Bedell to offer depositary services22 May 2013
From July 2013, alternative investment funds that fall within the scope of the Alternative Investment Fund Managers Directive (AIFMD) may need to consider the appointment of a depositary.
In response to the AIFMD, Bedell will offer depositary services to assist private equity and real estate fund managers with the requirements of the Directive.
As a leading independent provider of fund, trust and corporate services with over GBP 25bn of client assets under administration, Bedell has been servicing the needs of alternative investment fund managers with an emphasis on real estate, private equity and infrastructure funds for over 20 years. To complement our existing fund administration offering, we will provide client-tailored depositary services from our London office in accordance with the transitional provisions announced by HM Treasury, and from our Jersey office subject to JFSC approval.
Servicing boutique private equity and real estate houses, as well as some of the world's largest financial institutions, our experienced professionals are able to provide a flexible and consultative approach to deliver bespoke, efficient and cost-effective solutions. We will be able to deliver depositary services as a stand-alone service or as an add-on to our existing corporate and fund administration offering.
We have a deep understanding of the needs of our clients and have developed the expertise, technology and infrastructure to assist in ensuring that funds are compliant with the AIFMD while streamlining the costs of regulatory oversight and compliance in order for clients to focus on managing their fund(s).
For further information about depositary services at Bedell, please contact William McGilivray or Philip Bolton.
Bedell at a glance
- Over 20 years' experience in fund administration
- Over 80 funds under administration (including private equity, real estate and infrastructure funds)
- Over GBP 25bn of client assets under administration
- Extensive expertise across open ended, closed ended, and private structures
- Bedell group entities are individually licensed to provide trust and fund services business by the JFSC and licensed as an operator by the FCA