Home Alternative Investments Administrator Aztec Group launches AIFM service

Administrator Aztec Group launches AIFM service

Aztec Group launches AIFM service

Aztec Group has launched a dedicated Alternative Investment Fund Manager (AIFM) service in Luxembourg.

The alternative fund administrator said that new offering consists of a wide range of services required by alternative investment managers looking to set up and manage European alternative investment funds, including marketing, compliance, risk management, regulatory reporting and portfolio management.

Aztec Group says that partnering with a third-party specialist like itself removes the need for promoters to setup their own regulated manager and can provide a more efficient route to EU capital.

Read more: Aztec Group appoints head of US markets

The launch of the new offering comes after the revised Alternative Investment Fund Managers Directive (AIFMD) was approved by EU authorities earlier this year.

The updated version of the EU legislation incorporates rules for loan origination funds for the first time, meaning that private credit fund managers will need to comply with stricter requirements.

“The set-up and ongoing operations of a regulated AIFM can be both complex and expensive,” said Paul Conroy, Aztec Group’s head of AIFM services.

Read more: Revised AIFMD could harmonise European lending

“For this reason, we’re seeing more and more investment managers take the third-party AIFM route to market, leveraging the local presence and specialist expertise of an outsourcing partner.”

Aztec Group services over €600bn in assets across key jurisdictions in the Channel Islands, Luxembourg, Ireland, the US and the UK. The group specialises in alternative investments, administering more than 450 funds spanning asset classes including private equity, venture capital, private credit, real estate, fund of funds and infrastructure.

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