Mainstream expands into APAC

Mainstream Fund Services has expanded its services to Asia-Pacific, signing its first client in the region - Korea Development Bank Asia (KDBA).

Using the Allvue System’s tech platform, Mainstream will administer KDBA’s Cayman fund in Hong Kong. 

The addition of KDBA to Mainstream’s books sees Mainstream administering A$10.8bn of private funds in APAC (previously it was A$7.8bn). 

Following the expansion, GP clients can access the same cloud-based back office solution used by Mainstream’s US clients, combining financial statement reporting, a multi currency general ledger, cash management, waterfall capabilities, integrated CRM, and an LP portal.