FundRock has secured regulatory approval from the Autorité des Marchés Financiers (AMF), the French financial markets regulator, for FundRock FFAM, its new AIFM service in France.

The new service, which will assist international and domestic professional investors in accessing alternative asset classes including private equity and real estate, strengthens FundRock’s presence in the alternative investment market in Europe and particularly in France.

Since the initiative was announced last year, FundRock has attracted a large number of new French regulated funds. Prior to the launch of FFAM, a dedicated team within FundRock had been managing these funds from its Luxembourg entity under the Freedom to Provide Services (FPS) passport regime.

Now that authorisation has been received from the AMF, Jean Edouard Mazery, who is spearheading the new operation, will further develop the business in France with its team that has been expanded with recent hires having experience within European institutions, the financial market regulator, audit firms and financial institutions.

Read more/Source: Private Equity Wire