THIRD PARTY AIFM SERVICES
Alternative Investment Fund Manager providing portfolio and risk management for third party clients pursuing real estate, private equity, infrastructure, private debt, listed equities, listed fixed income and funds of funds within above asset classes.
Royalton Partners with 25 years portfolio management experience in private equity provides:
- Portfolio management,
- Risk management
and other services required by the AIFMD:
- Marketing
- Valuations
- Compliance / Regulatory reporting
Our experience allows fund sponsors to focus on core asset management activities
Royalton Partners has experience of working with and is able to recommend experienced depositaries, administrators, auditors and banks to ensure full compliance, seamless co-operation and minimum involvement of the fund sponsor.
Royalton Partners’ team has also long standing experience working with service providers selected by the client.

UNRESTRICTED MARKETING
Funds managed by Royalton Partners benefit from the EU/EEA marketing passport
- Unrestricted marketing across the EU/EEA
- No need to apply for authorisation under national private placement regimes
- Avoid risks of reverse solicitation
- Full regulatory compliance

PORTFOLIO MANAGEMENT
Royalton Partners can accommodate any third party AIFM cooperation model
- Co-investment
- Advisory
- Delegation
Royalton Partners makes investment decisions for the Luxembourg fund exclusively on the recommendation of the Principal Fund or the Investment Advisor in congruence with fund documentation and AIFMD, specifically:
- Approves investments
- Fulfills all functions related to risk management requirements
- Co-appoints, with the General Partner of the fund, an external valuer
- Reports to the CSSF in compliance with the requirements of the AIFMD
- Provides regulatory capital
Upon request of the Fund Sponsor, portfolio management may be delegated. In such case, the delegate must be authorised for management of alternative investment funds.

FLEXIBLE FUND STRUCTURING
Royalton Partners can act as an external AIFM to parallel or single Luxembourg AIFs, structured as RAIF, SIF, SICAR, SCSp or any other fund structure required by the Client
Typically, Royalton Partners manages a Luxembourg fund, which is structured as:
- Parallel, investing pro-rata to the Fund Sponsor’s non-European fund, or
- Single Luxembourg fund
Luxembourg provides comprehensive toolbox of regulated and unregulated fund structures, which can be adapted to the Fund Sponsor’s needs.
Luxembourg funds can be structured in multiple ways :
- With or without legal personality
- As tax transparent or as taxable funds, benefiting from double taxation treaties
- As regulated or unregulated
- With or without prior approval of the regulator
- As single-strategy funds or platforms with compartments for managing multiple strategies or fund vintages