Our AIF’s are created and managed on behalf of institutions such as European private banks, international investment banks, insurance companies and pension fund managers.
Such AIF’s are unlisted and compliant with the Alternative Investment Fund Managers Directive (“AIFMD”) and are externally managed using our full-scope Alternative Investment Fund Manager (“AIFM”) accreditation from the UK Financial Conduct Authority (“FCA”). Otherwise, if so required, each AIF can be overseen by a similar regulatory authority to the FCA such as the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
In addition to AIFMD compliant vehicles, we also have the knowledge and experience to form listed and or exchange traded funds compliant with the Undertakings for Collective Investment in Transferable Securities (“UCITS”) regulations in Europe, which in simple terms, is a mutual fund based in the European Union which can be sold to any investor within the European Union under a harmonised regulatory regime.
Typically AIF’s are discretionary blind pools, but may also be structured based on a seed portfolio of assets (which have been pre-identified and assembled) to which further acquisitions are then added over time according to the particular theme and investment criteria of the AIF. Semi-discretionary arrangements can also be structured via a dedicated investment committee in which major investors in the AIF have representation.
A key feature of all of our AIF’s is a co-investment alignment between our fund management team and the performance of each investment – a primary element in our business philosophy.
For institutional investors who do not wish to be invested in a commingled vehicle, we offer a separate, stand-alone investment strategy, via our Separate Account structuring capabilities.