FUNDS, 01Aut. 10077274 · 142 Boulevard de la Pétrusse, Luxembourg

Investment fund services in Luxembourg, administration, substance and reporting.

FSL is the operational arm of Luxembourg funds: fund accounting, net asset value calculation, substance, regulatory and investor reporting. We run and sustain the structure over time. FSL handles structuring, substance, accounting and reporting; CSSF authorisation and reserved acts are coordinated with our network of partner lawyers and notaries.

In short

Fund services cover the operational functions of a Luxembourg investment vehicle (RAIF, SIF, SICAR, SCSp): bookkeeping, NAV calculation, investor and regulatory reporting, domiciliation and substance. They are distinct from management (AIFM) and from reserved legal acts.

Key takeaway

  • FSL operates the fund (accounting, NAV, reporting); CSSF authorisation and legal acts are handled by our partners.
  • A RAIF launches in 6 to 10 weeks as it requires no direct CSSF authorisation but mandates an authorised AIFM.
  • Economic substance in Luxembourg underpins the tax security of the structure.

Who this is for

  • PE, VC, debt and real estate fund managers
  • Sponsors launching a RAIF, SIF or SICAR
  • AIFMs and management companies outsourcing their back office
  • Family offices structuring a dedicated investment vehicle

What we do

  • Fund and underlying SPV accounting (Lux GAAP, IFRS)
  • Net asset value (NAV) calculation and performance reporting
  • Investor reporting: capital calls, distributions, capital accounts
  • Substance, domiciliation and governance support for the vehicle
  • Coordination with AIFM, depositary, auditor, lawyers and notaries

A free first call within 24 hours, with a dedicated contact. NDA from first contact.

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Preparation checklist

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FAQ

Frequently asked questions

Are you an AIFM or a depositary?
No. FSL provides operational services (accounting, NAV, reporting, substance) and coordinates with an authorised AIFM and a depositary. We do not perform regulated management or asset custody.
Can you support a fund launch?
Yes, on the structuring and back-office side: vehicle choice, accounting set-up, substance and coordination of parties. CSSF authorisation and notarial acts are handled by our partners.
Which vehicles do you cover?
RAIF, SIF, SICAR, SCSp/SCS and the intermediate SOPARFIs of a two-tier structure, as well as securitisation vehicles.
How often do you calculate the NAV?
Per the fund documents: monthly, quarterly or semi-annually for private asset funds; at the cadence required by your AIFM and investors.
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Which service, structure and timeline?

Urgency