Aztec Group, an international provider of fund and corporate services, its alternative investment fund manager service in Luxembourg on Tuesday 14 May 2024. This move is designed to meet the needs of alternative investment managers looking to establish and oversee European alternative investment funds, said Aztec.

The newly introduced AIFM service offers a wide range of solutions, including marketing, compliance, risk management, regulatory reporting and portfolio management, noted the press release.

Paul Conroy, Aztec Group’s head of AIFM services, emphasised that offering AIFM services aligns with the increasing preference among investment managers for third-party AIFM solutions. Conroy pointed out the complexities and costs involved in establishing and running a regulated AIFM, making third-party partnerships an attractive option.

The addition of AIFM services significantly strengthens Aztec’s overall service portfolio. This expansion, along with the group’s existing fund and corporate services, depositary services and tax and regulatory services, positions Aztec Group as a comprehensive outsourcing partner for European alternative investment managers, remarked Conroy.

Aztec manages over €600bn in assets across key jurisdictions such as the Channel Islands, Luxembourg, Ireland, the United States and the United Kingdom. Specialising in alternative investments, the group oversees more than 450 funds across major asset classes like private equity, venture capital, private credit, real estate, fund of funds and infrastructure. It employed more than 600 staff in Luxembourg, as of last year.