In order to comply with the requirements of the AIFMD, fund managers must be authorised by the FCA to manage real estate funds that are not exempt. The role of the authorised alternative investment fund manager (AIFM) is predominantly to take responsibility for the portfolio management and risk management activities of funds caught by the AIFMD, as well as to meet an obligation to make periodic reports to the FCA.
Crestbridge obtained permission from the FCA to act as a small authorised AIFM in July 2014. Drawing on the directors’ extensive real estate experience together with regulatory expertise gained from acting as FCA authorised operator to real estate funds for more than a 15 years, our focus is on providing AIFM services to small in-scope real estate funds.
This capability sits alongside our Management Company operations in both Luxembourg and Jersey.