Outsourcing fund administration is common practice for hedge funds, but PE funds have tended to keep the administration function in house. As PE firms launch more funds and diversify their platforms into new asset types and strategies, however, the potential benefits of engaging a third-party fund administrator may become more compelling. That topic was addressed by a recent panel at the SS&C Intralinks Global Virtual Summit 2021, which was moderated by Phil Chu, director at SS&C Technologies (SS&C) and featured Philip Hu, managing director at Primavera Capital Group; Ken Lin, associate director, Invesco Asset Management; and Andrew Tong, group CEO, Original Financial Group Limited. Specifically, the panel examined key factors for firms that are considering outsourcing their fund administration services, criteria to take into account when selecting a fund administrator and some of the potential advantages of outsourcing fund administration. This article summarizes the relevant takeaways and insights from the panel. For additional commentary from SS&C, see “Emerging Trends in LP Demands for Standardized ESG Reporting and How GPs Have Attempted to Comply” (Jul. 20, 2021); and “LPs Are Increasingly Frustrated by GPs’ Outdated Technology and Non-Standardized Reporting” (Dec. 15, 2020).