Administration of Alternative Investment Funds - Administration and Management of AIFs
Alternative Investment Funds vehicles are becoming increasingly popular in the Luxembourg marketplace.
Although this asset class was already represented in Luxembourg with several vehicles in the form of UCI or non regulated vehicles, the recent trends have highlighted to local administrators and depositaries that ALT investments are an asset class with totally different features and sources of risk requiring specific skills and specific operational processes.
In this context, PwC's Academy is pleased to offer this dedicated training workshop designed to provide Luxembourg professionals with a comprehensive overview of the latest industry trends, as well as a thorough analysis of sector-specific issues and best practices.
By the end of this training, the participants will be able to:
- Identify the nature and purpose of the AIF industry
- Identify valuations methodology and related accounting impact
- Understand the life cycle of an Alternative Investment Fund and related accounting entries
- Understand the operating / accounting flows within an AIF
- Have a basic understanding of legal and regulatory aspects, including the different type of structures / Funds available in Luxembourg and their features
- Describe the requirements in terms of disclosure in the financial statements for the different Luxembourg structures
1. Understand the Luxembourg environment and how it fits into the European landscape.
2. Understand the main features of the ALT industry, its main strategies, actors and stakeholders.
3. Administration of AIFs:
- Supervision of investment and divestment transactions:
- Key phases of a transaction
- Key terms of a Share Purchase Agreement
- Accounting impacts
4. Supervision of assets
- Investment in operating companies
- Investment in underlying Private Equity Funds
- Specificities of mezzanine debt instruments
5. Valuation of investments
- Accounting valuation rules
- Valuation guidelines
- Recognised methodologies
- Accounting issues
6. Specific accounting and control issues
- Capital accounts
- Management fees
- Preferred return/Carried interest
- Cumulative loss and Clawback provisions
7. Luxembourg GAAP framework and compliance requirements
- Financial statements and disclosures
- Consolidated accounts vs. statutory accounts
- IFRS considerations
- Publicity and filing of financial statements
A qui s'adresse la formation?
- General Partner and their employees
- Heads of administration, accounting & finance departments and their teams
- Sales and customer relationship managers
- Custodian officers
- Compliance officers and internal auditors dealing with Private Equity and Venture Capital vehicles
- Professionals of the Financial Sector involved in the management and/or administration of Private Equity and Venture Capital vehicles
An attendance certificate will be sent to participants.
Feedback from past participants
"Flexibility to adjust to the level of participants"
"Good, effective trainer. Obviously mastering the subject well"
"Well documented and well structured. A good introduction "
Full modular curriculum
- Module 1: Introduction to the Private Equity Industry
- Module 2: Regulatory and Tax Aspects of Private Equity Funds
- Module 3: Administration and Management of Private Equity Funds
Each module can be attended independently. Detailed content is explained in each module