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Alternative Market Briefing

Finles Capital offers non EU managers AIFMD solution to access to European capital

Monday, June 30, 2014

Precy Dumlao, Opalesque Asia:

Finless Capital has partnered with IMP Professionals to develop a cost-efficient, one-stop-shop solution allowing non-EU based investment fund managers to raise capital throughout the European Union under the new legislation, the Alternative Investment Fund Managers Directive (AIFMD) which will come into full force on July 22.

The partnership of the two firms deploys a platform for funds and fund services next to managing a family of funds. Finles Capital Management is fully licensed and regulated in The Netherlands, and approved by the Maltese Authorities for managing Maltese UCITS Funds as well as registered with the SEC as an investment advisor.

Under the new EU legislation, investment fund managers that are domiciled outside the EU and that have not obtained a fund management license in a EU member state are no longer allowed to raise capital in the European Union after the deadline. There is a temporary escape as well as a structural solution though, say the two firms. The partnership has developed a business proposition for non-EU investment fund managers that intend to raise capital in the European Union under the recently implemented AIFM or UCITS Directives.

Robert Vennegoor, founding at Partner IMP Professionals, said, "We propose a most cost-efficient, one-stop-shop solution entailing: The turn-key efficient tax and legal structuring of a Netherlands-domiciled (SICAV or alternate) investment fund and its incorporatio......................

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