Mainstream Fund Services has bolstered its services by bringing its US private equity solution to Asia Pacific (APAC).
This will allow general partners to benefit from one complete system for accounting, customer relationship management (CRM), investment, and a configurable limited partner (LP) investor portal.
The group has signed Korea Development Bank Asia (KDBA) as its first APAC-based client to be administered on Allvue (formerly AltaReturn).
Mainstream will administer KDBA’s Cayman fund in Hong Kong, with scope to extend the solution to other clients in the region.
Funds in Hong Kong, Australia and Singapore can now access the same cloud-based back-office solution used by Mainstream’s US clients.
Amber Lo, head of fund services, Mainstream, Hong Kong, said: “Mainstream's investor portal includes all ILPA standard reporting and a robust platform with drill-down capabilities included. This gives transparency to LPs who increasingly want to work with general partners that focus on investment decisions and leave their back-office operations to third party experts, like Mainstream.”
