Third party fund management in Europe
Setting up the required governance framework for alternative investment funds (AIFs) under the EU’s Alternative Investment Fund Managers Directive (AIFMD), can be time consuming, human resource intensive and a costly administrative burden.
As an alternative to setting up your own management company, fund initiators can avoid this financial, operational and regulatory burden by utilising Ocorian’s third party alternative investment fund management (AIFM) services.
In doing so, the fund initiator benefits from Ocorian’s existing, fully AIFMD compliant infrastructure, providing a quick, cost effective and compliant way to realise your fund projects, including for cross-border distribution.
Our expertise spans all alternative investment asset classes including private equity, venture capital, infrastructure, real estate and debt.
We can help you
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Focus on your core competencies
We provide the necessary substance, infrastructure, expertise, and technology platform to enable you to focus on capital raising, asset management generating returns and leave the management company responsibilities to us.
Optimise your capital raising
By accessing our AIFM’s marketing passport, you can receive an efficient route to distribute your fund within the EU, through a single point of contact.
Manage administration and depositary
We can serve as AIFM, fund administrator and depositary to provide a one stop shop solution for all your fund’s requirements across its lifecycle, including any ancillary vehicles linked to your fund project.
Go to market quickly
We have the requisite infrastructure, legal documentation and service providers in place to enable the fast and efficient set up and launch of a fund.
Minimise your costs
Many fund managers do not have the scale or resources to deal with the complexity and ongoing administrative burden of AIFMD-compliance, so outsourcing to us can be more cost effective than running your own proprietary ManCo infrastructure.
Pre-market your fund
We can also be appointed through a dedicated agreement to facilitate the pre-marketing of your AIF to LPs and other possible investors in the EU and the UK.
Our knowledge of UK, EU and global regulations ensures your operations remain fully compliant with applicable regulations such as AIFMD.
We take responsibility for a wide range of risk areas, from market to operational risk, ensuring that your AIF is managed in accordance with its fund documentation and applicable regulations.
Tailor your reporting
Tailored and customisable reporting to meet your specific AIFM needs.
Improve governance standards
Our strong quality control and assurance processes safeguard your reputation and optimise business value.
Expertise in AIFMD
Our AIFMs in Luxembourg and Dublin are staffed by specialists in AIFMD, compliance, governance and accounting are experienced in handling the day-to-day operations of an AIF, in compliance with AIFMD and local requirements. We also have sector specialists on the team, for example in the areas of private equity and real estate.
We work as a seamless extension of your team and tailor our services to your specific needs.
Our fund technology provides you with insights through dashboards and fully customised, tailored reporting.
We provide an in-house portfolio management function, with advice from an appointed investment advisor.
The Fund’s governing body appoints Ocorian by means of an AIFM Agreement. Subsequently the Ocorian AIFM will delegate the portfolio management responsibility back to the external investment manager via a Portfolio/Investment Management Agreement.
Ocorian will carry out oversight over the Investment Manager and still retain responsibility for the portfolio management of the Fund.
The general risk management duties of the AIFM through a permanent risk function include:
- Establishment of quantitative and qualitative risk limits for the funds, considering the funds’ strategies and assets
- Ensure proper identification of risks associated with each investment position, through regular interaction with the external investment manager
- Ensure that the funds’ risk profiles and size, portfolio structure and strategies/objectives are matching
- Monitor the established risk limits, including liquidity risk, for which regular stress tests need to be performed
- Document the due diligence process in transactions
- Establish quarterly risk reporting for the fund’s board.
We provide independent oversight of the fair valuation of assets process for AIFs under management.
We liaise and co-ordinate with all the AIF’s service providers such as the portfolio manager, administrator, depositary and external auditor to ensure that any issues are taken care of early, avoiding escalation measures.
We establish an operating model for marketing notifications to host regulators; distribute the AIF on a cross-jurisdictional basis; oversee marketing agents; and ensure local marketing roles are adhered to for non-EU jurisdictions.
We provide all necessary AIFM and fund reporting to the CSSF, CBI and ESMA.
What you say
What you say
Real estate investment company
Contact us and a member of our team will be in touch.