ISIS Fund Services Ltd (ISIS) has announced the expansion of its private equity offering through the hiring of what it’s decribing as a “dream team” from JP Morgan Bermuda which is closing its office in Bermuda.In June of this year, JP Morgan announced it was closing its private equity office here, which employed 16 employees.But a team of five of those professionals have stayed to set up shop with ISIS, a global fund manager. Lead by Scott Burns, who was with JP Morgan Bermuda for the past 16 years, the team has combined private equity administration experience of more than 40 years.“We’re thrilled to be adding such a high calibre team to our existing operations,” explained Ede Conyers, CEO of ISIS Fund Services. “Scott Burns and his team will bring a wealth of knowledge and expertise to ISIS which will surely assist us with growing this part of our business.”“I cannot think of a better home for our private equity family,” commented Scott Burns. “ISIS’ emphasis on putting the client first and investing time and resources into constantly developing staff and technology to stay in front of changes in the industry really resonated with me. It felt like a natural fit.”With the increased regulatory and investor pressure for private equity firms to outsource their back office operations, ISIS had been strategically looking at how to further develop this part of its business as it will certainly be a large growth area in the coming years.“We have dedicated considerable resources to developing our product offering over the past two years to meet and exceed the needs of our clients and their investors,” said Brian Desmond, CFO/COO of ISIS.”Taking the time to shore up an already sound infrastructure over the past few years made it easier for us to bring on such a high calibre group dedicated to private equity. Scott and his team will be a huge asset to ISIS as it continues to grow its footprint in the industry.”