Alter Domus will leverage this experience to provide such services in other relevant countries and is considering the legislation and guidance as it is published with this regard. Alter Domus is launching a depositary service to support its clients in meeting a new requirement for funds captured under the AIFM Directive to appoint an independent depositary.

Laurent Vanderweyen, Luxembourg CEO & Head of Fund Services said “It is a natural evolution of the Alter Domus product offering that allows us to provide a complete solution for Private Equity and Real Estate Structures. We assist our clients by providing them a vertically integrated approach, from the outsourced fund administration to the management of local companies, including also now the depositary function”

Alter Domus will offer full depositary services to its Private Equity and Real Estate clients. The role of depositary can be summarised in three main features; Safekeeping of assets, Cash flow monitoring and other Oversight duties such as overseeing fund compliance and transactions in relations with investors.

“Selecting an experienced firm operating in the real estate and private equity industry like Alter Domus as a depositary, will be decisive to obtaining an efficient answer to the new challenges set by the AIFM directive,” stated M. Vanderweyen.

Alter Domus is more than ready to assist its clients through the evolution of the AIFM Directive and is available to discuss how the regulation may impact individual funds and advise on potential solutions.