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 cycles
- General Partner
- Asset Owner
- Asset Servicer
M&A services and valuation
Have you defined your investment universe and identified potential investment targets?
Have you conducted a historical return analysis?
Have you defined your investment strategy and established your risk management internal controls processes?
Are your risk management controls and procedures up to date?
Fund structuring and setup
Internal controls review
Are your AIFM internal controls correctly enforced?
Fund structuring & setup
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?
Do you have a transfer pricing policy in place or to be designed for all your transactions between related entities in the structure?
Have you considered all tax, regulatory and legal aspects for cross border distribution?
How do you ensure an efficient corporate secretarial process?
How does your fund fit into your operational model?
Tel.: +352 22 51 51 7239
Service outsourcing and provider selection
What functions could and should you outsource?
Are your third party fees in line with market practice?
Service provider selection
How do you choose the most appropriate service providers for your needs?
Marketing and distribution
How can you effectively distribute your fund?
How can you ensure compliance with marketing?
How can you ensure all reporting (legal, regulatory, operational and client) requirements are met?
How competitive is your fee structure compared to other investment managers?
How do you ensure that you maximize the attractiveness of your investment product to reach investment targets and prepare for fund raising?
How can you list your investment product?
How can you ensure that your investor onboarding process is compliant with AML/KYC guidelines and provides a best-in-class experience?
What level of due diligence should you apply for new investors?
Transaction and due diligence
M&A buy side
How do you ensure an effective and efficient seller and asset financial due diligence?
How do you ensure an effective and efficient seller and asset tax due diligence?
How do you ensure you select and invest in a target company successfully?
How do you ensure the fair valuation of the target company or real estate?
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?
How to structure the acquisition of a new Target or the disposal of a Project?
Are there VAT implications linked to purchasing an asset?
Which VAT registration regime fits best based on your economic activity?
Tel.: +352 22 51 51 - 5313
How do you incorporate and domicile a Luxembourg vehicle?
How do you ensure AML/KYC compliance and tax implications when calling capital from your investors?
Do you have an effective overview of your track record on deals and funds?
How do you comply with Priips reporting regulation?
Know your asset platform
How do you have an effective oversight on your asset and sub-asset manager?
KPI definition and dashboard
How can you effectively collect, organize and visualize your fund's key performance indicators?
How can you turn data into actionable insights?
How do you manage ESG reporting?
Tel.: +352 22 51 51 - 7545
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?
Tel.: +352 22 51 51 - 7328
Is your data architecture, quality data, and data governance strong enough to deal with new requirements and increasingly demanding reporting?
Tel.: +352 22 51 51 - 6298
How can you navigate ML/TF regulations and ensure compliance?
How do you ensure that appropriate privacy and security measures are in place to protect personal data under the GDPR?
Laurent De La Vaissiere
Tel.: +352 22 51 51 - 6038
How do you address the ramifications of the new AML / CFT Circular and ensure compliance?
How can you ensure operational efficiency within your tax model?
Tel.: +352 22 51 51 - 5339
Divestment and exit solutions
How do you make sure to execute the sale of assets on the best possible terms?
How do you guarantee the buyer a quality due diligence?
How do you anticipate the tax consequences upon liquidation of SPVs and cash repatriation up the chain?
Liquidation and winding down services
How can you exit the local market and/or dissolute your structure in Lux?
Performance distribution / Carry
Liquidation and winding down services
How can you ensure that your performance is accurately distributed?
Global mobility services
How do you ensure that management is properly incentivized?
Tel.: +352 22 51 51 - 5588
AIFMD compliance and reporting
How do you ensure compliance with AIFMD reporting?
How can you efficiently prepare all AIFMD reporting?
How do you ensure appropriate data treatments, classifications, and calculations in line with regulatory requirements?
How do you best prepare for CSSF inquiries and visits?
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?
How can you best organize your internal audit function as an AIFM?
Regulatory compliance and oversight
How do you handle the volume of due diligence questionnaires and strenuous oversight framework that the AIFM puts into place?
Audit and assurance services
Audit and assurance services
Reviewing of accounts
How do you efficiently annually review your accounts?
Tel.: +352 22 51 51 - 6738
Fund admin and accounting
How to ensure timely & accurate financial reporting?
Tel.: +352 22 51 51 - 6263
How can you effectively archive documents electronically in PSDC format?
Tel.: +352 22 51 51 - 7917
Tax and reporting
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?
Tel.: +352 22 51 51 - 5606
Global mobility services
Have you examined tax considerations, administrative obligations, and employee rights concerned with the moving of employees?
Tel.: +352 22 51 51 - 5345
What tax risks should you consider when transferring intra group assets?
How can you best produce frequent, detailed, and transparent reports for your investors?
How do you comply with European tax reporting requirements?
Tel.: +352 22 51 51 - 7610
How do you manage DAC 6 obligations?
How can you ensure the structure is tax compliant, including different jurisdictions and at investor level?
FATCA / CRS
How can you ensure compliance with FATCA and CRS when acquiring assets?
Tel.: +352 22 51 51 - 5492
Strategy, technology and operations
Selection of IT systems
What IT system best fits your needs?
How can you seamlessly implement IT systems within your existing operating model?
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?
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
- 1. Fund setup and capital raising
- 2. Asset Acquisition
- 3. Investment Ownership
- 4. Realization
|AIFM review (PDF | 0.8MB)||Regulatory compliance, internal controls, and other key function reviews|
|Corporate secretarial services||Reporting (PDF | 0.2MB)|
|Domiciliation services||Reviewing of accounts|
|Fund and SPV Accounting services||Selection of IT systems (PDF | 0.2MB)|
|Global mobility services||Tax compliance|
|Internal audit (PDF | 0.8MB)||Tax dispute resolution|
|New target operating model||Tax reporting (PDF | 0.8MB)|
|Regulatory compliance and oversight||Transfer pricing|
|Due diligence||Market intelligence|
|Fund distribution (PDF | 0.2MB)||Reporting|
|Fund services||Service provider selection|
|Fund strategy||Tax structuring (PDF | 0.2MB)|
|Internal controls review||Transfer pricing|
|M&A services and valuation|
|Know your asset platform||Regulatory reporting (PDF | 0.8MB)|
|KPI definition and dashboard||Substance analysis|
|Due diligence||Liquidation and winding down services|
|Global mobility services||M&A sell-side|