Tue, Sep 21, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

FundRock launches fund distribution offering for non-EU managers

Thursday, April 22, 2021
Opalesque Industry Update - FundRock, the European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), announced the launch of a new operation in Luxembourg that will provide fund distribution solutions to non-EU asset managers. It is one of the first examples of a super ManCo expanding to distribution services.

Asset managers, for which FundRock or its affiliates act as ManCo/AIFM, will be able to access FundRock's fund distribution solutions through the recently established FundRock Distribution S.A. ("FundRock Distribution"), which has received authorisation as an investment firm from the Commission de Surveillance du Secteur Financier ("CSSF") in Luxembourg.

FundRock Distribution's services will support asset managers from the US, UK, Asia and other third country jurisdictions in distributing funds across the EU region. FundRock Distribution will also leverage the Group's existing partnerships with all key fund distribution platforms, thereby offering asset managers streamlined and cost-effective market access and proximity to European investors.

The new initiative, led by managing director Arnaud Gérard, CFA, launches with a strong client base from countries including Switzerland, United Kingdom and United States. To meet the market demand, FundRock is building a centre of excellence, recruiting its own experts institutional / wholesale team throughout 2021.

This announcement adds to the strong momentum of the FundRock business, following its acquisition by Apex Group Ltd. In recent months, FundRock has surpassed the milestone of €100bn AUM, as well the launch of its French private equity and real estate AIFM which will assist international and domestic professional investors in accessing French investment vehicles.

"FundRock's dual role as a super ManCo and a MiFID approved investment adviser/distributor, means that it is now strategically placed to represent asset managers through its deep understanding of clients' investment strategies and portfolios. We are pleased to have received regulatory authorisation from the CSSF, demonstrating our ongoing commitment to helping our clients meet the highest regulatory standards," said Arnaud Gérard, Managing Director, FundRock Distribution S.A..

Xavier Parain, Head of FundRock, adds: "Today's announcement is the most recent example of FundRock's continued innovation to meet the evolving needs of our clients and support their growth. We are proud to be leading the way in the industry, as one of the first super ManCo's to offer distribution services. FundRock Distribution is complementary to our existing business lines and further strengthens FundRock's compelling client offering."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys