Proactiveinvestors Australia Mainstream Group Holdings Ltd Proactiveinvestors Australia Mainstream Group Holdings Ltd RSS feed en Mon, 22 Apr 2019 16:19:35 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Mainstream Group grows funds under administration by 6% in challenging market ]]> Mainstream Group Holdings Ltd (ASX:MAI) has grown its funds under administration by 6% in the half-year to December 31.

The company had net inflows of $8.3 billion in the six-month period, with broad market declines offset by 106 net additional funds and growth in funds under administration in the global hedge and private equity businesses.


Mainstream chief executive officer Martin Smith said the company was pleased to report considerable resilience against the backdrop of a volatile period in global markets.

He said: “We still experienced positive inflows and our funds under administration is up 10% over a twelve-month period.

“We also grew our number of clients and funds administered to record levels.”

Growth in private equity funds

Funds administered by the company grew by 106 funds and 25 new clients to a record 921 funds for 368 clients.

This growth was driven by the onboarding of 40 new private equity funds in the US and 29 new funds under custody in Australia.

Mainstream has invested heavily in these businesses following its $10.3 million capital raise in September last year.

The company earns revenue based on long-term contracts with clients, with fees usually calculated based on a combination of the fund’s size or the number of transactions and investors.

Services to more than 104,000 investors

Mainstream provides fund and superannuation administration services underpinned by investment in people, processes and technology.

The company provided administration services to 921 funds and more than 104,000 investors at the end of last year, with asses under administration equal more than $147 billion.

Mainstream employs 256 people with operations in Australia, Singapore, Hong Kong, the US, the Isle of Man, Malta, Ireland and the Cayman Islands.

Sun, 10 Feb 2019 22:53:00 +1100
<![CDATA[News - Mainstream Group to showcase fund administration growth at Sydney Proactive CEO Session ]]> Mainstream Group Holdings Ltd (ASX:MAI) has rewarded shareholders with continued growth since its initial public offering (IPO) of shares at 40 cents in October 2015.

The company is a specialist fund administrator for the financial services industry earning recurring revenue from long-term contracts underpinned by growth in wealth management sector.

Its clients are typically fund managers, superannuation trustees, listed companies, family offices and dealer groups.

Mainstream administers 815 funds globally with $138 billion under administration supporting more than 340 clients.

Growth across all financial and operational metrics in FY18

Mainstream continued to show its ability to grow with revenue up 42% on FY17 to $41.8 million and EBITDA up 49% on FY17 to $6.4 million.

NPAT was also up 22% on FY17 to $1.7 million.

Importantly, the business showed its ability to grow organically with funds under administration rising 17%, the majority of which came from existing clients.


Raised $9.5 million in September

Mainstream raised $9.5 million through a private placement of shares priced at 70 cents in September 2018.

Funds will be used to accelerate and support a growth strategy by providing additional regulatory capital, funding a proprietary wealth management platform and expanding US operation.

Notably, the placement received demand for $21 million worth of stock, more than double the placement size.

FY19 off to a strong start

At the FY18 results, Mainstream confirmed it was on track to deliver revenue of $50 million to $55 million and EBITDA of $7.5 million to $9.0 million for FY19.

More recently at its AGM the company confirmed it was on track to meet these FY19 growth targets.

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Fri, 02 Nov 2018 09:45:00 +1100
<![CDATA[Media files - Mainstream Group’s 42% revenue growth on track to keep growing ]]> Fri, 24 Aug 2018 08:31:00 +1000