Vistra Fund Services to act as Luxembourg Fund Administrator for the Privium Selection Fund Platform
By Vistra, PRNEMonday, June 13, 2011
LUXEMBOURG, June 14, 2011 -
Vistra
announced today that it has been selected to provide
fund administration services for the innovative Privium
Selection Fund platform (SCA SICAV-SIF) via its specialist fund
services division operating out of Luxembourg. The Privium
Selection Fund will be managed by Privium Fund Management (UK)
Limited. The Privium platform proves a flexible one stop Luxembourg
based solution for the launch of differing styles and sizes of
funds, each backed by competitive pricing options.
Vistra Fund Services has worked closely with Clayton Heijman of
Darwin Platform and Loyens & Loeff, Luxembourg on the set up
and marketing of the specialised platform. Mr. Ivo Hemelraad
(Managing Director of Vistra Fund Services - Luxembourg) comments:
‘In today’s competitive environment, time-to-market and costs are
of the essence. Privium provides a high-quality and high-speed set
up which still allows for tailor-made solutions. Privium therefore
lives up to our credo of ‘We will adapt to your requirements, not
force you to fit ours.’
Privium Fund Management (UK) Limited, regulated by the FSA, will
focus on manager start-up activities in Europe and the US.
Internationally experienced industry veterans Paul Smith,
Clayton Heijman and Nick Paris have started a new business to
support the launch of various fund management operations that are
anticipated in the financial industry. Providing a one-stop
solution for new and alternative fund managers, Privium has the
experience and expertise to contribute to the success of new funds
and support new projects. Services offered include asset
management, middle and back office administration, marketing,
office infrastructure and support.
‘The infrastructure that we have put together is a combination
of top-quality systems, together with an umbrella fund structure in
Luxembourg. This means that a manager can set up a fund in
Luxembourg in record time. Managers can benefit from all areas of
our expertise ranging from capital introduction to providing office
space.’ Clayton Heijman continues: ‘Our set-up is ideal for
managers who want to establish their fund on a solid foundation
which allows for flexibility and growth. ‘
Privium will also work closely with the following well-known
service providers: ING Bank (Custodian), Ernst & Young (Audit),
Loyens & Loeff (Legal advisor).
For more information about Privium please visit:
Editor Notes
About Vistra Group
Vistra is a leading
independent provider of trust, fiduciary, corporate and fund
services delivering personal and tailored solutions to
international corporations, institutional investors and high net
worth individuals from around the world.
Our clients can benefit from a multi-jurisdictional and personal
approach, delivered by a team of professionals with an in-depth
understanding of the often complex needs of every client. Our
services include company formation and management, fund formation
and administration, trustee services, family office, marine and
aviation and accounting services.
Today Vistra employs around 350 employees in
covering 18 jurisdictions, with each of our offices providing the
full range of trust, corporate and estate planning solutions.
Today, Vistra is a unique player in the trust and fiduciary
industry, boasting the most balanced geographic reach globally
while always guaranteeing the personal and tailored service that
our clients deserve.
Together, we bring to life the Vistra ethos of “Crossing
Borders, Creating Solutions”.
For further information please visit
Media Contacts:
Guy Stephenson/Jennifer Duffy
Nacelle Ltd
+44-(0)20-8333-9125
Ivo Hemelraad, Managing Director, Vistra (Luxembourg)
Sarl
Vistra Fund Services Sarl
15, rue Edward Steichen, L-2540, Luxembourg
T: +352-422229-1
.
