Kinetic Partners Granted AIFM Licence

Advisory and consulting group Kinetic Partners has been granted an Alternative Investment Fund Manager (AIFM) licence by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
By Janet Du Chenne(59204)
Advisory and consulting group Kinetic Partners has been granted an Alternative Investment Fund Manager (AIFM) licence by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).

Kinetic Partners (Luxembourg) Management Company can now operate as a ‘Super ManCo,’ offering outsourced fund management services to third party AIFs in addition to UCITS funds. The solution includes a complete AIFM-licenced third party management platform, based in Luxembourg.

AIFs marketing and distributing in Europe will now have the option to outsource the full AIFM responsibilities of their fund to Kinetic Partners. Kinetic Partners is also able to provide consulting advice on the management options available for the fund as well as the potential costs. Kinetic Partners is enlarging its UCITS consultancy offering to include assisting AIFs in optimising the use of new passporting possibilities offered under the Alternative Investment Fund Managers Directive.

Alan Picone, managing director of Kinetic Partners (Luxembourg) Management Company said: “Kinetic Partners is proud to become the first advisory and consulting group to be awarded an AIFM licence by the CSSF in Luxembourg.

Julian Korek, CEO at Kinetic Partners said: “This capability allows us to offer our fund clients a full range of services to meet the needs of the AIFMD. The directive will have a significant impact on asset managers and many are currently looking for ways to offset this burden. Our service reassures managers with the knowledge that their compliance and marketing is being handled by an experienced third party.

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