Depositary services
We provide UK and Luxembourg depositary services for Luxembourg, UK and non-EU AIFs marketed to EU professional investors, delivering pragmatic oversight and robust controls.
We act as depositary to more than 300 AIFs across private equity, real estate, debt and infrastructure, with oversight of more than $200bn of depositary assets.
We work closely with finance and compliance teams to implement procedures that meet AIFMD requirements while remaining proportionate and non-intrusive. Our role is to strengthen governance, protect investors and support managers through scrutiny from regulators, auditors and LPs.
What we do
Depositary responsibilities under AIFMD include:
- Cash flow monitoring
- Ownership verification and safe-keeping of assets, including custody where relevant
- Oversight of the AIFM, including oversight of subscriptions and redemptions, valuation processes, investment restrictions and settlement controls
Depositary-lite (NPPR)
Non-EU AIFs marketed in certain EU jurisdictions via NPPR, such as Germany and Denmark, may be required to appoint a depositary-lite provider. We support managers with depositary-lite services from our London office, which is directly authorised by the Financial Conduct Authority.
Where we deliver
- UK - We provide stand-alone depositary and depositary-lite services across alternative asset strategies for UK and other non-EU managers, supporting both open and closed-ended structures.
- Luxembourg - Langham Hall Luxembourg is authorised to act as depositary for private equity, real estate, debt and infrastructure funds. The service complements our Luxembourg administration, transfer agency, domiciliation and host AIFM capability where required.
How we help
Team members
How we start working with you
Ongoing Delivery (what we cover)
- Capital calls, distributions and transfers of interests
- Maintenance of LP registers and capital accounts
- Independent carry calculations aligned to the LPA
- Processing issues and redemptions where applicable
- Registered office and company secretarial services
- GP and governance meeting support
- Oversight aligned to fund terms and investment criteria
- Fund and SPV expense processing
- Tracking drawdowns and distributions
- NAVs, fees, accruals and full accounting records
- Financial statements preparation and audit coordination
- Asset and property level information coordination where relevant
- Statutory filings and ongoing AML compliance
- Compliance officer and MLRO support where relevant
- FATCA reporting and other jurisdictional requirements
- Provision of information for tax returns
- VAT returns and relevant local reporting, where applicable
Why Langham Hall
- Pragmatic oversight aligned to how private markets funds operate
- Control-led delivery designed to stand up to regulator and investor scrutiny
- Senior specialists close to delivery, with clear escalation routes
- Integrated model available alongside administration and regulatory hosting, reducing friction and duplication
How we work
We scope the fund structure and marketing footprint, agree a proportionate oversight plan, then implement controls, monitoring and reporting with clear ownership across teams. Where we already administer the fund, delivery is streamlined because core data, workflows and governance are aligned.
Talk to us
If you are launching a new fund, expanding marketing into Europe or reviewing your depositary model, we can discuss jurisdictional options, timelines and the most efficient service set-up.
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