Maitland, the fast-growing multi-jurisdictional wealth and fund services firm, is now offering outsource fund administration to private equity and real estate investment funds. The development follows the rising growth of these funds, particularly private equity, in Africa.
Maitland operates internationally with South Africa as an offshore fund servicing location. Assets under administration exceed USD125 billion.
Veit Schuhen, Maitland COO, says: “We have traditionally offered legal and corporate secretarial services to private equity and real estate funds. By adding administration we can offer an end-to-end service from fund establishment, through transaction support to administration investor servicing.”
The business unit will be led by Bruce McGlogan (pictured) who has joined Maitland in CapeTown from JP Morgan Private Equity Fund Services on Jersey, Channel Islands. Bruce has more than 25 years of experience in real estate and investment banking.
Maitland runs its fund administration services on a world-class SunGard platform. The firm services more than 80 institutional and alternative investment fund clients worldwide.
