MUFG Investor Services has partnered with Yardi to improve its private equity real estate asset and investment management solutions.
The asset servicing solutions provider and real estate fund administrator will implement services from Yardi Investment Suite, including the automated consolidations, investment accounting and performance reporting.
The collaboration will be particularly beneficial to MUFG clients that manage both open- and closed-end real estate funds.
Shaun Trimblett, director of product development at MUFG, commented: “Yardi Investment Management will enhance our capabilities far beyond the accounting aspects of fund administration.”
He continued: “We will be able to generate reports and analytics within a single system. It will also help us operate more efficiently by eliminating manual processes, which in turn enables us to deliver better data and service to our clients. The solution's ability to handle currency conversions seamlessly is another huge competitive advantage, given the prominence of our overseas holdings.”
Terri Dowen, senior vice president, sales, Yardi, added: “We are pleased to provide MUFG with tools that enhance efficiency and insight at the fund and property levels throughout the investment lifecycle. The company is better positioned to perform complex fund administration services that suit each client's needs.”
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