GLFSI Press Release

Posted on February 1, 2013 · Posted in Uncategorized
Great Lakes Fund Solutions Expands Transfer Agency Offering in the Direct Participation Program Industry
February 1, 2013, Chicago – Great Lakes Fund Solutions, Inc. (GLFSI) announces the expansion of its transfer agency service offering to include non-traded real estate investment trusts (REITs), oil and gas limited partnerships, and other alternative investments sold through independent brokerage channels.  Collectively, these types of investments are known as Direct Participation Programs (DPPs).

For 31 years Great Lakes Fund Solutions, Inc. has serviced managed futures funds and provided operational support to the wire houses and independent brokers that sell these public and private funds.

“A top priority for the company since I joined has been to expand our market by developing functionality to support DPP funds,” says Mark Lancaster, President of GLFSI.  “Adding features to support income-oriented funds and building links to the Alternative Investment Products initiative of Depository Trust and Clearing Corporation were the key steps we took.  This move allows Great Lakes Fund Solutions to expand into the rapidly growing real estate and oil and gas fund administration markets.”

Keith Allaire, Managing Director with Robert A Stranger & Co., a nationally recognized investment banking firm specializing in non-traded REITs, says, “The entry of established service providers like Great Lakes is a vote of confidence in the DPP industry’s potential.”

About GLFSI

Great Lakes Fund Solutions, Inc. serves as transfer agent, fund administrator and outsourced back and middle office to Direct Participation Programs (DPPs), such as REITs, oil and gas limited partnerships, managed futures funds and a variety of other public/private alternative investment funds. The Company began operations in 1982 and was formerly known as Marcal Systems Corporation.

GLFSI fulfills the operational, administrative, and investor-servicing needs of its fund-sponsor clients.  Providing commission reporting and sales literature fulfillment to brokers and selling agents is a core competency of the Company. Great Lakes Fund Solution’s staff possesses the highest level of integrity and DPP operations expertise, which is brought to bear in providing exemplary automation and integration with the workflows of our clients.

For more information on GLFSI, visit www.glfsi.com

For more information on Mark Lancaster, visit http://www.linkedin.com/in/mtlancaster