The authorisation means Carta can now offer licensed fund administration and transfer agency services directly within its platform for Luxembourg-domiciled fund structures, completing what the company describes as the final gap in its Luxembourg proposition. Existing clients running parallel or feeder funds through Luxembourg can now consolidate onto a single system of record across jurisdictions, replacing the fragmented arrangements that have long been a friction point in cross-border fund administration.

Luxembourg is the second-largest fund domicile in the world, home to around 5,000 alternative investment fund entities managing in excess of €1 trillion in assets. The jurisdiction also serves as the preferred hub for more than 1,000 US and Asia-Pacific fund managers running parallel or feeder structures, with those vehicles representing more than $333 billion in assets under management. That combination of scale and structural complexity makes fund administration there operationally demanding: managers have historically had to maintain separate systems and counterparty relationships for each function and jurisdiction, with manual reconciliation to bridge the gaps.

Yves Cheret, authorised manager at Carta, framed the authorisation in operational rather than marketing terms. “Parallel funds, feeder structures, multi-jurisdictional reporting, complex KYC flows: this is exactly the environment where having everything on one connected system of record makes the difference,” he said.

Alongside the licence, Carta has made several platform capabilities live. Lux Closings supports compliant closings across RAIF, SIF and SICAR structures and applicable entity types. A unified KYC form with real-time status tracking gives general partners visibility into limited partner onboarding inside the same system.

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