Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority to provide depositary services to UK Alternative Investment Funds as well as "depositary-lite" services to non-EEA AIFs from its London office.
Bedell Trust is now able to provide full depositary services covering cash flow monitoring, safekeeping, and oversight responsibility to unregulated collective investment undertakings – specifically closed-ended AIFs of Alternative Investment Fund Managers ("AIFMs") pursuing private equity, real estate, infrastructure, and fund of funds investment strategies.
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As a leading independent provider of fund, trust and corporate services, with over GBP 25bn of client assets under administration, Bedell Trust has been servicing the needs of AIFMs for over 20 years.
Bedell Trust’s experienced professionals present a flexible and consultative approach to deliver bespoke, efficient and cost-effective solutions to boutique private equity, real estate and infrastructure fund managers, as well as some of the world’s largest financial institutions. To complement our existing fund administration offering, we are very pleased to provide client-tailored 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 AIFMs and have developed the expertise, technology and infrastructure to assist in ensuring that funds are compliant with the depositary requirements of the Alternative Fund Managers Directive, while streamlining the costs of regulatory oversight and compliance.
Bedell Trust is also authorised to provide depositary services from its Jersey office and can also provide "depositary-lite" services to non-EEA AIFs marketing into those member states (such as Denmark and Germany) which require the appointment of an entity or entities to provide the core depositary services.
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