Maples Fund Services, a global fund services provider, has extended its fund administration offering to the marketplace lending sector. Maples explained;
“…increased regulation and tightening credit conditions at traditional banks force borrowers to seek out alternative channels, marketplace lending has gained popularity. Given demand for fixed income options in the current market environment, hedge funds have recognised the sector’s potential and are facilitating the introduction of institutional investors to this space.”
Tyler Kim, Global Head of Maples Fund Services, explained that what began as a niche investment of peer to peer lending has now morphed into a more institutionalized lending process. Kim said Maples wanted to help fund managers looking to invest in marketplace lending assets;
“…hurdles still stand in the way for fund managers who may not understand the operational difficulty of investing in this asset class,” said Kim.
Maples is an independent global fund services provider operating in key onshore and offshore financial centers including Boston, the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal, New York, San Francisco and Singapore.