AIFM Services FUND MANAGEMENT COMPANY AND AIFM SPECIALISTS IN PRIVATE EQUITY, REAL ESTATE AND DEBT www.lis-aifm.com
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WHO WE ARE Market Leader LIS is a successful third-party UCITS management company and AIFM headquartered in Luxembourg and with an office in Dublin, delivering fund solutions to renowned investment managers and fund initiators. Founded in 2011, we focus on private equity, real estate, infrastructure and debt asset classes. Today we are the leading third-party AIFM in the private funds space. Integrated Solution Provider We help investment managers and fund sponsors realize their investment ideas through turnkey solutions in all aspects of management, governance and servicing of the investment fund structure and supporting vehicles. Together with our sister company Compliance Partners S.A. - a regulated MiFID investment firm - we provide our clients with a full suite of substance, corporate and fund administration services permitting them to focus on the management of the investments. Since February 2018 LIS is part of Sanne Group plc, a leading global provider of alternative asset and corporate administration services. Sanne is a FTSE 250 listed business on the LSE. Dedicated Specialists in Private Equity, Real Estate and Debt We are seriously dedicated to what we do. It is about understanding the business and needs of our clients and delivering first class service. We work together with a network of bespoke business partners who share the same dedication as we do. 3
SEASONED MANAGEMENT TEAM WITH SIGNIFICANT ALTERNATVE INVESTMENT HERITAGE Dr. Pierre Weimerskirch Managing Director Dr. Thomas Goergen Managing Director Daniel Kranz Managing Director Ralph Brödel Managing Director Pierre is responsible for Business Development and Distribution. Previously, Pierre was a Partner at Ernst & Young in Luxembourg where he led the firm s advisory services for Real Estate and Private Equity Funds. He is a board member of the Luxembourg Private Equity Association (LPEA) and serves on the board of a number of Private Equity and Real Estate funds. Thomas is responsible for Investment Management. Previously, he was the Managing Director of cominvest Asset Management S.A., a UCITS ManCo of Allianz Global Investors Group. Thomas was responsible for Product Management and the setup of fund solutions for institutional clients. Thomas was also the Managing Director and Member of the Board of Münchner Kapitalanlage AG, a BaFin-regulated Mutual Fund Company. Daniel is responsible for Operations. Previously, Daniel set up the Luxembourg investment platform of SIGNA Holding, a renowned European real estate development company. Before SIGNA, Daniel was the Head of Fund Accounting at Bank of New York Mellon and Head of Fund Accounting at ADIG Investment Luxembourg S.A. Ralph is responsible for Risk Management and Valuation. He joined LIS from First Climate Asset Management S.A. where he was a Managing Director. Prior to this, Ralph spent several years in Senior Risk Management and managerial positions at leading property specialist bank Aareal Bank, Dublin Branch, and Hypo Pfandbriefbank International S.A. The Management Team is supported by more than 80 experienced professionals. 4
WHY LIS? Specialist in Alternative Funds As we service both UCITS and AIFs we recognize that Alternative Funds have very specific requirements compared to conventional funds and we cater to these specifics. We provide investment managers and fund promoters with solutions and frameworks to implement their investment ideas, which comply with current and future regulations. Client Industry Expertise We make a clear connection between our services and industry knowledge. Our 80+ seasoned professionals bring along a broad and in-depth knowledge of the industries in which our clients operate and support our clients along the entire value chain: Investment Management, Risk Management, Valuation, Compliance and Distribution. Client-centric Our business philosophy goes beyond one size fits all. Hence, we pay particular attention to understanding our clients business and responding to their needs and objectives. We service as central point of contact of our clients fund activities and coordinate the day-to-day activities of the fund with its other service providers. 5
FOUR MAIN CLIENT SEGMENTS CLIENT SEGMENTS (BASED ON AUM) Client Segments Objectives and Needs 14% Asset Managers / Banks Institutional Investors (Insurance Companies and Pension Funds) Launch of an investment fund (UCITS / AIF) for marketing to EU investors and abroad Management of their captive investments through a dedicated investment platform 8% 29% Family Offices / Foundations Pooling of their members wealth into an efficient investment vehicle Internally managed Investment Companies Provision of substance and infrastructure with regard to certain functions Banks Family Office Asset Managers Institutional Investors 49% 6
FOCUS ON REAL ASSET STRATEGIES Private Equity ASSET CLASSES DISTRIBUTION (BASED ON AUM) 3% Real Estate 26% 26% Infrastructure / Renewables Debt 15% Liquid / UCITS 30% 7
LIS SERVICE MODEL COORDINATION OF ALL CLIENT ASPECTS A dedicated LIS product manager is assigned with every new engagement to take overall responsibility for the product and client relationship and acts as central point of contact for LIS internal matters (e.g. Portfolio Management, Risk Management, Valuation, etc.) and external parties. Private Equity & Infrastructure Real Estate Debt Liquid LIS PRODUCT MANAGER Portfolio Management Risk Management Valuation Fund Marketing Compliance LIS online document management and sharing tool Central point of contact for the client Custodian/ Depositary Central Administrator Auditor 8
PROVISION OF INTEGRATED SOLUTIONS TO INVESTMENT MANAGERS AND FUND SPONSORS We service fund vehicles and their underlying structures and provide beside core management company services additional valueadded services to our clients *: Management Company Services Infrastructure & Substance Solutions Fund Marketing & Distribution Services Portfolio Management Company Domiciliation Fund Marketing Registration Support Risk Management and Reporting Company Secretarial Services Support with Distribution Models and Channels Valuation Company Administration Secure Online Investor Portal Regulatory Reporting Company Directors Oversight over Distribution Partners Compliance Monitoring Office Space and Office Support Placement Services * LIS Ireland offers Management Company / AIFM Services only value-added services 9
FULL SUITE OF REGULATORY REPORTING We offer reporting solutions to meet the investment industry s increasing reporting requirements: 10
BESPOKE RISK MANAGEMENT MODELS FOR ALTERNATIVES With the help of investment practitioners and university faculty of finance, LIS has developed bespoke risk management models which capture the key aspects of risk and return of alternative investments and thus allow a better understanding of risk and value drivers. Private Equity Fund of Funds Private Equity Direct Investments Real Estate Debt Funds LIS PE Benchmark Model LIS Single Asset Model LIS Credit Model LIS Fund Risk Reporting LIS Alternative Assets Analytics 11
LEADING EDGE SYSTEM SUPPORT yodoco Our tailor-made compliance-tool yodoco provides an instant overview of the compliance status of your structure. yodoco combines Document Management and Workflow Management applications. Key features are as follows: Alerts which reduce the risk of unexecuted or delayed compliance requirements Templates of reports and processes Possibility to work in a collaborative way on documents Online Portal for sharing fund documents Firm-wide cloud solution, which is accessible worldwide by mobile or fixed devices 12
Portfolio Management Advisory/Manager Agreement 100 % ownership AIFM Agreement GP- Shares OUR SOLUTIONS 1. RENT A MANCO/AIFM LIS - Advisor Setup Portfolio Management and Risk Management functions carried out by LIS Client acts as initiator and advisor for his fund LIS - Manager Setup LIS takes over official role as ManCo/AIFM Portfolio Management function is delegated to external (regulated) Investment Manager Client Fund initiator Investment Advisor/Manager Carry vehicle Investors General Partner Partnership / Fund Depositary Fund Administrator Risk Management Compliance / Delegation Monitoring Valuation Investments Marketing / Distribution 13
OUR SOLUTIONS 2. RENT A COMPARTMENT PORTA-LIS SICAV-SIF * Porta-LIS is an established SICAV-SIF platform providing dedicated sub-funds to investment managers within which they can launch their own strategy. Portfolio Management ** Risk Management Compliance / Delegation Monitoring Valuation Porta-LIS SICAV-SIF Compartment A Compartment B Manager A Manager B Distribution Private Equity Debt / Loan * Not offered by LIS Ireland ** Potentially delegated to investment manager 14
OUR SOLUTIONS 3. LIS HOSTING SOLUTION* Through our hosting solution, we cat as Launchpad to accelerate the launch of our Clients own Management Company/AIFM: Client applies for own license (with the support of LIS) Client takes over core function of Portfolio Management and communication with investors Client delegates and outsources Risk Management and on-going compliance work to LIS and Client Management Company/AIFM can be hosted on LIS platform: Domiciliation of company Provision of office space and office support Providing company directors and conducting officers Support with company administration and secretarial services Support with IT Launch of fund with LIS as third-party AIFM Set-up of own AIFM Transition of client fund to own AIFM 0 1 2 t * Not offered by LIS Ireland 15
OUR SOLUTIONS 4. RENT A COMPARTMENT SECURITIZATION PLATFORM SECULUX* Insurance Companies / Pension Funds Re-qualification of assets into a preferable asset-type under the German Investment Ordinance (AnlV) Option to prepare an external rating for the notes/ Solvency Capital Requirement (SCR) and CRD optimization Avoidance of balance sheet consolidation Shares Venture Capital Loans Hedge Funds Risks linked to debt Real Estate etc. Offshore Funds Debt / Notes / ABS, etc. Feeder Vehicle Private Equity Investor EU-Offshore Managers Attain an EU Marketing Passport under the AIFM Directive Act as a Feeder / Parallel Structure for non-regulated offshore-funds (Cayman, Delaware) Seculux S.A. is an independent Luxembourg-based company which provides a full range of securitization services in all aspects of compliance, sub-stance and corporate services for investors and initiators. * Not offered by LIS Ireland 16
YOUR BENEFITS WORKING WITH US Working with us offers a series of advantages: Reduced costs and operational efficiency for regulatory compliance Minimal upfront investments Direct access to European investors via LIS marketing passport Proven setup model operational with our clients (5 years of operational experience as Management Company and as AIFM with > 100 AIF structures) Highly skilled Luxembourg- and Ireland-based team with many years of senior experience and an ongoing commitment to service delivery excellence 17
CONTACT LIS offers comprehensive outsourcing solutions across the investment management, family office and trust industries. Our client relationship model recognizes the need for a relationship manager and acts as a single point of contact for a client. With robust processes and advanced technology, you are assured of the exceptional consistency in servicing and reporting delivery. LIS Luxembourg LIS Ireland Stephan Grimm Business Development E-mail: s.grimm@lis-aifm.com Phone: +352 26 34 56-691 Mobile: +352 661 186 208 Philip Dempsey Ireland Branch Manager E-mail: p.dempsey@lis-aifm.com Phone: +353 1 906 22 00 Mobile: +353 86 415 0022 18
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LIS Luxembourg Airport Center Luxembourg 5, Heienhaff L-1736 Senningerberg www.lis-aifm.com T +352 26 34 56-1 info@lis-aifm.com LIS Ireland Fourth Floor 76 Lower Baggot Street Dublin 2 www.lis-aifm.com T +353 1 906 22 00 info@lis-aifm.com