Private equity specialist Ipes has received FCA authorisation to act as Private Equity AIF Depositary under the Alternative Investment Fund Managers Directive (AIFMD).
Ipes Depositary currently acts for 118 Alternative Investment Funds (AIFs), representing over $49 billion in commitments, for 25 PE clients (AIFMs).
Ipes, which specialises in European private equity fund services, has designed a Depositary service in conjunction with Big Four expertise and leading law firms to be tailored to Private Equity funds.
Ben Cook, Managing Director of Ipes UK says, “We are delighted to receive our AIF Depositary licence. Clients tell us that our pragmatic, technology based approach is the reason they selected us. With our licence in place, we look forward to building long lasting Depositary relationships with existing clients and welcoming new clients to our service.”
Category: Finance & Business