Ipes authorised by the FCA as private equity AIF Depositary
Ipes has received Financial Conduct Authority (FCA) authorisation to act as private equity AIF Depositary under the Alternative Investment Fund Managers Directive (AIFMD).
Ipes Depositary currently acts for 118 Alternative Investment Funds (AIFs), representing over USD49 billion in commitments, for 25 private equity clients (AIFMs).
As a pure private equity specialist, Ipes has designed a depositary service in conjunction with Big Four expertise and leading law firms to be tailored to private equity funds.
Ben Cook, managing director of Ipes UK, says: “We are delighted to receive our AIF Depositary licence. Clients tell us that our pragmatic, technology based approach is the reason they selected us. With our licence in place, we look forward to building long lasting depositary relationships with existing clients and welcoming new clients to our service.”
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