Optimise the protection and oversight of your fund's assets with our AIFMD depositary services
Maximise the effective performance of your fund
Alternative investment fund managers operating under the AIFMD must appoint a depositary to safeguard the fund’s assets, monitor the cash flow and perform oversight duties of the fund.
TMF Group is a professional depository of assets other than financial instruments. We provide independent third-party services for investment structures in real estate, private equity, private debt and infrastructure.
Our multilingual and experienced teams help your structures remain compliant while protecting investor assets. We provide ongoing cash flow monitoring, perform all mandatory due diligence and manage ongoing asset ownership verification. We also oversee net asset value calculations, investor transactions and compliance with the fund’s investment restrictions.
Depositary services
To comply with AIFMD requirements, we conduct daily verification of all inflow and outflow transactions across fund accounts, confirming that relevant documentation is allocated as supporting evidence for each movement. We also verify that all transactions are consistent with the fund’s investment strategy and legal documentation
As a fully independent third party acting in the interests of the investor, we provide safekeeping for the fund's assets while working seamlessly alongside the fund administrator.
We perform the mandatory controls for transaction ownership verification during the disposal or acquisition of assets, verifying all underlying entities from the fund to the target assets.
We also perform record keeping duties by maintaining an independent asset register that reflects the current fund’s portfolio, updating it to reflect changes during sales or acquisitions. This includes the provision of the annual transaction ownership verification for auditing requirements.
As a depository, we maintain full oversight duties on the fund, including the following services:
1. Oversight duties on the NAV calculation
We confirm that NAV is calculated according to the PPM, that management fees are correct and that the final balances disclosed in the NAV pack match the bank statements.
2. Oversight duties on the investment restriction of the fund
We monitor investments according to the fund’s investment policy of the fund and perform independent testing, identifying and reporting any breaches.
3, Oversight duties on subscription, redemption, capital calls and distribution
We verify the accuracy of any new subscription documentation, monitor the amounts for redemption payments, and both capital calls for new investments and legitimate profit distribution to the investors.
4. Annual due diligence on third parties
We maintain ongoing due diligence with third parties, such as the central administration and asset management company, to support regulatory compliance.
Why choose TMF Group?
Full service solutions provider
TMF Luxembourg offers extensive fund administration services, including domiciliation, central administration, depositary and AIFM, that facilitate the secure sharing of documents.
Boutique fund administration
We offer boutique depositary services with a carefully managed client load for optimal performance, delivering visibility via KPI reports and active involvement in the fund’s board meetings.
Market-leading technology
We use innovative depositary-specific software to enhance efficiency, creating instant access to essential controls and fund static data and integrating cash flows automatically.
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