welcome

ALLEGRO S.à r.l. is an independent third-party management company authorised by the Luxembourg supervisory authority for the financial sector, the Commission de Surveillance du Secteur Financier.

Licensed as both AIFM and UCITS management company, ALLEGRO S.à r.l. provides institutional investors and investment managers with premier AIFM, management company and fund administration services for the full range of Luxembourg investment products, including UCITS, AIF and Non-AIF vehicles.

Active since 2008, our main business focus is on the alternative investment fund sector and its preferred fund vehicle, the Specialised Investment Fund (“SIF”), where our management and fund administration services presently cover both direct and funds of funds investments in:

  • Private Equity & Venture Capital
  • Real Estate
  • Infrastructure (through funds), and
  • Listed securities, money market instruments etc.

Our clients are leading European institutional investors and investment managers who appreciate the reliable and responsive high-quality services that we offer to their investment structures.

Total net assets under management and administration of ALLEGRO S.à r.l., including its fully-owned subsidiary Energy Asset Management S.à r.l., amounted to ca. EUR 3.2 billion as per the end of March 2014.

services

ALLEGRO S.à r.l. is offering comprehensive, one-stop-shop services to international fund promoters, institutional investors and investment managers.

Our services for alternative investment funds, both qualifying as AIF and Non-AIF under the European Alternative Investment Fund Managers Directive, cover the following areas:

Fund launch and setup

  • Possibility to chose amongst various governance/ownership models
  • Creation and monitoring of action lists in view of the timely launch of the investment vehicle
  • Coordination with all relevant service providers
  • Design/documentation of process flows and operating memoranda

AIFM / Management Company / General Partner for SIFs and other AIF structures

  • Portfolio management
  • Risk management, including dashboard reporting with key performance and health indicators
  • Distribution under the AIFM passport
  • Valuation of assets
  • AIFM Reporting
  • Investment implementation and cash management under client advice
  • Domiciliation, governance and accounting services (for dedicated management company / General Partner, if applicable)
  • Operational, technical and human infrastructure to execute all core AIFM functions
  • On-going supervision of delegated services and coordination with various service providers
  • Reporting to initiators via secure web-login on www.allegrofunds.com

Fund Administration for SIFs

  • Fund accounting, administration and NAV calculation
  • Transfer agency services, fully integrated with fund administration
  • Implementation of various fee structures (including on an investor by investor basis)
  • Financial and regulatory reporting for SIFs and their investors
  • Management of the audit process
  • On-going supervision and coordination with various service providers

Ad hoc administrative and support activities for all investment vehicles and their Management Companies/General Partners, such as for example hands-on assistance in the efficient restructuring or relocation of SIFs for international fund initiators and their investors.

While our preferred service model in the context of alternative investment vehicles is the integration of AIFM, management company and fund administration services, we are not providing fund administration services to UCITS funds.

products

Licensed as both AIFM and UCITS management company, ALLEGRO S.à r.l. provides institutional investors and investment managers with premier AIFM, management company and fund administration services for the full range of Luxembourg investment products, i.e. AIF and Non-AIFs as well as UCITS.

AIF vehicles are Undertakings for Collective Investments which raise capital from more than one investor in accordance with a defined investment policy (other than UCITS). These can include SIFs, SICARs, Soparfis and other domestic and foreign investment structures (regulated or not).

SIF

The main vehicle used for AIF (and non-AIF) investment vehicles is the Specialised Investment Fund (“SIF”), governed by the Luxembourg law of 13 February 2007, as amended from time to time. SIFs are under the supervision of the Commission de Surveillance du Secteur Financier (“CSSF”), Luxembourg’s supervisory authority of the financial sector.

Since its introduction, a very substantial number of SIFs have been launched and their total net assets continue to increase, thus allowing Luxembourg to further extend its role as a leading international centre for investment funds. For updated numbers and fund statistics, please refer to the CSSF monthly newsletter, which can be found here.

SIFs offer a very effective investment platform for institutional, professional and, well-informed investors. The AIFM is allowed to passport the SIF (AIF) to other EU countries in order to ensure an effective distribution.

Main features of SIFs are:

  • High flexibility with regard to investment policy (no defined investment catalogue)
  • Large choice of structural and organisational set-up 
  • Possibility to list SIFs on the Luxembourg Stock Exchange 
  • Possibility to set-up SIFs as AIF or Non-AIF
  • Efficient tax regime

Structural and organisational aspects

  • SIFs can amongst others be structured as FCP, SICAV and SICAF
  • SICAVs and SICAFs can be set up under various legal forms, i.e. S.A., S.C.S., S.C.Sp. and S.à r.l.
  • SIFs can be launched as umbrella funds with multiple sub-funds and share-classes
  • Choice of type and nature of securities or debt instruments issued by SIFs
  • Use of fair value method
  • Exemption from consolidation under Luxembourg GAAP

Non-AIF vehicles

Non-AIF vehicles include all Undertakings for Collective Investments which do not raise capital from more than one investor in accordance to a defined investment policy, or which fall under another exemption. Such investment vehicles include inter alia SIFs and SICARs reserved to one investor, securitisation vehicles and potentially joint ventures, depending on their set-up.

information

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contact

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