Artesian PROVIDES FUND ADMINISTRATION AS A SERVICE (FAaaS) TO VCs, accelerators, family offices, corporates and institutions. 

 

We LEVERAGE our intellectual property and industry knowledge, funds administration expertise, data gathering and analysis capabilities TO BUILD Australia’s largest VC funds administration and support services business.

Artesian is established and licensed in Australia to conduct all relevant funds administration activities for VC fund managers.​ Artesian currently manages 8 ESVCLPs and 2 AFOFs.

ADMIN

Artesian's FAaaS platform is a turnkey solution providing outsourced fund administration activities, saving time, money and resources.

VC Funds Administration requires a team of professional with specialised skills including :

  • Legal

  • Compliance

  • Accounting

  • Investor relations

  • Performance Reporting

  • Audit

  • Tax

  • Financial Services License

Artesian's FAaaS allows organisations looking to establish institutional grade fund administration capabilities a faster entry to market with real efficiency and scaleable capacity.

"The first rule of any technology used in a business is that automation applied to an

efficient operation will magnify the efficiency. The second is that automation

applied to an inefficient operation will magnify the inefficiency."

 

Bill Gates - Microsoft

LEGAL

 

Artesian is a global, boutique debt specialist focused on relative value opportunities to produce absolute returns

ACCOUNTING

We identify niche opportunities in global debt markets, & produce consistent alpha by leveraging our size/agility, experience & networks

COMPLIANCE

 

We identify niche opportunities in global debt markets, & produce consistent alpha by leveraging our size/agility, experience & networks

REPORTING

 

We identify niche opportunities in global debt markets, & produce consistent alpha by leveraging our size/agility, experience & networks

FUND ADMINISTRATION AS A SERVICE (FAaaS)

OVERVIEW

The growth in VC activity in Australia, the introduction of a range of stimulatory taxation benefits for Australian VC combined with Artesian’s deep experience in Australian funds administration for its own VC business provides Artesian with the opportunity to expand into the dominant Australian VC funds administration as a service business within 5 years.

CHALLENGES FOR NEW VC FIRMS

The sharp increase in the number of Australian start-ups launching over the last 5 years has resulted in an equivalent increase in the number of aspirational fund managers looking to launch VC funds. Many of these are first time managers.  While they may have had experience working in investment banks, traditional funds management or have been angel investors, in most cases, they will face a number of challenges including:

 

  • no experience in running a VC fund and little understanding of the necessary licensing and fund accounting responsibilities

  • no experience of the complexity, or cost, of building VC funds (such as ESVCLPs) that qualify under the Venture Capital Act 2002 as providing tax free returns to investors

  • their proposed or actual funds will typically be small.  VC fund raising is difficult even for established managers let alone those new to the industry  

  • accordingly, the expected fee income will be low and the capacity of these managers to afford the front-end and on-going costs of building and running a fund is constrained

  • in many cases, the licensing requirements alone are enough to dissuade would-be managers from launching funds. These managers cannot afford to undergo the licensing process and do not have the personnel capability to fill the key person roles required by ASIC under the Australian Financial Services Licensing rules

  • they cannot afford to either employ the staff required, or implement systems, to run an effective back office to satisfy both ASIC and their future investors that they are a credible investment proposition

As a result, there is strong and growing demand for an outsourced solution to address this gap in the market.

 

ARTESIAN FAaaS SOLUTION

FAaaS SOLUTION FOR NEW VC FIRMS

Artesian is established and licensed in Australia to conduct all relevant funds administration activities for VC fund managers.

Artesian currently manages 8 ESVCLPs and 2 AFOFs.

The fund administration and related functions for each of those funds is undertaken by Artesian’s funds management operations team located in Melbourne comprising:

  • fund accounting

  • legal

  • taxation

  • compliance

  • audit

  • reporting

  • Australian financial services licensing

  • investor relations expertise.

Artesian (Artesian Venture Partners) holds a wholesale AFSL  which allows it to:

  • advise wholesale investors;

  • deal in a range of financial instruments including securities and derivatives with wholesale investors; and

  • take custody of financial assets.

There is no regulated element of the venture capital business cycle that is not covered by the AVP Licence.  

 

EXISTING FAaaS MANDATES

Seed Space is an Australian and Swiss based early stage venture capital firm focused on emerging fintech opportunities.

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Galileo is a venture fund and accelerator that invests in & supports Australia’s best & most ambitious emerging founders.|

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