INDOS Financial’s recent extension of AIFMD depositary services beyond hedge funds into private equity and other real asset funds has been profiled in the Q2 2015 edition of Global Fund Media’s Alpha Q. Please click here to read the magazine.
INDOS Financial profiled in Alpha Q magazine
INDOS Financial extends FCA licence to act for UK private equity funds
4 June 2015: London
INDOS Financial Limited has received approval from the Financial Conduct Authority to extend its Alternative Investment Fund Managers Directive (AIFMD) depositary services to UK private equity and other types of closed ended alternative investment funds (AIFs). In addition, INDOS has been authorised to perform the safe keeping of financial instruments depositary duty for non-EEA AIFs.
Since the introduction of the AIFMD in July 2014 INDOS has successfully grown its independent depositary business and now acts for, or is in the process of being appointed to, 40 AIFs representing in excess of $4bn of assets. The initial focus of the business was open ended hedge fund strategies managed by EU alternative investment fund managers (AIFMs) but clients now include private equity managers and non-EU AIFMs marketing AIFs in Germany and Denmark.
The extension of our regulatory permissions is another milestone for INDOS. Over the past year we have already established an excellent reputation as an independent depositary to open ended hedge funds. Increasingly we were receiving enquiries from managers of closed ended private equity funds. We have responded to these requests and are now able to act for a broader range of fund structures, strategies and domiciles.
As an independent provider with the ability to act for open and closed ended funds across hedge and private equity strategies, INDOS holds a unique position in the market.