Langham Hall Depositary

Depositary

Langham Hall provides depositary services to over 90 funds (AIFs) for EU and non-EU debt, infrastructure, private equity and real estate managers (AIFMs) whose funds under management are above the thresholds specified by the Alternative Investment Fund Management Directive (AIFMD). In total, we have oversight of $50bn of depositary assets.

We have used our extensive knowledge and experience of debt, infrastructure, private equity and real estate funds to set up the business. However, it is a stand-alone unit separate to the administration group.  

We work closely with the manager’s finance and compliance teams to design appropriate procedures for monitoring the fund and ensuring that all depositary requirements under the AIFMD are met.

We offer a full range of functions for non-custody asset types as defined under the AIFMD, including:

  • monitoring of the AIF’s cash flows;
  • verification of the AIF’s assets; and
  • oversight of the AIF and AIFM.

We tailor our services around the manager’s existing infrastructure, providing a bespoke service to each client.

Our depositary services are available in the following jurisdictions:

UK

We have positioned ourselves at the forefront of discussions on the role of the depositary under the AIFMD. In the UK, we have participated in numerous discussions with HM Treasury and the FCA and have lobbied with the industry bodies to reduce the regulatory burden of the AIFMD. We provide stand-alone depositary services in the UK to the alternative asset classes including debt, infrastructure, private equity and real estate funds. We service both EU managers and non-EU managers that are marketing to, and domiciling their funds in, the EU.

Channel Islands

Our Jersey subsidiary LHJ Trustees Limited is regulated to provide depositary services and our Jersey team is currently working with, or able to work with, AIFMs both administered by Langham Hall and elsewhere. We intend to seek permissions to act in Guernsey in due course. However, our experienced UK team is able to provide depositary services to Guernsey funds.

Luxembourg

Langham Hall Luxembourg is authorised to act as a depositary to closed-ended private equity, real estate, infrastructure, and debt funds. The service complements Langham Hall Luxembourg's central administration, transfer agency and domiciliation business led by Keith McShea and Tatyana Boger.