Fund establishment
Pre-launch
We have extensive experience in acting as the project manager during the pre-launch phase of a fund. We work with you to identify opportunities for your new fund and then manage your fund set-up process from start to finish, including fund structuring, helping the fund gain regulatory approval, and undertaking AML/CFT investor due diligence.
Fund Structuring and Establishment
- Legal, tax and accounting advice
- Establishment of the fund
- Establishment of fund manager
- Preparation of the investment management agreement
- Preparation of distributor agreements
- Preparation of all legal documents and agreements
- Reviewing the Information Memorandum, Investment Statement, and Prospectus
- Co-ordinating, and communicating with, the various third-party service providers
- AML/CFT risk assessment and policies and procedures
- Fund sponsor KYC, AML/CFT, PEP and sanction checks
- Registration of the fund with the regulators, including the FMA for NZ retail funds
- Registration of the fund with the tax authorities
- Registration of the fund for FATCA/CRS
- Obtaining ISIN number(s) for fund securities
- Registration of the fund manager on the FSP Register
- Assisting the fund manager with all FMA licensing requirements
- Co-ordinating, and communicating with, the fund’s trustee or licensed supervisor
- Bank and broker account openings
- Integration with custodians and prime brokers
- Consent letters
- Fund IT and reporting systems
Investor On-boarding
We fully manage the ‘on-boarding’ of your investors:
- Preparation of subscription agreements and application forms
- Investor identification and proof of address
- Investor proof of source of funds
- Review of all on-boarding documentation
- Investor KYC, AML/CFT, PEP and sanction checks
- Liaising with bankers, lawyers and other advisers
- Investor acceptance
- Investor communications
- Investor registry