MUFG Fund Services has selected Markit’s private equity services to provide valuations for illiquid debt and unlisted equity positions.
MUFG Fund Services is part of MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group (MUFG) and provides administration services for more than 1,100 alternative funds worldwide.
Blair Henderson, global head, business development & marketing at MUFG Investor Services, says: “Markit’s private equity valuation services will help us provide our clients with a comprehensive outsourced solution to their post-trade reporting requirements. This enables them to focus on sourcing deals and managing existing investments, and also ensures that they are well prepared for changes in the regulatory environment. We are impressed with the quality of service Markit offers and believe that this helps us to deliver a very competitive solution to our clients.”
Kevin O’Connor, head of private equity services at Markit, says: “The increasing scrutiny of hard to value positions from auditors and regulators places a significant burden on fund managers and administrators. To help address this challenge MUFG is able to offer clients an independent valuation service which provides transparent reporting and uses objective valuation methodologies.”
Markit’s private equity services provide valuations for illiquid debt and unlisted equity positions. The service differentiates itself through the use of high-quality market data and proprietary methodologies. It is designed to satisfy the statutory and policy requirements of investors, regulators, and auditors for independent calculation of asset values.
