MUFG Fund Services Selects Markit for Private Equity Valuations

Category:

Tuesday, October 27, 2015 3:54 pm EDT

Dateline:

LONDON, NEW YORK & SINGAPORE
"The increasing scrutiny of hard to value positions from auditors and regulators places a significant burden on fund managers and administrators. To help address this challenge MUFG is able to offer clients an independent valuation service which provides transparent reporting and uses objective valuation methodologies."

Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that MUFG Fund Services has selected Markit’s private equity services to provide valuations for illiquid debt and unlisted equity positions. MUFG Fund Services is part of MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group (MUFG) and provides administration services for more than 1,100 alternative funds worldwide.

Blair Henderson, global head, business development & marketing at MUFG Investor Services, said: “Markit’s private equity valuation services will help us provide our clients with a comprehensive outsourced solution to their post-trade reporting requirements. This enables them to focus on sourcing deals and managing existing investments, and also ensures that they are well prepared for changes in the regulatory environment. We are impressed with the quality of service Markit offers and believe that this helps us to deliver a very competitive solution to our clients.”

Kevin O’Connor, head of private equity services at Markit, said: “The increasing scrutiny of hard to value positions from auditors and regulators places a significant burden on fund managers and administrators. To help address this challenge MUFG is able to offer clients an independent valuation service which provides transparent reporting and uses objective valuation methodologies.”

Markit’s private equity services provide valuations for illiquid debt and unlisted equity positions. The service differentiates itself through the use of high-quality market data and proprietary methodologies. It is designed to satisfy the statutory and policy requirements of investors, regulators, and auditors for independent calculation of asset values.

About MUFG Investor Services

MUFG Investor Services provides asset servicing solutions to the global investment industry. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.4 trillion in assets – we provide clients access to a range of leading solutions from fund administration, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

MUFG Investor Services leverages its deep market expertise and industry leading technology to partner with clients throughout the investment lifecycle. Our solutions are developed with our clients’ needs firmly at the heart of the partnership. www.mufg-investorservices.com

MUFG Fund Services

MUFG Fund Services is the global fund administration arm of MUFG Investor Services and has been partnering with the investment industry for over 25 years. Through our partnership driven model we provide clients a comprehensive and customised fund administration solution, underpinned by our market leading technology platform. Our clients range from mutual funds, hedge funds, fund of funds, private equity and real estate funds across all investment strategies, asset types and fund structures.

Contact:

IHS Markit
Ed Canaday
Director, Corporate Communications
Tel: +1 646 679 3031
ed.canaday@markit.com
or
Markit
Joanna Vickers
Associate
Tel: +44 207 260 2234
joanna.vickers@markit.com