FundRock’s new alternative investment fund service FundRock France AM (FFAM) has received regulatory approval from the Autorité des Marchés Financiers, the French financial markets regulator.
FundRock, a European third-party UCITS Management Company (ManCo) and alternative investment fund manager (AIFM), says its new service, will assist international and domestic professional investors.
The service will help investors access alternative asset classes including private equity and real estate, strengthening FundRock’s presence in the alternative investment market in Europe and particularly in France.
Since the initiative was announced last year, FundRock says it has attracted a large number of new French regulated funds. Prior to the launch of FFAM, a team within FundRock had been managing these funds from its Luxembourg entity under the Freedom to Provide Services passport regime.
With the authorisation from the AMF, Jean Edouard Mazery, who is spearheading the new operation, will further develop the business in France.
Mazery comments: “We are pleased to be officially launching our French AIFM today and offer our clients an enhanced solution in the alternatives space. Our hand-picked team’s local expertise combined with FundRock’s strong pan-European track record and Apex Group’s global capabilities create an unrivalled value proposition.”
Xavier Parain, head of FundRock, adds: “We are delighted to have received authorisation from the AMF, which allows us now to focus on growing our French business. Despite the difficulties arising from the COVID-19 pandemic, there remains significant demand from international investors looking to access French alternative asset classes, attracted by its solid economic fundamentals and a supportive legal and regulatory framework.”
Last month, Apex Group completed the acquisition of FundRock Management Company and FundRock Partners.
