VP Bank : EU passport provides VP Fund Solutions with EU access for Liechtenstein-registered alternative investment funds

Vaduz, 2 November 2016 - Since October 2016, Liechtenstein-registered alternative investment funds and alternative investment fund managers can access the European domestic market. VP Fund Solutions benefits from this EU passport.

VP Fund Solutions, the VP Bank Group's international funds competency centre based in Liechtenstein and Luxembourg, is a one-stop shop offering the full range of fund-related services. VP Fund Solutions is a certified Alternative Investment Fund Manager (AIFM). This license makes it possible to offer AIFM, administrative, portfolio management and risk management services for alternative investment funds.

Alternative investment funds include all UCITS that collect capital from a number of investors in order to invest on behalf of the investors using a predetermined investment strategy. These UCITS do not require certification as UCITS funds. They may include, for example, open-ended special funds and open-ended real estate funds as well as closed-ended private equity and semi-liquid loan funds.

The EU passport gives VP Fund Solutions access to the European Economic Area domestic market and makes it possible to administer and distribute alternative investment funds across borders throughout Europe. Previously, the EU passport could already be used to distribute UCITS. These funds invest in legally defined types of securities and other financial instruments.

With its sites in Liechtenstein (a member of the European Economic Area) and Luxembourg (a member of the EU), VP Fund Solutions benefits enormously from the EU passport. 'Our comprehensive line of services can be offered from different sites and across borders and in particular enables us to offer flexible services to internationally oriented private label clients,' notes Christoph Mauchle, Head of Client Business and a member of VP Bank's Group Executive Management.

In the AIF segment, VP Fund Solutions is recording strong demand in the real estate, private equity and private debt asset classes. For this investment segment, the team focuses on Great Britain, Italy and parts of Asia along with Switzerland, Luxembourg and Liechtenstein.