Client Need:
MUFG Investor Services Expertise:
Better Outcome:
An automated, end-to-end solution to support an increasing number of LP investments, with a focus on data transformation and scalability.
A global custodian, a longstanding MUFG Investor Services client, required an experienced administrator to support one of its Limited Partners (LP or end client) with $20+ billion in assets under administration (AUA) with more than 300 underlying investments. The solution needed to transform unstructured data and support accounting for the entirety of the LP’s closed-ended portfolio.
MUFG Investor Services was appointed sub-administrator for the end client’s private assets and partnered directly with the global custodian. Working across time zones, our specialists assembled a cross-functional team to collaborate remotely and in-person.
An automated and scalable operating model was custom fit to extract, validate, and interpret data from the LP’s private markets portfolio, while providing accounting services for capital calls, distributions, and valuations. Deliverables, including built-in checks for agreed price variations and automated upcoming statement reminders, were tailored around client needs.
The LP upgraded its manual processing to an automated system that allows for straight through processing (STP), validation checks on key data points, exception processing, and more. Daily transactions and pricing files are delivered directly to the global custodian to support net asset value (NAV) calculation and reporting.
Throughout the 6-year timeframe post go-live, the LP and global custodian achieved:
Additional benefits:
