Privium Fund Management has launched a new fund structure for emerging fund managers in Europe, the Privium Investment Fund.
The fund structure allows portfolio managers to develop a track record and generate performance within an institutional fund infrastructure.
Similarly to developments in the US, the number of emerging managers with alternative funds is growing rapidly in Europe. New investment themes and specialised skills provide tailored solutions for different investors. The evolution of alternative funds together with new regulations has made this asset class an interesting area for professional investors.
The Privium Investment Fund’s structure allows managers to focus on generating investment returns whilst providing a robust structure for seed and early investors.
The structure comprises established firms with decades of experience in the alternatives industry. It aims to support new initiatives with liquid strategies and listed instruments. The fund itself is structured as an umbrella fund domiciled in the Cayman Islands. It incorporates new regulations including AIFMD, FATCA and EMIR as well as upcoming new regulations in Switzerland. It also offers the possibility to add on several other services benefitting from the economies of scale of the platform. In the UK the investment management activities are authorised and regulated by the Financial Conduct Authority.
“We are excited to offer this efficient way of starting an investment fund. Given the fact that investors are looking for track record and expertise, we offer teams the opportunity to start with an efficient fund structure that allows them to focus on their investment skills,” says Clayton Heijman, director, Privium Fund Management. “We use our own knowledge and international expertise to support emerging managers. This cost-effective combination meets both the requirements of professional investors and the regulatory requirements of today.
“In this unique set-up, that allows Privium’s clients to develop their business, we support the need for a proper infrastructure. This is essential to grow a business in different stages.”