Augentius has received authorisation from the Ministère des Finances, Luxembourg to act as an authorised depositary to private equity and real estate funds under the Alternative Investment Fund Managers Directive (AIFMD).
“Luxembourg is an important domicile for us,” says Ian Kelly, group chief executive, “and it is increasingly used as a domicile for private equity and real estate funds. We have already been approved as a depositary in the UK and, with the addition of Luxembourg, we are one of the very few specialist groups able to provide these services across two major domiciles. We are also an Authorised Custodian in Guernsey and as a consequence we are able to provide full, AIFMD-compliant servicing of funds, including depositary, no matter where they are domiciled within Europe.”
“We have been administering funds and vehicles in Luxembourg for a number of years,” says Duncan Smith, managing director, Augentius (Luxembourg) SA. “By adding the depositary capability to our range of services we are now able to act as a ‘one stop shop’ for private equity and real estate managers in the domicile. We are also seeing non-EU managers make use of Augentius’ depositary capabilities as they seek to comply with the private placement regimes now in place in some European countries.”
