Background

In order to help raise capital, and to accelerate the fundraising process for its Endless V fund, MJ Hudson advised Endless on the establishment of 2 new fund structures in Ireland, a UCITS ICAV umbrella and a QIAIF ICAV umbrella, to consolidate the client’s current products and provide a platform for a number of scheduled new fund launches. The goal of the client is to maintain a lean and efficient structure within their own firm that concentrates solely on investment management and distribution. It sought an experienced independent management company which provides real ‘outsourcing’ of the management of the day-to-day operational platform of the funds. The fully functionalised, high touch, tailored management company solution provided by Bridge Fund Management Limited allows the client to focus on investment management and sales, safe in the knowledge that the partnership provided by BFML takes responsibility for everything else. 

Our approach

• Provided fully functionalised FA Oversight, Investor Services Oversight, Operations, Compliance, Risk, Finance and Client Relations teams; 
• Assisted with moving all regulatory burden and CP86 requirements are applied to the ManCo, not the Fund; 
• Managed all service providers on a day-by-day basis, including change management and driving legal update processes;
• Outsourced all operational maintenance work, including day-to-day monitoring and management of all service providers and deliverables, including approval of daily processes and signing off on daily processes as required; 
• Provided fully independent daily Risk Monitoring solution including VaR, global exposure, leverage, post trade compliance etc.; 
• Provided of ‘Brexit-proofed’ EU distribution solution and a solution for CP86; 
• Provided a highly experienced Board of Directors.