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Carta has received a Specialised Professional of the Financial Sector licence from Luxembourg’s financial regulator, allowing the private capital platform to provide licensed fund administration and transfer agency services directly for Luxembourg-domiciled structures, The Fintech Times reports. The authorisation from the Commission de Surveillance du Secteur Financier, or CSSF, covers five statutory functions: registrar agent, corporate domiciliation agent, company incorporation and management services, administrative agent of the financial sector, and client communication agent. The report lists the authorisation number as 10199274/0. For Carta’s existing clients operating Luxembourg parallel or feeder funds, the company says the approval opens the way to consolidating records and administration across jurisdictions within its platform. Carta describes the licence as completing the remaining gap in its Luxembourg offering. The operational focus is on connecting work that can otherwise involve separate systems and service providers. Fund accounting, investor identity checks, fund closings and reporting all form part of the proposition. Yves Cheret, an authorised manager at Carta, said parallel funds, feeder structures, reporting across jurisdictions and complex investor checks were precisely the circumstances in which a connected system of record could make a difference. Alongside the authorisation, Carta has introduced several platform capabilities. Its Lux Closings service supports closings for RAIF, SIF and SICAR structures and applicable entity types. A unified know-your-customer form, with real-time status tracking, is intended to let general partners monitor limited partner onboarding within the same system. Carta also reports that 90% of cash transactions are automatically reconciled within 24 hours and that 90% of capital calls are set up within that period. These are company-reported performance figures. According to the report, its AI-assisted workflows remain subject to human verification in line with CSSF requirements. The Luxembourg expansion adds licensed local services to a broader private markets platform. The report says four acquisitions over the past year have extended Carta’s capabilities across limited partner portfolio analytics, loan operations, customer relationship management and legal services. Carta says it serves 10,000 funds and special purpose vehicles globally, representing $250 billion in assets under management. The practical change for managers with Luxembourg structures is the ability to obtain the newly licensed services within Carta’s existing platform. The company’s proposition centres on bringing administration and investor workflows together, with the authorisation providing the regulatory basis for those services in Luxembourg.
Carta has received a Specialised Professional of the Financial Sector licence from Luxembourg’s financial regulator, allowing the private capital platform to provide licensed fund administration and transfer agency services directly for Luxembourg-domiciled structures, The Fintech Times reports.
The authorisation from the Commission de Surveillance du Secteur Financier, or CSSF, covers five statutory functions: registrar agent, corporate domiciliation agent, company incorporation and management services, administrative agent of the financial sector, and client communication agent. The report lists the authorisation number as 10199274/0.
For Carta’s existing clients operating Luxembourg parallel or feeder funds, the company says the approval opens the way to consolidating records and administration across jurisdictions within its platform. Carta describes the licence as completing the remaining gap in its Luxembourg offering.
The operational focus is on connecting work that can otherwise involve separate systems and service providers. Fund accounting, investor identity checks, fund closings and reporting all form part of the proposition. Yves Cheret, an authorised manager at Carta, said parallel funds, feeder structures, reporting across jurisdictions and complex investor checks were precisely the circumstances in which a connected system of record could make a difference.
Alongside the authorisation, Carta has introduced several platform capabilities. Its Lux Closings service supports closings for RAIF, SIF and SICAR structures and applicable entity types. A unified know-your-customer form, with real-time status tracking, is intended to let general partners monitor limited partner onboarding within the same system.
Carta also reports that 90% of cash transactions are automatically reconciled within 24 hours and that 90% of capital calls are set up within that period. These are company-reported performance figures. According to the report, its AI-assisted workflows remain subject to human verification in line with CSSF requirements.
The Luxembourg expansion adds licensed local services to a broader private markets platform. The report says four acquisitions over the past year have extended Carta’s capabilities across limited partner portfolio analytics, loan operations, customer relationship management and legal services. Carta says it serves 10,000 funds and special purpose vehicles globally, representing $250 billion in assets under management.
The practical change for managers with Luxembourg structures is the ability to obtain the newly licensed services within Carta’s existing platform. The company’s proposition centres on bringing administration and investor workflows together, with the authorisation providing the regulatory basis for those services in Luxembourg.
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