Sydney, Australia-based Mainstream Fund Services, a fund administrator, has named Jay Maher as CEO of private equity. Maher will be based in the U.S.
Global fund administrator Mainstream Fund Services, part of Mainstream Group Holdings (ASX: MAI), is expanding their organization to handle the firm’s growing practice for closed-end funds (Private Equity, Venture Capital, and Real Estate).
Jay Maher joins as CEO of Private Equity and will be based in the United States. For the past two decades Jay has been an industry leader who has developed a best in breed service offering focusing on technology and automated workflow processes.
“Mainstream is the perfect fit for our experienced team to execute delivery of our service model to the Private Equity, Venture Capital, and Real Estate industries. Mainstream has a global reach and is institutionalized, while remaining agile and customer focused by having local expertise in each asset class. This results in superior services to our customers, and most importantly to their investors.” comments Jay Maher.
Martin Smith, CEO of Mainstream adds “We are excited to have Jay’s expertise and proven track record lead the way in our expansion into the U.S. and Global Private Equity markets.
These services have been growing for us the past several years and we are now able to formalize the offering to compliment the services we provide to open-ended funds.”
Mainstream has elected to build out its administration offering in the U.S. $4.7 trillion closed-end fund market based on demand from prospective clients and the increasing trend toward outsourcing by such funds, particularly new funds.
About Mainstream Fund Services
Mainstream Fund Services is part of Mainstream Group Holdings Limited (ASX: MAI). The Group provides fund services complimented by investment in people, processes and technology.
As at December 2017 the Group provides administration services to 771 funds and more than 107,000 investors with assets under administration in excess of AUD $133 billion. Mainstream employs 221 people, with operations in Australia, Singapore, Hong Kong, the United States, the Isle of Man, Malta, Ireland and the Cayman Islands.
For more information, please visit: www.mainstreamgroup.com.