End-to-end fund launch support for emerging managers — from regulatory strategy and AIFMD/UCITS licensing through operational build-out and day-one readiness. We help you get from concept to first NAV with a compliant, institutional-grade infrastructure.
Focus: Emerging hedge fund managers, mutual fund launches, spin-outs from institutional asset managers
Launching a fund is one of the most complex regulatory undertakings in financial services. You need a licence (or a licence exemption strategy), a compliant fund structure, operational infrastructure, service provider agreements, risk management frameworks, and investor-ready documentation — all before you can accept a single euro of capital.
Diletti has guided fund launches from initial concept through AFM/DNB authorisation and first trading day. We understand the Dutch regulatory landscape intimately — including the practical realities of the AIFMD licensing process, the sub-threshold registration regime, and the national private placement rules for marketing to professional investors.
Our approach is pragmatic: we build exactly what you need to launch and operate compliantly, without over-engineering for requirements that don't apply at your scale. As your fund grows, we help you scale your compliance infrastructure proportionately.
Full licence application support for AFM authorisation as AIFM or UCITS management company. Includes sub-threshold registration assessment, programme of operations, and regulatory dialogue management.
Legal structure selection (FGR, NV, CV), domicile strategy, feeder-master structures, share class design, and fund documentation (prospectus, KIID/KID, fund rules).
Service provider selection and due diligence — administrator, custodian/depositary, prime broker, auditor, legal counsel. SLA negotiation and oversight framework design.
AIFMD-compliant risk management policy covering market risk, credit risk, liquidity risk, counterparty risk, and operational risk. Includes stress testing methodology and risk limits framework.
Compliance manual, compliance monitoring programme, personal account dealing policy, conflicts of interest register, AML/KYC procedures, and complaints handling.
DDQ preparation, operational due diligence readiness, ISAE 3402 roadmap, investor reporting templates, and marketing material compliance review.
Comprehensive compliance framework adaptable for fund manager operations. View template →
Market abuse detection and prevention for fund managers trading in listed instruments. View template →
Diletti has supported fund launches across the hedge fund and long-only spectrum, drawing on decades of asset management experience at firms including ING Investment Management, Aegon Asset Management, and Robeco. Our fund start-up advisory combines deep regulatory knowledge with practical operational experience — we know what AFM and DNB expect, and we know what it takes to build a fund that works on day one.
A 30-minute call is usually enough to map out your licensing options and identify the critical path to launch.
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