The Alternative Investment Fund Managers Directive (AIFMD) has been in effect across Europe since July 2014. Fund Managers captured under the regime typically need to appoint an independent Depositary and undertake Annex IV reporting. Ipes is an AIF Depositary. We focus on closed ended structures that generally invest in non listed assets.
Ipes’ Contingent Depositary
This applies to Managers wishing to market in countries with a Depositary requirement but unsure if investor Funds will be raised. They can sign up with Ipes for a small abort fee in order to name a Depositary to national regulators. The full Depositary service is activated only when Funds are raised.