Kinetic Partners has announced that it is the first advisory and consulting group to be granted AIFM licensing by the Commission de Surveillance du Secteur Financier (CSSF).
Kinetic Partners (Luxembourg) Management Company can now operate as a ‘Super ManCo,’ offering outsourced fund management services to third party AIFs in addition to UCITS funds. The solution includes a complete AIFM-licenced third party management platform, based in Luxembourg.
With this ‘SuperManCo’ status, Kinetic Partners (Luxembourg) Management Company is in a unique position to provide a fully-fledged service offering to asset managers who are seeking to distribute funds across Europe or who are required to outsource AIFM responsibilities to an external party.
AIFs marketing and distributing in Europe will now have the option to outsource the full AIFM responsibilities of their fund to Kinetic Partners.Kinetic Partners is also able to provide consulting advice on the management options available for the fund as well as the potential costs.
As an expert in the notification procedures for UCITS funds, Kinetic Partners is naturally enlarging its offering to include assisting AIFs in optimising the use of new passporting possibilities offered under AIFMD.
The SuperMancCo Licence complements that firm’s range of AIFM solutions across Ireland, Luxembourg and the UK, making Kinetic Partners the first port of call for any fund manager looking to distribute funds in Europe.
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Alan Picone, managing director of Kinetic Partners (Luxembourg) Management Company, said: "Kinetic Partners is proud to become the first Advisory and Consulting group to be awarded an AIFM licence by the CSSF in Luxembourg.
"This is a key milestone in the development of Kinetic Partners’ Luxembourg office. Any manager outsourcing AIF obligations to a third-party AIFM as a result of AIFMD can have confidence that with our strong track record in the fund and wider financial services industry, Kinetic Partners can offer industry-leading and cost effective solutions."
Julian Korek, CEO at Kinetic Partners said: "This capability allows us to offer our fund clients a full range of services to meet the needs of the AIFMD. The directive will have a significant impact on asset managers and many are currently looking for ways to offset this burden. Our service reassures managers with the knowledge that their compliance and marketing is being handled by an experienced third party.
"I am proud that we are the first advisory and consulting group to be granted this licence and it is testament to the hard work of the team that we have achieved this. We are constantly looking at how to expand the range of services we offer to our clients and we know that conforming with regulations is a key concern."