Convert Without Compromise

Minimize operational disruption with controlled conversions

Our Process

At MUFG Investor Services, we redefine what a fund administrator transition feels like for alternative asset managers.

Our dedicated Conversion team partners with fund managers through every step of the process, providing guided onboarding, thorough due diligence, tailored project frameworks, and more.

From contract-signing to go-live, our conversions are executed with precision for minimal disruption to clients and their investors. Our specialists undertake a flexible yet well-orchestrated approach, with continuous transparency from the start.

Phase 1

Onboarding Workshops and Assessment

Phase 2

Tailored Project Plan and Ongoing Checkpoints

Phase 3

Data Migration

Phase 4

Parallel Run

Phase 5

Go-Live

Our Difference

Controlled Conversions

Reconciliations. Reporting. Fee calculations. Investor due diligence and accruals. Transitioning critical services like these is a strategic, yet complicated, move.

With decades of industry experience, we have developed a mature and custom-fit approach to deliver tightly controlled conversions.

01 / 04

Proven Scalability

Over the past five years, our team has facilitated transitions for funds totaling more than $97 billion in assets under management (AUM), supporting conversions ranging from the $100s of millions to more than $30 billion in AUM.

Conversions for multi-tiered, public and private market funds
Successful transition of a private markets book of business capturing nearly 15 years of historical data
Extensive fund conversion with more than 400 legal entities and complex allocations

*As of May 2026

02 / 04

Experts. Not Generalists

A dedicated Conversion team, not a rotating bench.

Single point of contact for the duration of the conversion
Transition specialists from across the industry
Coordination with incumbents to facilitate data migration
Thorough review and critical analysis of existing data

03 / 04

Support across the Life Cycle

Integrated solutions to streamline fund operations.

End-to-end support across the value chain
Connected services include banking, financing, Business Process Outsourcing (BPO), and more
Automated and scalable solutions

04 / 04

Operational Precision

Controlled, transparent, and built for continuity.

Conversions tailored for alternative asset managers
Experience across asset classes and strategies
Customized, flexible project frameworks

Risk Management

Addressing Friction

Friction points are inherent throughout the fund administrator transition process. Our controlled conversions are designed to address common pain points, mitigating potential risk across client operations, data, and implementation:

Execution Risk:
Delivery & Experience

Protect the investor experience and servicing 
Ensure timeline integrity

Technology Risk: Data & Systems

Solve data migration hurdles and integration challenges 
Address technology limitations
Automation of complex fee models
Build out custom data extracts and reporting

Internal Risk: People & Knowledge

Minimize client resource strain 
Address knowledge transfer gaps

Myth-Busting

Fact or Fiction

MUFG Investor Services has supported complex transitions globally, ranging from the $100s of millions to more than $30 billion in AUM. We’ve witnessed first-hand the concerns that are inherent with converting administrators.

Our specialists have encountered, and addressed, common misconceptions surrounding conversions.

fiction

You only convert fund administrators when something goes wrong.

Fiction. Of course, if restatements become commonplace and errors/omissions are continually made, asset managers have an obligation to investors to consider switching administrators.

However, managers may wish, or be required, to change administrators for reasons beyond performance. Funds, their portfolios and their legal structures may become more complex and required non-NAV services may broaden.

fiction

All fund administrators are similar.

Fiction. While baseline services may be similar, fund administrators are not one-size-fits-all.

We tailor fit solutions around client’s unique needs. When a manager converts, our specialists guide them from preliminary analysis through to go-live. Once fully transitioned, clients are assigned a dedicated, single point of contact.

fact

Converting fund administrators can be costly.

Fact. There are costs involved with any new launch or conversion. However, these costs are often offset by significant benefits such as increased service levels, streamlined processes and automated activity.

Our one-stop-shop approach provides support across the investment value chain, helping to streamline services and drive further efficiency.

In many cases, delaying a change in fund administration can be more expensive in the long run, especially if a current administrator struggles to meet evolving demands.

fact

Converting fund administrators is time- and resource-intensive.

Fact. Changing administrators requires time and resources. However, the complexity of the fund structure, current data quality and amount of historical data required to be transitioned are all determining factors.

Strong project governance and dedicated staff help address concerns. Our conversion team partners with managers to define timelines, establish communication protocols, and execute detailed transition plans.

fiction

Converting administrators is always disruptive to investors.

Fiction. When executed effectively, conversions can be completed with minimal investor impact.

Minimizing friction, particularly around data collection and reporting, is a priority. Our experts conduct detailed analysis and partner with asset managers to facilitate an efficient conversion from an investor point of view.

Throughout the process, our conversion team adapts to manager and investor needs, replicating current reporting if required, and suggesting enhancements where necessary.

Conversion Resources

Further information on our controlled conversions and fund administration capabilities

Silver knight chess piece on a dark, reflective chessboard with dramatic lighting.

Client Story

Transition with Precision

A successful conversion resulting in seamless data transfer, automated accounting, and comprehensive reporting, delivered on time with minimal impact to the client and investors.

Close-up of a needle with thread looped through its eye against a black background.

Client Story

Orchestrating Complexity

Seamless conversion to support a complex open-ended hedge fund with streamlined operations, upgraded reporting, and reduced risk, all with minimal client and investor disruption.

Red node at the center of a network-like diagram with curved white lines on a black background.

Capabilities Brief

Fund Administration Solutions

Empowering alternative asset owners with scalable fund administration solutions designed for complex strategies, diverse asset classes, and global operations.

Download