Advisory and fund administration firm Maitland can now act as an alternative investment fund manager (AIFM) for private equity and real estate (PERE) alternative investment funds. Approval has been granted for MS Management Services SA, a Luxembourg-based subsidiary, to extend its existing licence.
Maitland clients using this service can now market and distribute PERE products, namely alternative investment funds (AIFs), to professional investors in the European Union and beyond.
Kavitha Ramachandran, director of MS Management Services expressed his delight that the firm can add private equity and real estate – two rapidly growing asset classes – to its AIFM mix. “Maitland is ahead of the curve in providing an end-to-end PERE solution, the demand for which will only grow as managers increasingly become aware of the need for PERE products in the EU to be AIFMD-compliant,” he said.
Maitland says it is jurisdiction-agnostic, meaning PERE clients can launch a fund in any EU jurisdiction, and still turn to MS Management Services to operate and market their product through the passporting capability that the licence offers. Clients can also outsource the portfolio management, administration and governance of their fund to MS Management Services, it adds.