Resources / Compliance
Show your supervisor how every commitment was made.
Solvency II and IORP II ask insurers and pension funds to understand the risk in every fund they hold, and AIFMD asks fund-of-funds managers to select and monitor the funds they invest in with due diligence. The obligation stays with your team. FundFrame keeps the evidence that you met it.
Book DemoAn independent view
European regulators increasingly expect supervised LPs to form their own independent view of GP-determined valuations, rather than simply accepting what is reported.
Carsten Rønfeldt, Executive Advisor
Form your own view of every figure the manager reports.
Every number FundFrame reads keeps a link to the document and the page it came from. Click a NAV or a capital call and the statement opens with the figure highlighted, so your risk function checks the source instead of taking the report at its word.
Answers Solvency II Art. 132 and IORP II Art. 19
North Investment Partners
Fund IV
First meeting on Fund IV
Met Erik and Maria in Stockholm. Same team as III, no departures. Two more exits in II since we passed, both above the last mark (Maria says 2.1x and 1.7x gross). II ex-Hallgrim is now around 1.3x, so the one-deal point is weaker than it was. PPM in the data room. Suggest we pull the 2021 minutes before IC.
Anna Lind
Why we passed in 2021
Passed on Fund III
Pass. II is a one-deal fund. Hallgrim is most of the value, the other seven are below cost. Team is fine and we like the sector, but we can’t underwrite repeatability off one exit. Told Erik we’d look again once more of II has realised. Anna to keep in touch.
IC minutes, Jonas Berg
Document why you chose every manager.
The diligence, the committee memo and the decision stay on the manager's record, with the reason your team gave and who gave it. When a supervisor asks how a commitment was made, the answer is one record, not a search through inboxes.
Answers IORP II Art. 19, and AIFMD Art. 18 for fund-of-funds managers
Keep a record of every change to the data.
FundFrame writes every change to an audit log, with who made it, when, and the values before and after. The log runs across the CRM and Monitoring, so the trail behind a figure holds from the first meeting to the latest quarter.
For your auditors and your supervisor
One system for finance, investment and compliance.
Three teams that work from the same data. Nobody reconciles spreadsheets between functions, and every figure any of them uses traces back to the same source.
Finance
Cash flows and NAV
Every capital call, distribution and NAV is read from the notice or statement and booked on the right fund, with a link back to the page it came from.
Booked this week
- North Investment Partners IVCapital call€2.4M
- Vestbryn Growth Partners IIDistribution€1.1M
- North Investment Partners IIINAV, Q2€38.6M
Read from the notice, linked to the page
Investment team
Company figures beside the NAV
The company figures in every quarterly report land on the right company, and FundFrame AI marks the ones that need a closer look before the next conversation with the manager.
Helix Bio, Q1 to Q4
Needs attentionCompliance and risk
Exposure through the funds
Look through the funds to the companies underneath and cut the portfolio by sector, geography, vintage or manager, with a company held through several funds shown as one exposure.
Exposure by sector, look-through
- Healthcare24%
- Software19%
- Industrials14%
- Consumer11%
Helix Bio held through three funds, 6.1% as one exposure
The rules your team invests under.
The European rules that ask regulated investors to understand what they hold, and how FundFrame helps your team meet them.
Solvency II
Dir. 2009/138/EC, Art. 132
What it asks
Insurers may only invest in assets whose risks they can identify, measure, monitor, manage, control and report.
How FundFrame helps
Every figure traces to the page it came from and every fund looks through to its companies, so your team measures the risk itself instead of taking the manager's word for it.
IORP II
Dir. (EU) 2016/2341, Art. 19
What it asks
Pension funds must invest in the best long-term interest of their members, with the risks properly identified.
How FundFrame helps
The diligence, the committee memo and the reason for each decision stay on the manager's record with who made it and when, so your team can show how every commitment was made.
AIFMD
Reg. (EU) 231/2013, Art. 18
What it asks
Managers of alternative investment funds, including funds of funds, must apply a high standard of due diligence when they select and monitor what they invest in.
How FundFrame helps
Your team runs each fund's diligence on one record and FundFrame reads every quarterly report as it arrives, so the selection and the monitoring that follows sit in the same place.
Common questions
Something else? Get in touch.