in a Manhattan Alternative Investment Network webinar entitled, “Is Your Fund Administrator Meeting All Your Needs?” This article summarizes key takeaways from the webinar, which featured Robert Ansell, director of business development at Opus Fund Services, and moderator Daniel P. McGuire, partner at Citrin Cooperman Advisors LLC. See “Amount of Value Outsourced Fund Administrators Confer to PE Sponsors and Criteria for Selecting Them” (Jan. 25, 2022).