Close Fund Services Limited (Close) has won a further mandate from M&G Investments, the asset management division of Prudential plc, to provide fund administration services for the new M&G Real Estate Debt Fund. The Fund, which has raised 140 million, will provide investors across Europe with access to mezzanine finance and will look to bridge the gap created by the withdrawal of lenders from the property sector.
Close already provides fund administration services to a range of property, equity and bond funds managed by M&G (Guernsey) Limited with a total value in excess of 1.1 billion.
Closes key services include:
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Fund accounting-
Company secretarial services-
Fund administration-
Compliance and oversight
Close has a long standing relationship with M&G and is delighted to be appointed to provide administration services to this latest fund, says James Tracey, director of Close Fund Services, Guernsey. It is pleasing to further strengthen the strategic partnership between Close Fund Services Guernsey and M&G Investments, who are a well regarded and experienced fund manager. This strategic partnership, along with those of our other clients, is testament to the demonstrable value we offer our clients through our compelling service offering.”
D.C.