Maples Fund Services Offers Industry Leading Private Equity Fund Services Solution
Maples Fund Services, a division of MaplesFS and leading independent global fund services provider, has announced significant investments in its technology and personnel to support an enhanced private equity fund services offering. This includes the implementation of Investran, an industry leading portfolio and partnership accounting system, and the appointment of industry veteran, Robert Wolfe as Head of Private Equity Solutions.
Private equity continues to be one of the fastest growing and attractive segments in the global alternative investment marketplace. However, with operational integrity in the spotlight, administering private equity funds has become more time-intensive than ever before. Compliance with transparency requirements from investors and regulators, an expectation of independence, and ever more complex limited partner terms can become distracting to private equity general partners who would prefer to focus on raising capital, screening deals, enhancing portfolio companies and evaluating exit opportunities. As a result, there has been a notable shift away from self-administration and toward the use of third party fund administrators.
"As investors increasingly expect operational excellence, transparent reporting and independent oversight within their private equity funds, there is growing benefit to using a third party administrator," said Tyler Kim, Maples Fund Services' Global Head of Fund Services.
Maples Fund Services is widely recognised for its ability to achieve an optimal balance between best-of-breed core systems and industry leading proprietary solutions. Maples Fund Services' implementation of Investran, which is specifically designed to account for the complexities of private equity partnership terms and conditions, further enhances its technological capabilities. Furthermore, Investran is supplemented by Maples Fund Services' proprietary technology that includes flexible and intuitive reporting solutions that can be customised to meet the needs of private equity general partners and their limited partners.
Mr. Wolfe, as Head of Private Equity Solutions for Maples Fund Services, will lead this effort. With a career spanning 25 years in the financial services industry, including over 10 years of executive experience in private equity fund administration, he brings a strong track record in building successful and scalable businesses.
"The Maples group has a long legacy of supporting the formation, structuring and financing of private equity funds," said Mr. Wolfe. "I am thrilled to join the team and look forward to furthering Maples Fund Services' commitment to helping private equity funds increase operational efficiency, enhance reporting and satisfy transparency demands of investors and regulators."
Scott Somerville, MaplesFS' Chief Executive Officer added: "These enhancements to Maples Fund Services' private equity offering are a natural complement to the Maples group's established reputation in the industry. Our robust technology offering and focus on delivering high touch, high quality client service makes us uniquely positioned to capitalise on opportunities in the market and will further cement our position as a trusted partner for our clients."
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