Maples Group set to enhance fund services via IHS Markit platform
23 July 2020 Cayman Islands
Image: vs148/Shutterstock
The Maples Group will offer enhanced fund services for private debt and credit funds through integrated IHS Markit loan data feeds.
The data feeds support the automated capture of key data to reduce the operational risks that come from manual processing.
The Maples Group’s offering of enhanced fund services is a response to growing pressure on fund managers to outperform targets and generate returns in difficult market conditions, such as low interest rates and increased volatility.
There is particular demand for private debt and credit products, which are complex in their use of leveraged loans, special situations, and distressed debt.
James Perry, head of institutional investor solutions at the Maples Group, explained: “As part of upfront and ongoing operational due diligence, it is critically important for credit funds to be underpinned by a solutions provider who understands the nuances of private debt and credit products, and is able to accurately and effectively provide data aggregation, accounting and reporting services.”
Erik Woodling, managing director, loan platforms, IHS Markit, added: “Through our collaboration, the Maples Group has established a structured data workflow with greater efficiency, cost optimisation and straight-through processing across private debt and credit transactions.”
“As private markets continue to grow and evolve, data innovation can enable fund service providers to maintain a competitive advantage and better serve their clients, particularly in syndicated loan and direct lending strategies.”
The data feeds support the automated capture of key data to reduce the operational risks that come from manual processing.
The Maples Group’s offering of enhanced fund services is a response to growing pressure on fund managers to outperform targets and generate returns in difficult market conditions, such as low interest rates and increased volatility.
There is particular demand for private debt and credit products, which are complex in their use of leveraged loans, special situations, and distressed debt.
James Perry, head of institutional investor solutions at the Maples Group, explained: “As part of upfront and ongoing operational due diligence, it is critically important for credit funds to be underpinned by a solutions provider who understands the nuances of private debt and credit products, and is able to accurately and effectively provide data aggregation, accounting and reporting services.”
Erik Woodling, managing director, loan platforms, IHS Markit, added: “Through our collaboration, the Maples Group has established a structured data workflow with greater efficiency, cost optimisation and straight-through processing across private debt and credit transactions.”
“As private markets continue to grow and evolve, data innovation can enable fund service providers to maintain a competitive advantage and better serve their clients, particularly in syndicated loan and direct lending strategies.”
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