Licensing

Fund Managers (both domestic and offshore) require a financial services licence in order to provide financial services.
Polar 993 is licenced to appoint fund managers across a range of asset classes under its AFS Licence to provide general advice to wholesale clients by way of a Corporate Authorised Representative appointment.
The Corporate Authorised Representative appointment of the Investment Manager under the AFS Licence of Polar 993 will allow the Investment Manager to promote its fund to wholesale investors by providing general financial advice.
Polar 993 supports the Fund Manager by also providing the compliance and regulatory framework and monitoring.

Trustee & Corporate Director

Unregistered managed investment schemes require a trustee.
To qualify as a managed investment trust (MIT fund) an AFS Licenced trustee is required.
Polar 993 is licenced to act as the corporate trustee of wholesale unregistered managed investment schemes across various asset classes including equities, private equity, venture capital, property funds, credit, agricultural and commodities funds, and also satisfies the criteria to act as the wholesale trustee for MIT funds.
Polar 993 as the trustee of a fund has fiduciary duties to the fund’s investors and is independent from the Investment Manager and other fund service providers which investors value.
The scope and the duties Polar 993 has when acting as the Trustee includes:

Responsible for managing the compliance of the fund and maintaining compliance policies and procedures
Issuing the Information Memorandum to be used for the fund’s capital raising
Ensuring that the fund is managed by the Investment Manager in accordance with the fund’s Information Memorandum and its Trust Deed
Overseeing the valuation processes of the fund
The review and sign-off of the annual accounts and audit of the fund

The role of Polar 993 Fund Services as the fund administrator will include:

Online subscription application portal
Online investor register portal
Processing subscriptions and redemptions to the Fund
Issuing contract subscription notes to investors
Establishing and maintaining the investor registry of the Fund
Undertaking the initial and annual KYC and AML for all Fund Investors
Producing the quarterly net asset value (NAV) of the Fund
Entering all portfolio transactions into the accounting system
Maintaining and operating in accordance with the Trustee’s and Investment Manager’s approval, the bank account of the Fund
Processing distributions from the Fund
Maintaining the books and records of the Fund
Investor capital calls (if applicable)
Investor reporting

Working with the Investment Manager and the external tax/accounting advisers & auditors who will prepare the:

The Polar 993 team has extensive experience and success raising capital for various investment strategies.
The Polar 993 team have raised over $3bn for credit, real estate, private equity, venture capital, equities and commodities funds.
The Polar 993 team has long standing deep relationships with high net worth family offices, domestic institutions, Asian institutions, US pension funds and global asset managers.
The services and roles that Polar 993 is able to assist the Investment Manager with are:

Capital Raising – assist in arranging meetings and raising capital
Pitch book – providing suggestion for content
Marketing material – providing input into the content for Due Diligence Questionnaire and review
Presentation assistance – work with the Investment Manager to refine the investor pitch