AIFM Services Luxembourg Investment Solutions S.A. INDEPENDENT FUND MANAGEMENT COMPANY AND AIFM Airport Center Luxembourg 5, Heienhaff L-1736 Senningerberg www.lis-aifm.com
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WHO WE ARE Market Leader Luxembourg Investment Solutions S.A. (LIS) is a successful third-party UCITS management company and AIFM headquartered in Luxembourg and with offices 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 independent 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. Independent LIS is a truly independent Management Company. This independence allows flexibility, quick decision-making and the possibility to work together with a broad network of bespoke business partners. 3
SEASONED MANAGEMENT TEAM WITH SIGNIFICANT ALTERNATVE INVESTMENT HERITAGE Dr. Pierre Weimerskirch Managing Partner Dr. Thomas Goergen Managing Partner Daniel Kranz Managing Partner 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. Prior to this, Pierre held managerial positions at Arthur Andersen and Arthur D. Little. Pierre started his career as a Fund and Portfolio Manager for Institutional Clients with UBS Bank. 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 Münchener 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. 4 The Management Team is supported by 60 experienced professionals.
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 60 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 and no Conflicts of Interest 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. As an independent and pure third-party Management Company we do not need to juggle between our own and our clients investment strategies and vehicles. 5
FOUR MAIN CLIENT SEGMENTS Client Segments Asset Managers / Banks Objectives and Needs Launch of an investment fund (UCITS / AIF) for marketing to EU investors and abroad CLIENT SEGMENTS (BASED ON AUM) 14% 29% Institutional Investors (Insurers and Pension Funds) Management of their captive investments through a dedicated investment platform 8% Family Offices / Foundations Pooling of their members wealth into an efficient investment vehicle 6 Internally managed Investment Companies Provision of substance and infrastructure with regard to certain functions Banks Family Office Asset Managers Institutional Investors 49%
FOCUS ON REAL ASSET STRATEGIES Private Equity ASSET CLASSES DISTRIBUTION (BASED ON AUM) 20% Real Estate 13% Infrastructure / Renewables 31% 4% Debt Liquid / UCITS 32% 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. Private Equity & Infrastructure Real Estate Portfolio Management Risk Management Valuation Debt Liquid LIS online document management and sharing tool LIS PRODUCT MANAGER Central point of contact for the client Distribution Compliance 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 value-added services 9
FULL SUITE OF REGULATORY REPORTING We offer reporting solutions to meet the investment industry s increasing reporting requirements: AIFMD Reporting CSSF Reporting BCL Reporting Solvency II Reporting CRR/CRD Reporting VAG Reporting Type of Reporting Reporting to the Luxemburgish regulator CSSF as required under Art. 24 of the AIFMD. Reporting to the Luxemburgish regulator CSSF as required in different product laws (SIF, SICAR). Reporting to the Luxemburgish Central Bank as required in regulatory circulars. Reporting to insurers investing in fund investments. The reporting is used by the insurers to fulfill their requirements as described under pillar 1 (SCR calculation) and 3 (reoporting to the regulator) of the Solvency II Directive. Reporting to credit institutions investing in fund investments. The reporting is used by the credit institutions to fulfill the calculation of their capital requirements as described under CRD IV. Reporting to German insurers and pension investing in fund investments. The reporting is used by the insurers and pension funds to fulfill their reporting duties under the German insurance Supervision Act (VAG). Reporting Information LIS shall provide information on the main instruments, and on the principal exposures and most important concentrations of each of the AIFs it manages. In addition the reporting shows key figures about illiquid assets, AIF s risk profiles and results on performed stress tests. LIS shall provide information on the development of the investments in the investment funds and on fund balance positions. LIS shall provide information on the development of the investments in its funds and on fund balance positions. LIS shall provide information on the underlying investments of its funds in a look-through approach (i.e. transparency reporting). LIS shall provide information on the underlying investments in the industry-wide standardized format. LIS shall provide information on the underlying investments in the industry-wide standardized format. 10 Frequency Quarterly Typically quarterly Quarterly Quarterly Quarterly Quarterly
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. The main characteristics are the following: 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
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 Advisory Agreement General Partner 100% ownership A-Shares Carry vehicle Investors B-Shares C-Shares Partnership Service Agreement Depository Fund Administrator Portfolio Management Risk Management Compliance/ Delegation Monitoring Valuation Distribution AIFM Agreement Investments 13
OUR SOLUTIONS 2. LIS HOSTING SOLUTION Through our hosting solution, we act 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 14 0 1 2 t
OUR SOLUTIONS 3. 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 * Porta-LIS SICAV-SIF Risk Management Compliance / Delegation Monitoring Valuation Distribution Compartment A Manager A Compartment B Manager B Private Equity Debt / Loan * potentially delegated back to investment manager 15
OUR SOLUTIONS 4. RENT A COMPARTMENT SECURITIZATION PLATFORM SECULUX Insurers / Pension Funds Re-qualification of assets into a preferable asset-type under the German Investment Ordinance (AnlV) Possibility 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 Real Estate etc. Risks linked to debt Offshore Funds Feeder Vehicle Debt / Notes / ABS, etc. Private Equity Investor EU-Offshore Managers 16 Attain an EU Marketing Passport under the Prospectus 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, substance and corporate services for investors and initiators.
YOUR BENEFITS WORKING WITH US Working with us offers a series of advantages: Reduced costs and efforts concerning adherence with regulatory compliance No heavy investments into infrastructure and human resources Rapid access to European investors via LIS marketing passport Proven successful setup already in use by our clients (5 years of operational experience as Management Company and as AIFM with > 80 AIF structures) Highly skilled Luxembourg-based team with years of experience and commitment to quality 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. Dr. Pierre Weimerskirch E-mail: p.weimerskirch@lis-aifm.lu Phone: +352 26 34 56-90 Mobile: +352 661 186 201 Dr. Thomas Goergen E-mail: t.goergen@lis-aifm.lu Phone: +352 26 34 56-60 Mobile: +352 661 186 200 Stephan Grimm E-mail: s.grimm@lis-aifm.lu Phone: +352 26 34 56-691 Mobile: +352 661 186 208 18
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Luxembourg Investment Solutions S.A. Airport Center Luxembourg 5, Heienhaff L-1736 Senningerberg www.lis-aifm.com T +352 26 34 56-1 F +352 26 34 56-66 info@lis-aifm.com