Vistra has been selected to provide fund administration services for the Privium Selection Fund platform via its specialist fund services division operating out of Luxembourg.
The Privium Selection Fund will be managed by Privium Fund Management (UK) Ltd. The Privium platform proves a flexible one-stop Luxembourg-based solution for the launch of differing styles and sizes of funds, each backed by competitive pricing options.
Vistra Fund Services has worked closely with Clayton Heijman of Darwin Platform and Loyens & Loeff Luxembourg on the setup and marketing of the specialized platform.
In today’s competitive environment, time-to-market and costs are of the essence, says Ivo Hemelraad, managing director of Vistra Fund Services (Luxembourg). Privium provides a high-quality and high-speed setup which still allows for tailor-made solutions. Privium therefore lives up to our credo of ‘We will adapt to your requirements, not force you to fit ours.
Privium Fund Management (UK) Ltd., regulated by the Financial Services Authority, will focus on manager startup activities in Europe and the US. Privium offers asset management, middle- and back-office administration, marketing, office infrastructure and support.
‘The infrastructure that we have put together is a combination of top-quality systems, together with an umbrella fund structure in Luxembourg, Heijman says. This means that a manager can set up a fund in Luxembourg in record time. Managers can benefit from all areas of our expertise ranging from capital introduction to providing office space. Our setup is ideal for managers who want to establish their fund on a solid foundation which allows for flexibility and growth.
(CM)