Independent Swiss private company, Constellation has selected Ipes as the administrator for its Constellation III German Asset Light Fund.
The fund, which will focus on investing in growth companies in the service sector in German speaking Europe, reached its successful final closing in early December 2011.
Ipes Luxembourg will provide a complete range of services for the fund, including domiciliation, central administration, registrar and transfer agency services and the provision of directors.
Constellation chose to work with Ipes following a competitive tender process involving a total of four administrators.
Marinus Schmitt, Associate Director at Constellation said “Looking ahead we wanted to partner with a firm with the skills and flexibility to adapt to our changing requirements. An established presence in Luxembourg with a specialist background in private equity was also important to us.'
'Ipes ticked all these boxes and also came highly recommended by one of our Partners who had worked with them previously. What’s more they ensured that our account team included German language skills which were of particular importance to us given our investment focus and investor base.”
Simon Henin, Managing Director for Ipes Luxembourg said “We were delighted to be selected by Constellation. Winning this mandate is positive for both our firm and the jurisdiction more generally underlining Luxembourg’s growing reputation as the EU domicile of choice for PE funds. The firm has an excellent reputation in Europe and we look forward to working with Marinus and the team on the next stage of their fundraising”.
Ipes commenced operation in Luxembourg in 2009 and has since gone from strength to strength. The firm is servicing ten clients and a range of investment fund and Soparfi structures.