AIFMD and UCITS Management Company Solutions - Waystone

      AIFMD and UCITS Management Company Solutions

      We partner with investment managers to deliver tailored management company services, overseeing key management functions for each fund. 

      In today’s evolving regulatory and investment landscape, engaging an independent Management Company (ManCo) is more than a trend—it’s a prudent, forward-thinking strategy. Waystone’s third-party ManCo solutions empower our fund manager and institutional investors clients through a cost-efficient, scalable, fully compliant framework, allowing them to focus on investment performance and maximising returns.

      Tailored ManCo Solutions to Suit Your Strategy

      Waystone offers both ManCo platform and standalone ManCo services, designed to meet the specific needs of each client. Our ManCo platform is a ready-made, cost-effective fund structure providing fast, streamlined market entry. For those requiring greater flexibility and control, our standalone ManCo services offer a fully dedicated, bespoke, governance and compliance framework. As the appointed management company, we assume responsibility for all primary management functions, ensuring robust oversight and operational excellence. Backed by deep expertise in UCITS and AIFMD compliance, our global Regulated Fund Solutions team stays ahead of regulatory developments, offering funds a competitive advantage in today’s complex investment environment.

      Our AIFM and UCITS Management Company Solutions

      1) Multi-Manager Platform

      Build and scale your fund on Waystone’s fully outsourced platform management solutions, including:

      • Regulatory hosting and reporting
      • Distribution support and market access
      • Product Structuring
      • Investment management coordination
      • Compliance and risk oversight
      • Seamless fund administration

      Our platform combines our institutional capabilities alongside preferred service providers with cost-effective execution — ideal for emerging investment managers or launching new strategies.

      2) Client Dedicated Platform

      Designed for large-scale managers, our dedicated AIFM and UCITS platform service allows:

      • Bespoke fund structuring
      • More control over governance and operations
      • The benefits of institutional support with greater customisation

      Clients retain greater flexibility while leveraging Waystone’s regulatory and operational expertise.

      3) ManCo Solutions

      Our AIFM and UCITS Management Company solution offers:

      • End-to-end compliance and governance
      • Ongoing delegate oversight and risk management
      • Flexibility to choose your preferred service providers

      This ManCo model suits managers seeking more operational involvement within a regulated framework.

      4) ManCo Support

      Already have a regulated structure but need additional support? Our modular support services let you select:

      • Risk management
      • Delegate oversight
      • Fund operations
      • Regulatory reporting

      We provide regular reporting to controlled function holders, ensuring your oversight remains demonstrable and up to date.

      Why Choose Waystone as Your Third-Party ManCo?

      There are significant advantages to be gained when a fund is both managed and operated through our UCITS management company and Alternative Investment Fund solutions, including:

      • 20+ years of experience in managing UCITS and AIFs
      • One of the first firms to launch AIFMD and UCITS-compliant funds
      • Deep expertise in fund governance, regulatory reporting, and risk management #1 Third-Party ManCo in Ireland by AUM1
      • Fastest Growing ManCo in Luxembourg2
      • #1 Authorised Corporate Director (ACD)3 in the UK

      Whether you’re entering new markets or scaling an existing fund, Waystone’s UCITS and AIFMD ManCo solutions provide the regulatory foundation and operational support to help you succeed.

      FAQs About Our ManCo Solutions

      What are AIFs?
      AIFs are Alternative Investment Funds and typically include hedge funds, private equity, private debt, venture capital and real estate funds.

      Ireland is a key domicile for AIFs as well as a service provider base for AIFs domiciled in other countries.

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      Who uses AIFs and what are they used for?
      Investment Managers from around the world (including the US, UK, Switzerland etc.) use Ireland as a domicile and Waystone is a leading provider in establishing AIFs in Ireland and in other European countries.

      They market the fund to asset owners/investors such as Insurance Companies, Pension firms, banks etc.

      They are used to provide funding to the real economy and to give investors the ability to get exposure to investment opportunities and financial markets.

      Retail investors cannot invest in AIFs as they are considered too complex for the direct retail market.

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      WHAT ARE THE ADVANTAGES OF INVESTING IN AIFs?
      Investing in AIFs offers several potential advantages, including access to alternative asset classes, diversification benefits, potentially higher returns, and exposure to specialized investment strategies. AIFs can provide investors with opportunities beyond traditional investments such as stocks and bonds.
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      WHAT ARE THE DIFFERENT TYPES OF AIFS?
      AIFs can encompass various types and strategies, including hedge funds, private equity funds, real estate funds, infrastructure funds, venture capital funds, and commodity funds, among others. Each type of AIF has its own investment focus, risk profile, and regulatory considerations.
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      What are QIAIFs and RIAIFs?
      QIAIFs are Qualifying AIFs and are the main category for AIFs in Ireland under the Central Bank of Ireland rules. They are for qualifying investors such as institutional investors.

      RIAIFs are Retail Investor AIFs under CBI rules and are a hybrid between QIAIFs and UCITS. There are relatively few in the market.

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      What are UCITS?
      Undertaking for Collective Investment in Transferable Securities (UCITS) are investment funds that are tightly regulated and can be marketed to all investor types, both retail and institutional in Ireland, across the EU, and globally. They have strict rules and a high level of investor protection in terms of what asset types can be included and on portfolio composition and diversification. They typically allow investors to buy and sell on a daily basis and hold liquid assets such as equities, money market instruments, or fixed income.

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      Who uses UCITS and what are they used for?
      Investment Managers from around the world (such as the US, UK, Switzerland etc.) use Ireland as a domicile for UCITS and Waystone is a leading provider in establishing UCITS.

      UCITS are used to provide retail investors with an opportunity to invest and deploy their savings/pensions and generate a return based on financial markets. This can be investors investing directly into the fund or via their advisor, bank, pension plan etc.

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      What is AIFMD reporting?
      AIFMD reporting refers to the obligations under the AIFM Directive to monitor and prevent systemic risk and market disruptions.

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      In Which Jurisdictions is Waystone Authorised as a UCITS Management Company? 
      We are fully licensed in both Ireland and Luxembourg and have passported our services into France, Spain and Cayman.

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      How Does Waystone Support AIFMD Compliance? 

      Our Alternative Investment Management Company has dedicated teams across Europe that manage the economic substance requirements under AIFMD, including risk management, passporting procedures, and regulatory oversight.

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      What are the Benefits of Fund Platform Solutions? 

      The main benefits of UCITS and AIFMD fund platform solutions include:

      • Rapid speed to market: a hosted solution means speed to market and access to a robust network of key service providers.
      • Individual brand retention: sub fund managers retain their own branding.
      • Legal separation and protection: each sub fund is legally separated and thereby protected from bankruptcy of other sub funds within the platform.
      • Comprehensive platform management: our platform management fee includes all key service providers and AIFMD services including AIFM/management company, administrator, depositary (fiduciary oversight), auditor, directors, risk and regulatory AIFMD reporting, company secretary, KIID/ KID production and hosting and launch coordination.
      • Streamlined cost management: we have taken on all these expenses directly and can pass on a single line-item cost to sub funds for all of the above – by limiting fees to a maximum, a manager can manage their total expense ratio with confidence.
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      1 Monterey Insight Ireland Fund Report 2023 (aggregating Waystone entities: Waystone Management Company (IE) and completed acquisitions of KBA Consulting Management and Link Fund Manager Solutions (Ireland))
      2 PWC Observatory for Management Companies – 2024 Barometer
      3 https://www.waystone.com/waystone-tops-independent-manco-aifm-rankings-in-the-uk/

      Private Debt Structures

      Waystone delivers high quality private debt solutions to private debt & specialty finance clients in several key jurisdictions.

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      UCITS Guide

      UCITS are open-ended collective investment schemes established and authorised pursuant to EU law, as implemented in the member states of the EU.

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