GoJuSan
Sections
Engagement Mode III

AIFM
30 · 60 · 100

  • A launch-ready Luxembourg AIFM
  • CSSF dossier
  • Governance
  • Valuation and delegation oversight
Day 1–30 · Baseline→Day 31–60 · Design→Day 61–100 · Activate→
Phase 01
30
DAYS

Baseline.

Define the core strategic axes of the project with the sponsor.

Strategic axes with the sponsor

  • Map investment strategies and asset classes
  • Decide third-party vs. proprietary scope
  • Define features of the first fund project

Service providers

  • Identify Key Partners and initiate RFI
  • Identify Service Partners and initiate RFI
  • Define delegation model and oversight perimeter

Business plan

  • Draft revenue model, fee structure, AUM ramp
  • Size cost base: people, systems, regulatory capital
  • Build 3-year P&L and break-even view

Governance

  • Shape Board composition and conducting officer profiles
  • Frame committee structure and decision rights
  • Outline shareholder governance
Deliverable
Governance gap assessment + CSSF strategic presentation.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 1–30
Phase 02
60
DAYS

Design.

Design the Target Operating Model.

Regulatory

  • Integrate CSSF feedback from pre-filing meeting
  • Analyse gaps vs. AIFMD and CSSF expectations
  • Build the programme of activity

Service providers

  • Launch Key Partners RFP
  • Score and shortlist on price, capability, cultural fit

Organisation

  • Define org chart and reporting lines
  • Lock the target operating model
  • Select core systems (PMS, accounting, risk, compliance)
  • Draft job descriptions for regulated and key roles
  • Confirm governance and committee charters
Deliverable
Control framework v1.0: KPI dashboard + escalation matrix.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 31–60
Phase 03
100
DAYS

Activate.

From design to operating reality.

Service providers

  • Negotiate commercial and SLA terms
  • Appoint and sign delegation agreements

Key procedures and policies

  • Prioritise CSSF-critical vs. operational
  • Customise to the AIFM's strategy and risk profile
  • Draft operating procedures and oversight playbooks

Corporate and governance

  • Identify Board members and independent directors
  • Define directors' roles and segregation of duties
  • Draft Articles of Incorporation

Refine budget and business plan

  • Define pricing policy and fee grid
  • Update P&L with negotiated provider costs
  • Reforecast AUM ramp and break-even
  • Draft cash forecast
  • Calibrate regulatory capital, own funds
  • Fine-tune CSSF business plan
Deliverable
Target operating model: scalable Luxembourg AIFM, launch-ready.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 61–100