Maitland is now able to act as an alternative investment fund manager for private equity and real estate alternative investment funds.
This comes after approval for MS Management Services to extend its existing alternative investment fund manager licence to include private equity and real estate alternative investment funds.
The new service allows Maitland clients to market and distribute private equity and real estate alternative investment fund products, namely alternative funds, to investors in the EU.
Since the launch of MS Management Services in May 2015, Maitland has been offering equivalent Alternative Investment Fund Managers Directive (AIFMD)-compliant management company and product solutions to hedge funds and fund of hedge funds.
Kavitha Ramachandran, director of MS Management Services, said: “We are delighted to add private equity and real estate—two rapidly growing asset classes—to the mix of our alternative investment fund manager offering.”
Maitland CEO Steve Georgala added: “The private equity and real estate alternative investment funds licence fits our EU growth strategy and enhances our end-to-end fund services offering in Luxembourg and beyond.”
“There is rising demand for AIFMD-compliant private equity and real estate alternative investment fund services from a diverse range of geographies, including the EU, US, and Asia. Our ability to offer integrated management company and full suite administration services for private equity and real estate alternative investment fund clients, including accounting and administration, sets us apart from most other service providers.”
