PFS-PAXUS Q1 2017 latest version released: Focus on Private Equity

Pacific Fund Systems Limited (PFS), the leading software company behind the pioneering global fund administration solution PFS-PAXUS, has released PFS-PAXUS version 2017 Q1. This release is spearheaded by our focus on significant development which has been undertaken to further support PFS-PAXUS’ automation of specialist Private Equity administration. As the popularity of Private Equity as an investment class continues to attract record levels of investment, and with capital flows into private equity funds predicted to considerably increase, PFS continues to support our clients who may wish to take advantage of the growth of administration business aligned with this asset class. In addition to the existing range of Private Equity administration related features within PFS-PAXUS, this release launches significant development in core PE functionality to automate the complex rebalancing of commitments when accommodating new investors within earlier capital closings. This release also introduces a new Loans module which caters for fixed and floating rate loans/borrowings including various interest charging frequencies and the ability to pay down the loan or borrowing at any time. This enhancement introduces powerful flexibility in the automation of bespoke loan arrangements which have also seen significant growth in investment following the expansion of the peer-to-peer lending market. As always, this latest release includes a multitude of further enhancements across the entire system with important new functionality introduced in many areas and we encourage all clients to migrate and take advantage of all relevant areas of new development. For more information, please see the full release notes.