Judy Tyler Joins Standish to Lead L.A. Office

Business Wire, June 23, 2009

Former Steamboat Ventures CFO Hired as Firm Expands to Southern California

SAN FRANCISCO -- Standish Management, LLC, a boutique provider of outsourced accounting infrastructure services to venture capital and private equity firms, announced today that Judy Tyler has joined the firm to lead its new Southern California office based in Los Angeles.

Tyler is a private equity industry veteran with senior management experience who was most recently chief financial officer of Steamboat Ventures, the venture arm of The Walt Disney Co. Prior to Steamboat she served as CFO and vice president of finance for Amerscan Venture Group. She was formerly a senior auditor for Grant Thornton and is a Chartered Accountant.

“Judy is well known and universally admired in the L.A. venture community and she is the perfect choice to establish and grow our presence in Southern California,” said Standish Managing Partner Robert Raynard, CPA. “She has first hand knowledge and experience in running the finance, accounting and admin functions for our target clients and is uniquely qualified to communicate our value proposition to them.”

“Private equity and venture firms are focusing on their internal operations to improve efficiencies and cut costs, which is creating an opportunity that Standish is well positioned to capitalize on,” said David Chrencik, managing audit partner in PricewaterhouseCoopers’ Southern California private equity and venture practice.

“Fund managers are acutely aware of the difficulty and expense associated with searching for, training and retaining the talent required to manage the back office function in-house,” said Tyler. “When you can rely on a skilled, experienced team like we’ve got at Standish, outsourcing is a significantly more cost effective and efficient alternative.”

Standish provides a wide range of services including web-based financial reporting to investors, partnership accounting, capital call and distribution management and performance return calculations. Standish currently serves more than 25 clients with more than $12 billion in capital under management and plans to expand to other key markets across the U.S. in the near future to meet the growing demand for its highly specialized services.

About Standish:

Standish Management, LLC is a privately held company that provides outsourced accounting infrastructure services to venture capital and private equity firms. Founded in 2006, Standish is based in San Francisco with an office in Los Angeles. For more information, visit www.standishmanagement.com.