Maples Fund Services, an independent global fund services provider and division of MaplesFS, says it has been selected as the administrator for the Northstar Enterprise Opportunity Fund I.
Maples Fund Services will provide a full range of administration services to the US$350m (maximum size) fund in a turnkey manner, including establishment support, investor onboarding and compliance, registrar and transfer agency, FATCA and CRS compliance, and fund accounting and reporting. It says its customisable approach and sophisticated infrastructure, coupled with the expertise and experience of its team were key elements in Northstar's decision to engage Maples Fund Services.
Furthermore, Maples Fund Services' geographic reach and full service on the ground capabilities and reputation in Dubai played a significant role. In recent years there has been an influx of capital from Middle Eastern investors to the US which is increasingly viewed as a safe haven with attractive valuations and yields and the Dubai based team has been responsible for supporting a significant number of successful launches that invested in commercial, senior care, student accommodation and multi-family real estate investments.