AIFM & UCITS Management Company Services
St Stephens Green Fund
The St. Stephen's Green Fund ICAV is an umbrella structure offering a solution for clients looking to launch a regulated fund under the AIFMD.
St Stephens Green Fund
St. Stephen's Green Fund (the Platform) is an Irish Collective Asset Management Vehicle (ICAV). The Platform is an umbrella structure offering a solution for clients looking to launch a regulated fund under the AIFMD.
Managed and promoted by MPMF, the Platform is regulated by the Central Bank of Ireland as a Qualifying Investor Alternative Investment Fund (QIAIF). MPMF, as the AIFM, can appoint an investment manager selected by the client or alternatively, the Platform can provide an investment manager to execute the fund’s investment strategy.
The Platform offers small to mid-size clients a flexible solution to AIFMD, where the outlay of resources associated with launching and maintaining a fully-fledged standalone QIAIF may not be viable. Clients take advantage of an established fund platform with regulatory approval, experienced service providers and legal agreements already in place.
The Platform's approach to AIFMD has a number of advantages in comparison with establishing a standalone vehicle, including:
- Established compliance and corporate governance structure: the board of the Platform has responsibility for the on-going compliance, regulatory and corporate governance of an AIFMD-compliant fund, including Annex IV reporting, allowing the client to focus on their core competencies.
- Lower establishment costs: the Platform allows certain fixed overheads and costs (such as directors’ fees) to be spread across several funds.
- Improved speed to market: the Platform offers clients a turnkey solution and can establish a new fund in a short timeframe.
- Project management: the Platform offers a dedicated on-boarding team responsible for agreeing operational flows, creating reporting requirements with each service provider for all management functions and establishing lines of communication for escalation procedures.
- Branding: the Platform offers the ability for a client to use their own branding at sub-fund level.
- Integrated risk and regulatory reporting: the Platform can provide risk reporting, including reporting on performance and analytics alongside regulatory reporting such as Annex IV, FATCA/CRS and EMIR.
- Substance: MPMF has established substance by retaining the fund risk management function as required under AIFMD.
Related Contacts
KNOWLEDGE
- The CLOser - June 2024 27 June 2024
- Luxembourg A Flexible EU Securitisation Regime 21 May 2024
- The Corporate Transparency Act US CLO Co Issuers and Issuer Subsidiaries 30 April 2024
- Hong Kong Corporate Inspection Regime Enters Third Phase 01 March 2024
- Artificial Intelligence and Fund Governance 27 February 2024
NEWS & DEALS
- Maples Group Expands UK Fiduciary Team with Key Corporate Secretarial Appointment 06 June 2024
- Maples Group's Global Asset Finance Team Recognised Again on Aviation Finance Deals of the Year 02 May 2024
- Maples Group Receives Continued Recognition for Information Security Management with ISO 27001 Certification 01 May 2024
- Maples Group Moves to New London Office with a focus on Clients, People and Collaboration 24 April 2024
- Maples Group Launches UK Liquidations Services 10 April 2024