Linedata Adds Private Equity Capabilities

The private equity capability, available in the latest version of transfer agency software Linedata Mshare, will enable users of Mshare and Linedata Admin Edge to manage the administration of private equity funds, alongside traditional asset management, hedge funds, partnerships and master feeder structures on a single platform.

Linedata's private equity capabilities will comprise capital calls for expenses, capital tracking at asset level, percentage capital calls, transfers between investors and partners and distribution transactions, as well as sophisticated investor reporting. This is in addition to existing shareholder and partnership accounting functionality.

"We have seen demand in the fund administration marketplace for a comprehensive platform to cover diverse fund structures, and Linedata is uniquely placed to provide the full range of functionality, through the Linedata Back Office offering, with the benefits of proven scalability, systematic control coupled with the complexity and flexibility required to meet the needs of private equity, as well as other alternative and traditional funds, all on a single platform," says François Pradel, product management director of Linedata Back Office Asset Management.