Avega launches AIFM business

Luxembourg-based service provider Avega has launched a new AIFM business line, Avega Capital Management (ACM).

ACM aims to “shake up the fund industry and bring a new approach to alternative investments”. It is headed up by Avega’s founding partners, Wolfgang Zettel and Stefan Lambert, with four new co-founders, Stephan Grimm, Viktoria Heyer, Jens Holzhäuser and Nic Müller.

According to Heyer, increased M&A activity in the service provider space has caused firms to look inwardly at their own operations, to the detriment of the client. “Now more than ever before, the client has to be at the heart of every decision, every action, every move into the future. This is why our new AIFM has this as its mantra: client, a capite ad calcem (from head to heel).”

ACM is part of Avega, which was established in 2006. The firm delivers a variety of services including corporate and governance services, tax services, liquidator services and audit services, across its four offices in Luxembourg, France, Spain and the Netherlands.