Luxembourg based advisory and administrator Maitland has had its alternative investment fund manager authorisation extended to cover private equity and real estate AIFs.
The approval comes via the authorisation of Maitland subsidiary MS Management Services, and means that clients of Maitland can market and distribute so called PERE products to professional investors in the EU and elsewhere.
Previously, Maitland, which has some $280bn under administration, has offered AIFMD solutions to hedge funds and funds of hedge funds. But adding PERE capabilities will extend its ability to serve clients operating under the AIF Directive requirements.
Kavitha Ramachandran, director of MS Management Services, said he expected demand for PERE solutions to grow as managers became aware of AIFMD compliance requirements on PERE products that are intended to be passported across the EU.