Depositary
We provide depositary services in the UK, Luxembourg and Jersey for EU and non-EU AIFs, marketed to EU professional investors.
What we do
We provide depositary services in the UK, Luxembourg and Jersey to over 120 funds investing in private equity, real estate, debt and infrastructure funds marketed to EU and/or UK investors. In total, we have oversight of over $510bn of depositary assets.
We work closely with the fund manager’s finance and compliance teams, designing appropriate and non-intrusive procedures to monitor the fund and ensure that all depositary requirements under the AIFMD are met.
We undertake the depositary responsibilities as defined under the AIFMD, including:
Depositary-lite
Non-EU AIFs, which are registered for marketing in the EU via the National Private Placement Regime, may be required to appoint a depositary in certain countries including Germany and Denmark.
Our depositary services are available in these jurisdictions:
UK
We are at the forefront of discussions on the role of the depositary under the AIFMD. In the UK, we have participated in consultations with the Financial Conduct Authority and have lobbied alongside 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 private equity, real estate, debt and infrastructure funds. We service both EU managers and non-EU managers that are marketing their funds in the EU, and we work with both open and closed-ended funds.
Channel Islands
Our Jersey subsidiary, LHJ Trustees Limited, is authorised to provide depositary services and our Jersey team works with AIFMs administered both by Langham Hall and elsewhere.
Luxembourg
Langham Hall Luxembourg is authorised to act as a depositary to private equity, real estate, debt and infrastructure funds.
The service complements Langham Hall Luxembourg’s central administration, transfer agency and domiciliation business and AIFM hosting where required.
