Alter Domus is launching a new third party AIFM management service offering as it continues to enhance its vertically integrated range of services to the alternative funds market; the fully integrated fund and corporate services provider has signed an agreement to acquire Luxembourg Fund Partners, subject to the usual regulatory approvals from the Luxembourg regulator.
On completion of the deal, Alter Domus will be able to provide set-up support, administration and management company services to international fund promoters.
Luxembourg Fund Partners was founded in 2009 by Luc Leleux and Julien Renaux as an independent management company focusing on integrated investment fund services and asset management activities. It offers comprehensive and tailor-made investment solutions to asset managers as well as institutional and private investors.
Alter Domus CEO, Laurent Vanderweyen said: “Alter Domus is committed to providing fund managers with a comprehensive, flexible and truly vertically integrated service, and this acquisition of Luxembourg Fund Partners is testimony to that. It consolidates Alter Domus’ position as the recognised leader in fund services and provides a compelling offer to asset managers seeking a “one stop shop” AIFMD solution across the European alternative funds market. We fully expect the demand for a high quality ManCo services to continue to grow.”
Luxembourg Fund Partners Founder and Executive Board Member, Julien Renaux said: “The third party management company model has been defined as a turnkey solution for promoters looking for efficient solutions as part of their pan European strategy and requirements under the AIFM Directive. Becoming part of the Alter Domus Group gives our clients access to the full range of fund and corporate services across multiple jurisdictions, and importantly provides us with the ideal platform to further accelerate our success in building a regulated management company practice in Europe.”
Luxembourg Fund Partners Founder and Executive Board Member Luc Leleux added: “I strongly believe that Alter Domus will bring the company to the next level and contribute significantly to its transition to become a leading pan European Management Company for international fund promoters.”