Approved AIFM Registrations in the UK, France, Ireland and Luxembourg


 

Increasing number of AIFMD-compliant ManCos emerging

22 May 2014

A growing number of professional services firms have set up management company (ManCo) platforms offering fund managers delegated risk management allowing them to become compliant with the EU’s Alternative Investment Fund Management Directive (AIFMD).

“What has been interesting is the number of service providers becoming AIFMs and are viewing the AIFMD as a compliance-based directive and are offering focused compliance-based solutions built around their experience in the ManCo world,” said Mark Fitzpatrick, COO at RiskSystem, an independent risk management service provider in Dublin, Ireland.

One of the most pressing albeit lesser reported concerns for managers is showing to regulators that they have appointed a hierarchically and functionally separate risk officer so as to avoid potential conflicts of interest.  The appointment of a hierarchically separate risk officer should be a relatively straightforward exercise for established managers who can simply hire an individual to a senior position at the management committee level where they theoretically will be able to perform independent risk oversight.

For smaller managers, it is more complicated.  However, some firms including Cordium, DMS, Carne Group, Crestbridge , MDO, MPL Group  and KB Associates, are establishing regulated management companies to provide delegated risk management for AIFs while allowing on-going portfolio management to be undertaken by the investment manager. 

This also enables non-EU firms to avoid having to invest in bricks and mortar if they elect to market to EU investors through national private placement regimes.  There are also independent risk management service providers such as RiskSystem offering risk management services to allow smaller managers and internally managed AIFMs to comply with AIFMD.

“If the decision is made to appoint a third party AIFM, this will enable managers of non-EU funds to market across various member states. It is a cost-effective method and helps firms avoid having to invest in substance, boots or infrastructure on the ground,” added Fitzpatrick. 



COUNTRY NAME OF AIFM
France 1 2 3 Venture
France 4D Global Energy Advisors S.A.S.
Luxembourg A&G Luxembourg AM S.A.
UK Abbeville Partners LLP
France Abenex Capital
UK Abraxas Capital Management Limited *
France Access Capital Partners
France Activa Capital
UK Adelante Asset Management Limited *
UK AgFe LLP
UK Alcuin Capital Partners LLP *
UK Aleph Capital Partners LLP *
UK AltCap LLP *
France Alternative Patrimoniale AM
UK Altus Capital Limited *
UK Amadeus Capital Partners Limited *
France Amplegest
France Amundi Alternative Investments SAS
France Antin Infrastructure Partners
UK Antin Infrastructure Partners UK Limited
Ireland Appian Asset Management Limited
Luxembourg Arcange Reim
UK Argenta Asset Management LLP
UK Arhammar Global Capital Management (UK) LLP *
UK Arrowbridge Capital Limited *
UK Asperatus Capital LLP *
Luxembourg Assenagon Asset Management S.A.
France Aster Capital Partners S.A.S
France Auris Geston Privee
Ireland Aurum Funds plc
UK Aventa Capital Partners Limited *
France AXA Private Management
Luxembourg Axxion S.A.
UK Azini Capital Partners LLP *
France Azulis Capital
UK Babson Capital Global Advisors Limited
France Bagan AM
UK BCM & Partners LLP
UK Beechbrook Capital LLP *
UK Belador Advisors UK Limited *
UK Bestport Ventures LLP *
Ireland BlackRock Asset Management Ireland Limited
UK BlackRock Fund Managers Limited
UK BlueBay Asset Management LLP
France Bluehive Capital
France BNP Paribas Real Estate Investment Management (France)
UK BNY Mellon Fund Managers Limited
UK Bowmark Capital LLP *
UK Bridgepoint Advisers II Limited
UK Bridgepoint Advisers Limited
UK Brookland Partners LLP *
UK Bybrook Capital LLP
France Cap West
France Carmignac Gestion
Ireland Carne Global Fund Managers Ireland Limited
Luxembourg Caso Asset Management
UK Castle Trust Capital Management Limited *
France Cathay Capital Private Equity
UK CBPE Capital LLP *
France CBT Gestion
UK CD Capital (UK) Limited *
France Cerea Partenaire
France Cholet Dupont Asset Management
France Ciclad Gestion
UK Circadia Ventures LLP *
UK CKP Ventures Limited *
UK Clean Energy Partners LLP *
UK Clear Peak Capital LLP *
UK Coach House Investment Managers Limited *
Luxembourg Coeli Asset Management
UK Connect Ventures LLP *
Luxembourg Credit Suisse Fund Management S.A.
Luxembourg Crestbridge Management Company S.A.
UK Cyan Oak Capital (UK) LLP *
France Darius Capital Partners S.A.
UK Deutsche Alternative Asset Management (Global) Limited
UK Deutsche Alternative Asset Management (UK) Limited
Ireland DMS Offshore Management Services (Europe) Limited
France DNCA Finance
UK Doughty Hanson Partners LLP
UK Duke Street LLP
UK Dunedin LLP *
Luxembourg DWS Investment S.A.
UK East Lodge Capital Partners LLP
Luxembourg ECE Real Estate Partners S.A.R.L.
Ireland EEA Select Fund Management (Ireland) Limited
UK Elephant Capital LLP *
UK Elysian Capital LLP *
UK EM ES Funds Management LLP *
UK Enterprise Ventures Limited *
UK Episode 1 Ventures LLP *
France Equitis Gestion S.A.S.
UK EV Business Loans Limited *
UK FF&P Private Equity Limited *
France Finaltis S.A.
France Financiere De L'Echiquier
UK First Property Asset Management Limited *
France Five Arrows Managers
UK Flight & Partners Limited *
France Flornoy & Associes Gestion
Luxembourg Flossbach Von Storch Invest S.A.
France Fonciere Des Regions SGP
Luxembourg Franklin Templeton International Services S.A.
UK FSE FUND Managers Limted *
UK Fundamental Asset Management Limited *
France Fundlogic
Luxembourg Fundpartner Solutions (Europe) S.A.
UK G Square Healthcare Private Equity LLP *
Ireland Gandon Alternative Fund Management Limited
UK Gemsstock Limited *
UK Geneva Capital Partners LLP *
Luxembourg GLL Management Company S.A.R.L.
Luxembourg Global Funds Management S.A.
UK Gracchi Capital Partners LLP *
UK Graphite Capital General Partner VIII LLP *
UK Gresham LLP *
UK Grosvenor Investment Management Limited
UK Growth Capital Partners LLP *
UK HarbourVest LLP Partners (Europe) Limited
UK Hastings Funds Management (UK) Limited
Luxembourg Hauck & Aufhauser Investment Gesellschaft S.A.
France Hellebore Capital Management
UK Henderson Property UK AIFM Limited
UK Hermes Alternative Investment Management Limited
UK Hermes BPK Limited
Luxembourg Hines Luxembourg Investment Management S.A.R.L.
UK Hollbeach Investment Management LLP
UK Hollyport Capital LLP *
Ireland Hosking & Co Limited
UK Hutton Collins Partners LLP *
UK ICG Alternative Investment Limited
France Idinvest Partners
UK IDS Capital (UK) Limited *
UK IKEN Capital LLP *
UK Imara Asset Management (UK) Limited *
Luxembourg Inter Fund Management S.A.
Luxembourg Ipconcept (Luxemburg) S.A.
Ireland IPUT Plc
UK Islandbridge Capital Limited *
UK JMH Investment Management LLP *
France John Locke Investments
UK JP Morgan Mansart Management Limited *
UK Kalis Capital LLP *
Ireland KBA Consulting Management Limited
UK Keyhaven Capital Partners Limited *
France Keyquant SAS
Luxembourg Kinetic Partners (Luxembourg) Management Company S.A R.L.
UK Kings Park Capital LLP *
France L Capital Management
UK Legal And General Property Partners (Operator) Limited
UK Lend Lease Real Estate Investments Limited
UK Leo Fund Managers Limited *
UK Lothbury Investment Management Limited
Luxembourg LRI Invest S.A.
UK Ludgate Investments Limited *
Luxembourg Luxembourg Investment Solutions S.A.
UK Lyceum Capital Partners LLP *
France Lyxor Asset Management
France Mansartis Gestion
UK Marick Capital Limited *
UK Marshall Wace LLP
France Matignon Finances
UK Meadow Capital Management LLP *
UK MENA Capital LLP *
France Meridiam
UK Metronome Capital LLP *
UK Midas Investment Management Limited *
UK Midven Limited *
UK Milestone Capital Partners LLP *
Luxembourg Miraboud Asset Management (Europe) S.A.
France Mirova
UK Mithras Capital Partners LLP *
UK Moorfield Investment Management Limited
UK Morgan Stanley Investment Management (ACD) Limited
Ireland MPMF Fund Management (Ireland) Limited
Luxembourg Multiconcept Fund Management S.A.
Ireland Muzinich & Co. (Ireland) Limited
France Natixis Asset Management
UK NEL Funds Managers Limited *
UK Neptune Investment Management Limited *
UK Nesta Investment Management LLP *
UK Newcore Capital Management Finance LLP *
UK Next Wave Partners LLP *
France Nixen Partners
UK NorthStar Equity Investors Limited *
Luxembourg NOTZ, Stucki Europe S.A.
Ireland Nowlan Property REIT Management Limited
France OFI Gestion Privee
Luxembourg OFI Lux
UK Old Park Capital Limited *
Luxembourg Oppenheim Asset Management Services S.A R.L.
France Oudart Gestion
UK Ovington Capital Management LLP
France PAI Partners
UK Palatine Private Equity LLP *
UK Pall Mall Partners Limited *
UK Palmerston Capital Management LLP *
UK Panima Capital LLP *
UK Pantheon Ventures (UK) LLP
UK Par Fund Management Limited *
UK Park Walk Advisors Limited *
UK Passion Capital Investments LLP *
UK PCM Partners Limited
UK Pembroke Investment Managers LLP *
UK Penta Capital LLP *
France Permal Group SAS
Luxembourg Pioneer Asset Management S.A
UK Piper PE LLP *
UK Piquant Technologies LLP *
Ireland Premier Benchmark Property Limited T/A Greenman Investments
UK Promethean Investments LLP *
France Quadrature Investment Managers S.A.S.
UK Quality Capital Management Limited *
UK RGL Capital LLP *
UK Rhodium Capital Management LLP *
UK Risk Capital Partners LLP *
UK Riverfield Partners LLP *
UK RiverRock European Capital Partners LLP
UK RJD Partners Limited *
France Rothschild Et Cie Gestion
France Rothschild HDF Investment Solutions
France Sagard SAS
UK SAGAT Capital Limited *
France Saint Olive Gestion
UK Sapia Partners LLP *
UK Scottish Equity Partners LLP *
France Seven Capital Management
France SG29 Haussmann
UK Silverfleet Capital Partners LLP
UK Skyline Capital Management LLP *
UK SL Capital Partners LLP
Luxembourg SMBC Nikko Investment Fund Mangement Company S.A.
UK Social and Sustainable Capital LLP *
UK Social Finance Limited *
France Societe Privee De Gestion Et De Conseil
UK Sturgeon Capital Limited *
UK Susan Johns LLP *
Luxembourg Swancap Investment Management S.A.
Luxembourg Swedbank Management Company S.A.
Luxembourg Swiss & Global Asset Management (Luxembourg) S.A.
France Swiss Life Asset Management (France)
France TCR Capital
UK Thompson Taraz Managers Limited *
France Tikehau Investment Management
France Tobam
Ireland Towers Watson Investment Management (Ireland) Limited
UK True Partners Capital LLP *
UK Truestone Impact Investment Management Limited *
Luxembourg UBS Fund Management (Luxembourg) S.A.
France Unigestion Asset Management (France)
France Union Investment Real Estate France
France Uzes Gestion
UK Vespa Capital LLP *
UK Victoria Capital (UK) Limited *
France Viveris REIM
Luxembourg Wallberg Invest S.A.
UK Westbridge Fund Managers Limited *
UK White Rock Capital Partners LLP *
UK White Square Capital LLP *
UK Zouk Capital LLP *

Last update: 22 May 2014
 

* UK AIFMs marked '*' are 'Small Authorised UK AIFM' as opposed to 'Full Scope UK AIFM'