The St. Stephen’s Green Fund ICAV is an umbrella structure offering a solution for clients looking to launch a regulated fund under the AIFMD.
St. Stephen’s Green Fund (the Platform) is an Irish Collective Asset Management Vehicle (ICAV). The Platform is an umbrella structure offering a solution for clients looking to launch a regulated fund under the AIFMD.
Managed and promoted by MPMF, the Platform is regulated by the Central Bank of Ireland as a Qualifying Investor Alternative Investment Fund (QIAIF). MPMF, as the AIFM, can appoint an investment manager selected by the client or alternatively, the Platform can provide an investment manager to execute the fund’s investment strategy.
The Platform offers small to mid-size clients a flexible solution to AIFMD, where the outlay of resources associated with launching and maintaining a fully-fledged standalone QIAIF may not be viable. Clients take advantage of an established fund platform with regulatory approval, experienced service providers and legal agreements already in place.
The Platform’s approach to AIFMD has a number of advantages in comparison with establishing a standalone vehicle, including: