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Precy Dumlao, Opalesque Asia for New Managers:

Independent fund administrator Meridian Fund Services has launched the Meridian Ascension Platform (MAP), solution for emerging funds which seeks to accelerate their profile and capital raising efforts.

In a press statement, Meridian said that MAP works by joining a platform built to reduce star- up costs, organizational and infrastructure burdens, and time-to-market. MAP, a multiple series Delaware limited liability company, will house emerging funds that join the platform in their own segregated series, which allows a fund manager the freedom to run a strategy as if it were a stand-alone fund.

Meridian’s Chairman, Tom Davis, said, "Meridian has always sought to help emerging funds enter the market and grow to achieve their investment goals. We designed MAP in response to the challenges with which new funds consistently must deal – the primary challenge being a successful capital launch without administrative and operational drag. We view the program as a roadmap for managers poised to navigate the fund launch process. With MAP’s capacity to reduce start-up costs and administrative burdens, emerging funds will be freed from some of the constraints normally associated with a launch. MAP will provide an unprecedented opportunity to accelerate an emerging fund’s growth by allowing a manager to focus on the most two important tasks – implementation of an......................

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