Fast, flawless, local. Fund Services with Intertrust

Transcription

1 Fast, flawless, local Fund Services with Intertrust

2 Global reach. Local knowledge. Why is this important. An international business sees the big global picture, and combines that with local insights. With more than 1,700 professionals in 24 countries worldwide, we provide the regional knowledge and cultural understanding to help you succeed. Every client is different. Our commitment is to take a personal, professional and partnership approach to your specific needs. Some of our clients ask for a single point of contact. In their time zone. Who speaks their language. Job done. Others want us to team up with them within their organisation. Clients who increasingly look for partnership, commitment, sharing of resources and infrastructure. Above all, someone who understands. And that only comes from experienced people who are committed for the long term. Knowing they re in good hands, our clients have more time to focus on what really matters, and what they really need to drive their business forward. We provide high quality trust and corporate services to multinational corporations, financial institutions, alternative investment funds and entrepreneurs from every corner of the world. With our quality professional support, today it s our chance to help you to drive your business forward. Globally and locally.

3 Fund Services Intertrust provides a full range of services covering the setup and administration of funds, including various forms of hedge funds, real estate funds and private equity funds. From structuring and formation to administration and governance, our professionals have the support, enthusiasm, and technical knowledge you require to help you structure and manage whatever type of fund that best meets your individual needs. Fund services With our international network of experts in law, accounting, operations, investment management, finance and tax, we provide cost-effective accounting and financial reporting solutions to funds, Special Purpose Vehicles (SPVs), holding companies and corporate entities. Services include: > Fiduciary services > Legal administration > Depositary services > Accounting and reporting Working together to drive your business forward Clients increasingly look for partnership, commitment, and sharing of resources. We are often regarded as the cement our clients need with critical oversight over investments, reporting, and who makes key decisions. Personal Our team members get to know you and your needs, and you will get to know them. And we ll do whatever it takes to get, for example, your fund to market. Anticipating any hurdles often raised by regulators, and solving them through our support, input and expertise. Line by line if necessary. It s a level of integrated teamwork much sought after by our clients today. Tailored approach We pride ourselves in our flexibility and on creating innovative client solutions. Thinking laterally about your needs, not just offering you a one size fits all approach. Single point of contact Many clients often request a single point of contact. One call is all it takes to get your questions answered. In your time zone. In your language. Unless requested, we keep the same team throughout the lifecycle. This stability of staffing means that there is an unparalleled level of knowledge and understanding of your funds. Providing much needed continuity and the peace of mind that comes with knowing that you ve delegated your tasks to an experienced, trustworthy global partner who s committed to the long term. With the Intertrust team in place, you re in good hands. While providing you with the time to focus on what really matters and to drive your business forward. We genuinely feel that we, and most importantly our investors, are in good hands whilst being given the headspace to be innovative and drive the business forward. Naomi Heaton, Chief Executive, London Central Portfolio 3

4 Fiduciary Intertrust is a global group with a long history of serving private equity firms, capital markets, multinational corporations and hedge funds. Our dedicated teams provide domiciliation, management, directorships, administration, and transaction services for fund vehicles small, medium and large. As well as holding and finance companies, in various jurisdictions. Fiduciary services Intertrust s fiduciary professionals are fully equipped to assist you with operational, regulatory, and governance requirements of investment funds, SPVs, holding companies and investment trusts. Services include: > Fund directorships > Fund authorised representative > Trustee services for unit trust structures Our fund directors We can support you with the provision of personal directors for funds, general partners, private equity funds, SPVs and holding companies. All with significant backgrounds in various fields: Aviation finance, investment banking, legal and accounting. And with expertise in UCITS (Undertaking for Collective Investment in Transferable Securities), structured/asset finance, hedge funds and private equity structures. In addition to the jurisdiction where they are resident, directors can also serve on companies in any jurisdiction that does not have residency requirements. 300 investment firms worldwide have chosen Intertrust It will come as no surprise that our private equity clients include, for instance, 30 of the 50 largest private equity firms in the world. Plus over 200 small and mediumsized firms, for which we have worked on hundreds of cross-border transactions ranging from LBOs (Leveraged Buyouts), re-financings, public to private, to IPO (Initial Public Offerings) exits on the world s stock exchanges. Plus a large number of hedge fund clients. Many eyes and ears on the ground Our global reach means that we are everywhere you need us to be. With this many eyes and ears on the ground, we can rapidly identify and implement the most effective tailored solutions bringing added value to your unique business requirements. The true value of partnership One of our key strengths is the quality of our people and their ability to work very efficiently alongside your deal team and transaction advisors. We understand the fiduciary obligations of the funds we serve, and look to add significant value, and to provide investor comfort with minimal disruption to the fund operations. Our fiduciary professionals have honed their skills within your industry. Bringing real experience to the table. People who speak your business language. People who get it. Immediately. 4

5 Listening and working together drives business across oceans. 5

6 Legal Administration Our fund administration teams perform in key jurisdictions, providing a full range of services covering the setup and administration of funds, from design to formation and day-to-day administration. Strategically based in the most regulated jurisdictions in the world, we keep a keen and constant eye on taxation and regulatory changes. This local foresight is crucial to establishing your fund in the most applicable environment - including Europe, the Americas, the Caribbean, the Middle East and Asia. Legal Administration One of our key strengths is the quality of our people and their ability to work very efficiently alongside your team and transaction advisors. When we work with your team, externally or internally, the results happen on two levels: our alternative investment solutions professionals carry the responsibility for fund administration. This gives your team the ability to focus on generating results for your investors. Services include: > Fund corporate administration > Registrar and transfer agency services > Trust structures for voting/founder shares We provide administration services to funds across a diverse range of investments in most mainstream structures and strategies, namely: > Hedge funds > Funds of funds > Private Equity funds > Multi-strategy funds > Master feeder structures > Partnerships > Unit trusts > Series trusts > Umbrella funds > Segregated portfolio companies > SPVs > Real Estate funds Up close and personal We are happy to provide close and personal attention to all our clients, regardless of size. We understand and appreciate that smaller parties also require support to help them with their investment structures in the following areas: Fund life cycle > Provision of initial guidance on structuring, formation and maintenance > Assistance with the choice of law firms, auditors and other professionals > Liaison with lawyers to prepare the prospectus and other fund documentation > Coordination of launch with lawyers, investment managers, auditors and custodians > Collation of Know Your Client (KYC) to meet regulatory requirements and internal control procedures > Due diligence Compliance and Governance > Access to latest compliance and local requirements, legal updates, in combination with well informed (personal) specialist directors ensures thorough corporate governance framework > Access to a team of trained legal professionals acting as licensed corporate (chartered) secretaries By leveraging our global team s collective knowledge, we re able to support you during the entire lifecycle of your specific fund - starting up, expanding or liquidating. 6

7 Depositary Services Intertrust s depositary capabilities were developed in preparation of the EU AIFMD Directive to offer regulatory oversight to investors in Alternative Investment Funds (AIFs) across the European Union. At your service The principle duty of the depositary is to help identify non-market risks and alert investors and regulators to noncompliant transactions with adverse investor impact. We achieve this through cash flow monitoring, asset verification and safekeeping, along with various monitoring, checking and oversight tasks. Our offices in The Netherlands and Luxembourg offer depositary services to closed-end real asset alternative investment funds, assisting our clients to comply with the new Alternative Investment Fund Manager Directive (AIFMD). The principle duties of the depositary are: Cash flow monitoring > Ensuring qualifying cash accounts, reconciliation of payments, regular checks for unusual transactions Verification and safekeeping of assets > Ownership verification and record keeping of investments Oversight regarding > Subscriptions and redemptions (monitoring of procedures established by AIF(M) or central administration) > Valuation (verifying appropriateness of asset valuation and NAV calculation) > Compliance with law and fund documents (e.g. investment restrictions) > Timely receipt of payments and settlement of transactions > Accuracy of income distributions Along with various monitoring, checking and oversight tasks to identify and alert investors and regulators to anomalous transactions with material investor impact. This, all in accordance with the new requirements as set out in the AIFMD. Experienced in administration and reporting Building on our extensive experience in other safekeeping roles, and in financial administration, bank account management and reporting, we offer depositary services full scope or light - for closed-end real asset funds as part of our integrated range of fund solutions. Provided by professionals who keep ahead in an ever-changing regulatory landscape. 7

8 Accounting and Reporting Each day we seem to face increasing complexity as stricter accounting standards, regulations and reporting requirements appear. This issue of complexity is one of the most important aspects in financial reporting. Also, the required accounting and reporting services are often quite diverse. Instead of being bogged down in complex paperwork, our services allow you to concentrate on being more productive, competitive and profitable. Accounting and reporting services Take advantage of the peace of mind that comes with knowing that you ve delegated your administration and reporting tasks to an experienced, trustworthy international partner. One that is committed to a personal and long-term partnership. Services include: > Full asset administration, including NAV calculations > Investor reporting > Fund accounting > Audit assistance > Fund banking and payment services > Performance fee calculations > Proxy service for investors in funds Financial administration services, accounts preparation and interim/consolidation reporting The accounting team offers full bank account and cash management services, takes care of all bookkeeping and statutory accounting requirements, and provides full support and assistance with the audit of financial statements. Our financial experts work closely with you to develop reporting packages that are tailor-made to specific client requirements. > Accounting, bookkeeping, financial reporting and consolidation > Assistance with financial audit and internal control > VAT registration and administration > Bank account management > Real estate investment services > Pension fund administration > IFRS reporting > GAAP / IFRS financial statements Clients As quality leader, with an international network of experts in law, accounting, finance and tax, we provide cost-effective accounting and financial reporting solutions to funds, SPVs, holding companies and corporate entities. Governance and compliance standards Our teams follow reliable processes and we re a leader in adopting governance and compliance standards. For example, we were the first trust and corporate services provider to have an audited ISAE3402 type II report for The Netherlands office. ISAE3402 has been developed by the International Auditing and Assurance Standards Board (IAASB), for reporting on controls in service organisations. The report is available to clients or their auditors after signing a Non- Disclosure Agreement. Ability to focus on your core activities Our philosophy is to take a personal, professional and partnership approach to accounting and reporting. Then we can anticipate hurdles and help achieve your ambitions, ideas and goals. We build long-term relationships and aim to be your trusted partner. The foundation for this is your direct link with a dedicated team. All are industry professionals, in your jurisdiction, offering experience and working knowledge at every level. Our teams provide the cement that binds people, business and profits. 8

9 It s not enough to do the right things. You must also do them in the right way. Intertrust sets high standards of corporate governance, compliance, ethics and behaviours. We re committed to principled, accountable and transparent business practices that meet our responsibilities as a global company. Uncompromising integrity With so many clients, partners, co-workers, and regulatory agencies spread across the global communities in which we operate, each day presents a different set of challenges and opportunities. Yet one thing is consistent. We make business decisions based on integrity. Taking relevant actions that are ethical, and in compliance with applicable legal requirements. As quality leader, we always hold ourselves to the highest standards and strict self-regulation. It s part of our long history, and forms the heart of our culture. Great people with great values Apart from maintaining the highest standards of compliance, governance, and service to our clients, we continuously invest in the development of our people. Our mission is to enable our clients, business partners and employees that we work with throughout the world to realise their full potential. Based on the values of quality, commitment, people, partnership and integrity. We invest in employee engagement through best-in-class organisational learning combined with talent and leadership development programmes. That way our values shine through in all our interactions. We re proud of the impact these efforts have on our ability to retain and grow the high level of talent we need for our long-term growth. And your continued success. Growth through a sustainable business model Intertrust ticks the box when it comes to meeting the requirements of what is generally believed to constitute sustainable companies (e.g according to Dow Jones Sustainability Index): Intertrust has integrated long-term economic, environmental, and social aspects in our business strategies while maintaining global competitiveness and brand reputation. We have met shareholder demands for sound financial returns, long-term economic growth and solid financial accounting. We foster loyalty among clients and business partners by offering dedicated services and a high level of responsiveness of staff. Transparency In this age of transparency, where investors have to sign what they read, it s important to provide accurate, valuable, actionable information and investor reports. We also lead in adopting governance and compliance standards, as shown by our ISAE3402 type II compliance certification. 1,700 people. One team Intertrust s behaviour is driven around the world by over 1,700 people working from 33 offices in 24 countries. There to help you succeed through sharing of best practices, teamwork, local knowledge and cultural understanding. Bringing added value and expertise to each client s unique demands. And we re willing to take on the big challenges and see them through. To be innovative and go that extra mile down the road less travelled. We always hold ourselves accountable for our results and the quality of service we provide. Results delivered through the power of teamwork. Uncompromising integrity forms the heart of our culture. 9

10 Our standards of business conduct at a glance > Intertrust sets the highest standards of corporate governance, compliance, ethics and behaviours > We make business decisions based on integrity > We continuously invest in the development of our people > We take a proactive, long-term approach to client relationships by partnering with you and your advisors > We drive growth through a sustainable business model > Our actions are transparent and we lead in adopting governance and compliance standards > Our global team ensures worldwide best practices and local knowledge To go that extra mile down the road less travelled. This document is provided by Intertrust for information purposes only and does not constitute an offer, invitation or inducement to contract. The information herein does not constitute legal, tax, regulatory, accounting or other professional advice and therefore one should seek appro priate professional advice before considering a transaction as described in this document. No liability is accepted whatsoever for any direct or consequential loss arising from the use of this document. The text of this disclaimer is not exhaustive, further details can be found at: 10

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12 What sets us apart is you Your success is our success. Which begins with taking away the barriers and borders and working together in partnership for the same goals. Because each client is different, our philosophy is to take a personal, professional and partnership approach to each client relationship. It s a level of integrated teamwork that has shaped our reputation as a leader in trust and corporate services for over 60 years. Thanks to our global team of 1,700 people working from 33 offices in 24 countries, many clients consider us as a local extension of their own team. Even though we have over 17,000 clients, we get to know each one. Personally. Today it s your turn We re ready to help you succeed, with a world-class team of professionals on call across the globe. We can arrange a faceto-face meeting anywhere in the world within 24 hours. Visit for local contact details or send an to info@intertrustgroup.com Setting the standard since 1952