Augentius Launches AIFMD Reporting Service With KNEIP

Private equity and real estate fund administrator Augentius, in conjunction with software provider KNEIP, has launched a new Alternative Investment Fund Managers Directive (AIFMD) reporting solution.

The service, AIFMD Reporter, came as a result of a four-month selection process by Augentius for choosing KNEIP’s software, after reviewing five competing systems in total. Augentius chose KNEIP’s solution on the basis of its reach, plugging into any of the 30 regulatory regimes around Europe, as well as the firm’s technical knowledge and experience of delivering similar regulatory reporting solutions across Europe.

AIFMD Reporter offers three levels of service, from total outsourcing through to simply having access to the software, and users will be able to transition across the different service levels over time.

“There are numerous AIFMD reporting solutions on the market, but most are just systems-based. AIFMD Reporter stands out—it’s a combination of the best system supported with technical help and support from Augentius,” says Ian Kelly, CEO of Augentius. “The service is focused entirely on the private equity and real estate sector, which faces a number of distinct challenges relative to other sectors affected by AIFMD. AIFMD reporting involves a lot of manual work, and many firms will need expert guidance at the very least. There is also a future-proofing element. AIFMD is still evolving, but our service will stay on top of the developments, across 30 different countries, so clients don’t have to.

“The deadline for the first tranche of AIFMD reporting couldn’t come at a worse time for private equity and real estate managers. CFOs already have enough on their plate delivering to investors and assisting with hectic deal flows. The last thing they want is another onerous and alien reporting burden, the details of which are still unclear in many jurisdictions even at this late hour.”