“Felix von der Planitz Joins ACE Alternatives to Spearhead Unified Tax and Tech Solutions for Fund Managers”

Felix von der Planitz to Spearhead Revolutionary Integration at ACE Alternatives, Elevating Fund Management to New Heights

BERLIN, GERMANY, July 19, 2024 – In a strategic move poised to transform the landscape of alternative asset fund management, ACE Alternatives has announced the appointment of Felix von der Planitz as Co-CEO and Head of ACE Tax. With this pivotal role, von der Planitz is set to unify ACE’s service offerings and technological platforms, creating a seamless ecosystem designed to enhance efficiency and quality in data processing for fund managers.

This integration heralds a new era for alternative asset fund managers, offering a data-driven, one-stop-shop solution that promises to streamline the intricate processes between accounting and tax reporting. The initiative will see the introduction of ACE TAX, an advanced digital tax reporting solution facilitating quarterly tax monitoring and reporting for investors’ alternative asset engagements. This innovative approach also includes a novel translation bridge from fair value accounting to GAAP and TAX accounting, making tax reports readily accessible via the ACE GP and LP Portal.

Felix von der Planitz, with an illustrious 22-year tenure at PwC, where he led the private equity funds tax business, brings unparalleled expertise in alternative asset fund taxation to ACE Alternatives. His transition is driven by a vision to create a unified service model that eliminates data leaks and missed information, ensuring comprehensive and cohesive solutions for clients.

"ACE offers an exciting opportunity to innovate in a complex and rigid industry. I am impressed by ACE’s growth and its reputation for top-notch service quality through advanced technology. My mission is to integrate a comprehensive tax solution to enhance our offerings, ensuring clients receive a cohesive service experience," von der Planitz stated, outlining his strategic vision for ACE Alternatives.

Matias Collan, Founder and CEO of ACE Alternatives, expressed his enthusiasm for von der Planitz’s appointment, highlighting their long-standing acquaintance and von der Planitz’s extensive experience as both a tax expert and a team builder. "Together, Felix and I will unify our service platforms across fund administration, statutory accounting, and tax compliance into a single-source platform. This will elevate service quality to a new level, significantly improving user experience and satisfaction for our clients and their investors," Collan remarked.

The addition of Felix von der Planitz to the ACE leadership team marks a significant milestone for the company, underscoring its commitment to attracting top talent and continually evolving to meet the dynamic needs of the market. ACE Alternatives, a leader in managed services for the Alternative Assets sector, is renowned for leveraging tech-driven processes and extensive industry experience to offer tailored solutions for fund administration, compliance, and ESG needs.

As ACE Alternatives continues to redefine fund management standards with data-driven processes, combining advanced technology with deep industry knowledge, the company is poised to demystify complex fund operations, promoting transparency, and achieving sustained growth across the fund lifecycle.

For more information about ACE Alternatives and its innovative solutions, please contact Rhea Colaso at rhea.colaso@ace-alternatives.com or visit ACE Alternatives on LinkedIn.

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