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The Internationalisation of Alternative Funds

The Internationalisation of Alternative Funds

Gain insight into the challenges private equity general partners face doing business overseas and dealing with a global investor base.

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Private Equity Expense Disclosure and Policy Adherence

Private Equity Expense Disclosure and Policy Adherence

Explore the practical application of how fees are applied and verified and best practices for mitigating operational risks and fostering enhanced transparency in the industry.

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Private Equity Fund Services

With the ever increasing challenges of running a successful private equity firm, managers need a partner that not only delivers expertise to support their fund’s unique challenges, but has the technical excellence and innovative culture to respond to evolving regulatory and investor requirements across key global markets to support their ongoing growth.

Our skilled team specialises in a wide range of sectors and disciplines, including buyouts, venture capital, real estate, natural resources, growth capital, direct lending, distressed securities, infrastructure, mezzanine and private equity fund of funds.

The Internationalisation of Alternative Funds

Global private capital has followed a steady growth trajectory in recent years and has now reached record levels. At the same time, regional distribution of this AUM has shifted considerably with Asia, Europe and the rest of the world steadily growing their share. Acknowledging these market dynamics, private equity general partners are increasingly looking internationally to both source deals and raise capital from limited partners as a means of growth and achieving attractive returns.

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Private Equity Expense Disclosure and Policy Adherence

While private equity has enjoyed significant growth due to its potential for long term investment returns, there have been concerns in recent years about a perceived lack of transparency into investment operations and financials.

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Bespoke Support Driven by Our Global Expertise

Our international, multi-jurisdictional presence, approach to client service and our experience dealing with complex structures makes us a compelling choice for supporting your private equity, real estate and hybrid funds. Whatever a fund's requirement, both managers and investors can trust our team to deliver the services they need.

Our experienced teams are led by seasoned professionals with expertise in accounting for private equity investments, complex allocations and fee calculations and monitoring the events that trigger waterfalls throughout the life cycle of each fund.

Maples Fund Services offers a single point of contact for each client who will manage the relationship from the onboarding process through to the ongoing daily operational interactions with the investors and general partner.

With approximately 220 conversions over the past seven years, Maples Fund Services has established the processes, policies and procedures to ensure a seamless migration that retains critical records necessary to generate inception to date internal rate of return, carried interest and waterfall modeling.

Our services and bespoke technologies include:

Private Equity Accounting

  • Portfolio accounting: provide accounting for private equity investments including direct and co-investment opportunities and special purpose vehicle investments across various jurisdictions;
  • Reconciliations: reconcile cash and positions to third party statements or relevant transaction documents;
  • Waterfall calculations: allocate profit and loss to limited partners and the general partner and calculate fees, waterfall and carried interest allocations;
  • Financial statements: prepare financial statements for the fund, including relevant note disclosures under IFRS or GAAP accounting standards and assist in the audit process by providing relevant accounting records and supporting schedules; and
  • Fund compliance: generate Form PF and Annex IV regulatory filings on the firm's assets as well as FATCA and CRS reporting.

Investor Services

  • Due diligence: perform investor due diligence including Know Your Client, anti-money laundering services in accordance with applicable jurisdictional anti-money laundering legislation;
  • Maintain register: maintain the register of the fund;
  • Banking: open and operate accounts in required currencies on behalf of the fund to receive contributions and pay distributions, fees and other amounts as required;
  • Transaction processing: process capital transactions including distribution of capital call and distribution notices and processing of cash receipts and distributions;
  • Reporting: provide secure, online access to investor reporting including contract notes, statements, notices and other ancillary documents and correspondence; and
  • Investor liaison: provide timely responses to ad hoc inquiries from investors and their authorised representatives.

Bespoke Technologies

From Agreements to Waterfalls

Built around FIS’ industry leading private equity fund accounting platform, Investran, Maples Fund Services' technology provides a fully integrated intuitive workflow that captures the specific terms of each fund's allocations, fee calculations and waterfalls through a robust platform that allows for:

  • Bespoke translation of fund limited partnership agreements into unique structured profit and loss allocations, carried interest and waterfall calculations;
  • Integrated fund accounting and investor services software that remove data entry and spreadsheet risk; and
  • A flexible framework approach to optimise control and data.

Private Equity Dashboards

Maples Fund Services' private equity dashboard, MaplesFS Connect, provides defined views for specific qualitative and quantitative attributes and allows users to quickly source required data through groupings and sorting by any data attribute for analysis at position level detail and higher level graphical presentation.

Investor Reporting

Through our robust and intuitive online reporting platforms, investors and general partners have secure web access to a variety of current and historical documents including capital statements, call and distribution notices, quarterly and annual financial statements, market updates and newsletters and other relevant fund information.

Our online platforms are complemented by email communication. With customisable content, email notification is sent to investors and authorised recipients when a new document is posted to the portal. Emails include an easy click-through feature for securely and directly accessing documents.

The content, layout and format of all investor reporting is ILPA compliant but is also fully customisable, including bilingual and foreign language content.

All portals and reports can be co-branded or white labelled.

Contacts

North America

Photo of Brendan Tyne
Head of Business Development – North America
New York
work, pref+1 646 918 5950
cell+1 646 874 4787

Photo of Robert M. Wolfe
Head of Private Equity Solutions
Boston
work, pref+1 857 301 6858
cell+1 857 321 9428

Europe

Photo of Christina McCarthy
Regional Head of Fund Services - Europe
Dublin
work, pref+353 1 697 3224
cell+353 86 804 7730

Asia

Photo of Eastern Fong
Regional Head of Fund Services - Asia
Hong Kong
work, pref+852 3655 9005
cell+852 9228 5119

Middle East

Photo of Fred Tabbal
Regional Head of Fund Services – Middle East
Dubai
work, pref+971 4 511 4201
cell+971 50 655 6760

Resource Hub

The following materials provide more information on our Private Equity solutions.