Luxembourg-based fund services provider Alter Domus has launched a third party AIFM management service with the acquisition of Luxembourg Fund Partners.
Established in 2009 by Luc Leleux and Julien Renaux, Luxembourg Fund Partners offers integrated investment fund services and asset management activities.
The deal will allow Alter Domus to offer set-up support, administration and management company services to international fund promoters.
“Becoming part of the Alter Domus Group gives our clients access to the full range of fund and corporate services across multiple jurisdictions, and importantly provides us with the ideal platform to further accelerate our success in building a regulated management company practice in Europe,” Renaux said.
The acquisition, terms of which were not disclosed, is subject to regulatory approval.
Alter Domus CEO Laurent Vanderweyen said: “Alter Domus is committed to providing fund managers with a comprehensive, flexible and truly vertically integrated service, and this acquisition of Luxembourg Fund Partners is testimony to that. It consolidates Alter Domus’ position as the recognised leader in fund services and provides a compelling offer to asset managers seeking a “one stop shop” AIFMD solution across the European alternative funds market.
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By GlobalData