Ocorian granted Luxembourg licence
Ocorian’s has been granted authorisation in Luxembourg to act as a depositary to alternative investment funds (AIFs).
The move It also complements the other fund administration and accounting services Ocorian already provides in Luxembourg.
Ocorian has offered depositary services to AIFMs since 2014. The firm is licenced in the UK and Jersey to offer the services to closed-ended structures holding non-financial instruments, under the alternative investment fund managers directive (AIFMD).
Profile:
Categories: NewsFundraising & fund structuringDomicilesOutsourcingFund administrationRegs & ComplianceDomicile
More from The Drawdown
22 April 2024
Hamilton lane ‘pushes back’ on NAV loans
“We want to ensure the right guardrails are in place to protect LPs,” says managing director John Stake
23 April 2024
Freyda partners with Fencore
The data extraction specialist joins forces with the data management platform
22 April 2024
Pictet launches ELTIF
Vehicle set to focus on co-investments in environmental technology
22 April 2024
No PE access for largest sovereign wealth fund – again
Norway’s $1.6trn oil fund has been considering adding unlisted equities as an investment asset class since at least 2010
22 April 2024
Ennea Capital’s von Herman joins ACE
Former director of operations of VC firm moves to fund admin as VP and head of customer excellence
19 April 2024
RSM appoints new head of private equity
Stuart Clowser succeeds Charlie Jolly who was previously in the role for nine years