KPMG’s comprehensive approach to AIF life cycles

When it comes to Alternative Investment Funds, KPMG covers the complete industry value chain and its challenges – no matter if you’re a General Partner, AIFM, Asset Owner or Asset Servicer.

From setting up your fund to reporting, realization and divestment – and everywhere in between – our industry experts can advise you at every milestone. We’ll provide straightforward and in-depth compliance, audit, accounting, tax and technology services to assist and advise you where needed.

Alternative Investment Fund life cycle

  • General Partner
  • Asset Owner
  • AIFM
  • Asset Servicer
  • Clear

Investment strategy

Corporate finance

M&A services and valuation

Have you defined your investment universe and identified potential investment targets?

Have you conducted a historical return analysis?

Find out more about this service

Jonathan Hamborg

Jonathan de Hemmer Hamborg

Partner

Tel.: +352 22 51 51 - 7615

E-mail View profile

Strategy

Fund strategy

Have you defined your investment strategy and established your risk management internal controls processes?

Are your risk management controls and procedures up to date?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Fund structuring and setup

AIFMD

Internal controls review

Are your AIFM internal controls correctly enforced?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Fund structuring & setup

Tax Structuring

What is the best tax structure to be used?

How do you ensure that you are ATAD 1 and 2 compliant? Are you prepared to comply with ATAD 3?

Find out more about this service (PDF | 0.1MB)

Antoine Badot

Antoine Badot

Partner

Tel.: +352 22 51 51 - 5558

E-mail View profile

Transfer pricing

Do you have a transfer pricing policy in place or to be designed for all your transactions between related entities in the structure?

Related pages

Filip Vukovic

Filip Vukovic

Partner

Tel.: +352 22 51 51 - 5442

E-mail

Fund operations

Fund distribution

Have you considered all tax, regulatory and legal aspects for cross border distribution?

Find out more about this service (PDF | 0.1MB)

Said Fihri

Said Fihri

Partner

Tel.: +352 22 51 51 - 7892

E-mail View profile

Fund services

How do you ensure an efficient corporate secretarial process?

Nina Leclerc

Nina Leclerc

Director

Tel.: +352 22 51 51 - 7234

E-mail

Strategy

Fund strategy

How does your fund fit into your operational model?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 7239

E-mail View profile

Service outsourcing and provider selection

Strategy

Fund strategy

What functions could and should you outsource?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Market intelligence

Are your third party fees in line with market practice?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Service provider selection

How do you choose the most appropriate service providers for your needs?

Gustavo Rodrigues

Gustavo Rodrigues

Partner

Tel.: +352 22 51 51 - 7425

E-mail View profile

Marketing and distribution

Fund operations

Fund distribution

How can you effectively distribute your fund?

How can you ensure compliance with marketing?

Find out more about this service (PDF | 0.1MB)

Said Fihri

Said Fihri

Partner

Tel.: +352 22 51 51 - 7892

E-mail View profile

How can you ensure all reporting (legal, regulatory, operational and client) requirements are met?

Related pages

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

Strategy

Market intelligence

How competitive is your fee structure compared to other investment managers?

Said Fihri

Said Fihri

Partner

Tel.: +352 22 51 51 - 7892

E-mail View profile

Fund raising

Corporate finance

Valuation

How do you ensure that you maximize the attractiveness of your investment product to reach investment targets and prepare for fund raising?

Find out more about this service

Alexis Wolf

Alexis Wolf

Partner

Tel.: +352 22 51 51 - 7223

E-mail View profile

Strategy

Listing

How can you list your investment product?

Find out more about this service

Olivier Lacour Royre D’Autriche

Olivier Lacour Royre D'Autriche

Partner

Tel.: +352 22 51 51 - 6736

E-mail View profile

Investor onboarding

Fund operations

Reporting

How can you ensure that your investor onboarding process is compliant with AML/KYC guidelines and provides a best-in-class experience?

Find out more about this service

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

Due diligence

What level of due diligence should you apply for new investors?

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

Transaction and due diligence

Corporate finance

M&A buy side

How do you ensure an effective and efficient seller and asset financial due diligence?

Find out more about this service

Olivier Lacour Royre D’Autriche

Olivier Lacour Royre D'Autriche

Partner

Tel.: +352 22 51 51 - 6736

E-mail View profile

How do you ensure an effective and efficient seller and asset tax due diligence?

Bertrand Levy

Bertrand Levy

Associate Partner

Tel.: +352 22 51 51 - 5505

E-mail View profile

How do you ensure you select and invest in a target company successfully?

Jonathan Hamborg

Jonathan de Hemmer Hamborg

Partner

Tel.: +352 22 51 51 - 7615

E-mail View profile

Valuation

Corporate finance

Valuation

How do you ensure the fair valuation of the target company or real estate?

Find out more about this service

Alexis Wolf

Alexis Wolf

Partner

Tel.: +352 22 51 51 - 7223

E-mail View profile

Fund operations

Valuation

How can you determine the fair value of loan collaterals for debt restructuring and obtain debt funding as well as lines of credit, e.g., share pledge enforcement of private debt funds?

Find out more about this service

Alexis Wolf

Alexis Wolf

Partner

Tel.: +352 22 51 51 - 7223

E-mail View profile

Structuring

Tax

M&A Tax

How to structure the acquisition of a new Target or the disposal of a Project?

Find out more about this service

Antoine Badot

Antoine Badot

Partner

Tel.: +352 22 51 51 - 5558

E-mail View profile

Are there VAT implications linked to purchasing an asset?

Which VAT registration regime fits best based on your economic activity?

Find out more about this service (PDF | 0.1MB)

Samuel Cazes

Samuel Cazes

Partner

Tel.: +352 22 51 51 - 5313

E-mail View profile

Fund operations

Fund services

How do you incorporate and domicile a Luxembourg vehicle?

Nina Leclerc

Nina Leclerc

Director

Tel.: +352 22 51 51 - 7234

E-mail

Calling capital

Fund operations

AML/KYC

How do you ensure AML/KYC compliance and tax implications when calling capital from your investors?

Find out more about this service

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

Performance monitoring

Corporate finance

Valuation

Do you have an effective overview of your track record on deals and funds?

Find out more about this service

Alexis Wolf

Alexis Wolf

Partner

Tel.: +352 22 51 51 - 7223

E-mail View profile

Fund operations

Managed Services

How do you comply with Priips reporting regulation?

Find out more about this service

Clément Welter

Clément Welter

Partner

Tel.: +352 22 51 51 - 7927

E-mail View profile

Know your asset platform

How do you have an effective oversight on your asset and sub-asset manager?

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

KPI definition and dashboard

How can you effectively collect, organize and visualize your fund's key performance indicators?

Gustavo Rodrigues

Gustavo Rodrigues

Partner

Tel.: +352 22 51 51 - 7425

E-mail View profile

Strategy

Market intelligence

How can you turn data into actionable insights?

Annick Breton

Annick Breton

Partner

Tel.: +352 22 51 51 - 7647

E-mail View profile

Regulatory reporting

Fund operations

Regulatory Reporting

How do you manage ESG reporting?

Julie Castiaux

Julie Castiaux

Associate Partner

Tel.: +352 22 51 51 - 7545

E-mail View profile

Clément Welter

Clément Welter

Partner

Tel.: +352 22 51 51 - 7927

E-mail View profile

How do you comply with CRR reporting requirements from your Banking Investors?

How do you manage your Solvency II reporting requests from your Insurance Investors?

Find out more about this service (PDF | 0.2MB)

Francesco Vittori

Francesco Vittori

Associate Partner

Tel.: +352 22 51 51 - 7328

E-mail View profile

Is your data architecture, quality data, and data governance strong enough to deal with new requirements and increasingly demanding reporting?

Lana Khoury

Lana Khoury

Associate Partner

Tel.: +352 22 51 51 - 6298

E-mail

How can you navigate ML/TF regulations and ensure compliance?

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

How do you ensure that appropriate privacy and security measures are in place to protect personal data under the GDPR?

Find out more about this service (PDF | 0.2MB)

Laurent De La Vaissiere

Laurent De La Vaissiere

Partner

Tel.: +352 22 51 51 - 6038

E-mail View profile

How do you address the ramifications of the new AML / CFT Circular and ensure compliance?

Antoine Badot

Antoine Badot

Partner

Tel.: +352 22 51 51 - 5558

E-mail View profile

Tax substance

Substance analysis

Substance analysis

How can you ensure operational efficiency within your tax model?

Benjamin Toussaint

Benjamin Toussaint

Partner

Tel.: +352 22 51 51 - 5339

E-mail View profile

Divestment and exit solutions

Corporate finance

M&A sell-side

How do you make sure to execute the sale of assets on the best possible terms?

Jonathan Hamborg

Jonathan de Hemmer Hamborg

Partner

Tel.: +352 22 51 51 - 7615

E-mail View profile

Due diligence

How do you guarantee the buyer a quality due diligence?

Find out more about this service

Olivier Lacour Royre D’Autriche

Olivier Lacour Royre D'Autriche

Partner

Tel.: +352 22 51 51 - 6736

E-mail View profile

How do you anticipate the tax consequences upon liquidation of SPVs and cash repatriation up the chain?

Bertrand Levy

Bertrand Levy

Associate Partner

Tel.: +352 22 51 51 - 5505

E-mail View profile

Liquidation and winding down services

How can you exit the local market and/or dissolute your structure in Lux?

Find out more about this service

Zia Hossen

Zia Hossen

Partner

Tel.: +352 22 51 51 - 7238

E-mail View profile

Performance distribution / Carry

Fund operations

Liquidation and winding down services

How can you ensure that your performance is accurately distributed?

Find out more about this service

Zia Hossen

Zia Hossen

Partner

Tel.: +352 22 51 51 - 7238

E-mail View profile

Global mobility services

How do you ensure that management is properly incentivized?

Sacha Thill

Sacha Thill

Partner

Tel.: +352 22 51 51 - 5588

E-mail View profile

AIFMD compliance and reporting

AIFMD

Reporting

How do you ensure compliance with AIFMD reporting?

Find out more about this service (PDF | 0.2MB)

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

How can you efficiently prepare all AIFMD reporting?

Find out more about this service (PDF | 0.2MB)

Clément Welter

Clément Welter

Partner

Tel.: +352 22 51 51 - 7927

E-mail View profile

How do you ensure appropriate data treatments, classifications, and calculations in line with regulatory requirements?

Find out more about this service (PDF | 0.2MB)

Annick Breton

Annick Breton

Partner

Tel.: +352 22 51 51 - 7647

E-mail View profile

AIFM review

How do you best prepare for CSSF inquiries and visits?

Find out more about this service (PDF | 0.8MB)

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Regulatory compliance, internal controls, and other key function reviews

How do you ensure regulatory compliance with AIFMD?

How do you ensure operational efficiency when dealing with the AIFMD?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Internal audit

How can you best organize your internal audit function as an AIFM?

Find out more about this service (PDF | 0.9MB)

Anne-Sophie Minaldo

Anne-Sophie Minaldo

Partner

Tel.: +352 22 51 51 - 7909

E-mail View profile

Regulatory compliance and oversight

How do you handle the volume of due diligence questionnaires and strenuous oversight framework that the AIFM puts into place?

Alan Picone

Alan Picone

Partner

Tel.: +352 22 51 51 - 7239

E-mail View profile

Audit and assurance services

Audit and assurance services

Reviewing of accounts

How do you efficiently annually review your accounts?

Find out more about this service

Mickael Tabart

Mickael Tabart

Partner

Tel.: +352 22 51 51 - 6738

E-mail View profile

Fund admin and accounting

Fund operations

Fund services

How to ensure timely & accurate financial reporting?

Related pages

Eric Wilhelm

Eric Wilhelm

Partner

Tel.: +352 22 51 51 - 6263

E-mail View profile

How can you effectively archive documents electronically in PSDC format?

Find out more about this service (PDF | 0.8MB)

Vincent Heymans

Vincent Heymans

Partner

Tel.: +352 22 51 51 - 7917

E-mail View profile

Tax and reporting

Tax

Tax dispute resolution

Have you received a substantial tax assessment from the Luxembourg tax authority that deviates from your position taken in the tax return?

Are foreign tax auditors challenging the transfer pricing for interest payments, for royalties or other transactions with your Luxembourg entities?

Are you facing tax penalties or surcharges? Unsure about tax offences and crimes and how they relate to anti-money laundering or regulatory requirements?

Did you know that directors & board members are facing a personal and unlimited liability to pay corporate taxes, if they do not take proper care of tax compliance?

Find out more about this service

Hermann Schomakers

Hermann Schomakers

Director

Tel.: +352 22 51 51 - 5606

E-mail View profile

Global mobility services

Have you examined tax considerations, administrative obligations, and employee rights concerned with the moving of employees?

Find out more about this service

Xavier Martinez

Xavier Martinez

Partner

Tel.: +352 22 51 51 - 5345

E-mail View profile

Transfer pricing

What tax risks should you consider when transferring intra group assets?

Find out more about this service

Filip Vukovic

Filip Vukovic

Partner

Tel.: +352 22 51 51 - 5442

E-mail

Tax reporting

Tax reporting

How can you best produce frequent, detailed, and transparent reports for your investors?

How do you comply with European tax reporting requirements?

Rachel Redlinger

Rachel Redlinger

Partner

Tel.: +352 22 51 51 - 7610

E-mail View profile

How do you manage DAC 6 obligations?

Find out more about this service (PDF | 0.2MB)

Antoine Badot

Antoine Badot

Partner

Tel.: +352 22 51 51 - 5558

E-mail View profile

Tax compliance

How can you ensure the structure is tax compliant, including different jurisdictions and at investor level?

Find out more about this service

Bertrand Levy

Bertrand Levy

Associate Partner

Tel.: +352 22 51 51 - 5505

E-mail View profile

FATCA / CRS

How can you ensure compliance with FATCA and CRS when acquiring assets?

Jean Kizito

Jean Kizito

Partner

Tel.: +352 22 51 51 - 5492

E-mail View profile

Strategy, technology and operations

Strategy

Selection of IT systems

What IT system best fits your needs?

How can you seamlessly implement IT systems within your existing operating model?

Find out more about this service (PDF | 0.2MB)

Gustavo Rodrigues

Gustavo Rodrigues

Partner

Tel.: +352 22 51 51 - 7425

E-mail View profile

New target operating model

How can you have a holistic view of your current operating model as well as a clear picture of your TOM?

Find out more about this service

Gustavo Rodrigues

Gustavo Rodrigues

Partner

Tel.: +352 22 51 51 - 7425

E-mail View profile

Our added value - KPMG Alternative Investment range of services

KPMG leverages its deep sector knowledge and multidisciplinary teams dedicated to delivering customizable services to address your challenges and reach your business objectives.

  • Cross-sector and support activities
  • Fund setup and capital raising
  • Asset Acquisition
  • Investment Ownership
  • Realization

Cross-sector and support activities

Fund setup and capital raising

Asset Acquisition

Investment Ownership

Realization

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