Setting up a new fund comes with its share of challenges, especially for first-time fund managers.
LOOKING TO SET UP & ADMINISTER A SMALL-CAP FUND?
Focus on the fund essentials, we’ll do the rest
Administered by Grovest, Rencell’s purpose is to empower the next generation of fund managers by supporting their efforts through a ready-to-go, compliant, and well-managed fund structure for smaller funds that drives optimum investment.
It is the only fund structure of its kind.
The road to fund success is long, tough and often lonely, and the Rencell model provides the much-needed support for first-time and emerging fund managers in the set up and administration of their funds.
Rencell Fund I closed 30 June 2021 with R110 million in assets under management. Rencell Fund II launched in July 2021 and is open for new share class fund managers.
An Authorised Financial Services Provider.
Rencell Limited FSP Number 47737 | Rencell Fund II Limited FSP Number 50359.
Immediate start
We’ll have you up and running in less than two weeks, leaving you with the time to focus on the fund essentials of raising capital, seeking investment, post investment management, networking, and marketing.
Affordable
Rencell handles all the heavy lifting for one fixed monthly fee. It’s more cost-effective because the costs are shared across a number of different share classes. There are no surprises - all fees are agreed up front.
Compliant
From registration with the FSCA and providing a Key Individual for the fund, to an FSCA-approved Compliance Officer and legal agreements, fund managers can tick all the compliance requirements off their list.
Looking to set up and administer a large cap and/or section 12B fund?
Fund set up
There are various complexities when setting up a large cap PE fund or a Section 12B En commandite partnership.
We work with our clients to understand their unique needs, strategy, objectives, fund mandate, and more.
We then establish and implement the structure, and ensure all necessary documentation is prepared and compliant.
Administration
We support our clients through our comprehensive range of fund administrative services, including legal, accounting, reporting, drawdowns, compliance and more.
By handling all the heavy lifting, you can focus your efforts on executing your fund’s strategy.
Advisory
Our diversified and experienced team supports and consults our clients throughout the fund’s life cycle.
From deal facilitation, corporate finance, and structuring to valuations, transaction assistance and more, we create value by helping our clients unlock potential and maximise the fund’s operations. and performance.
Fund set up & administration services
Looking for a fresh approach to administration?
Fund Set up
- Conceptualisation and implementation of optimum fund structure
- Setting up appropriate fund structures including en commandite partnerships
- Drafting of all legal agreements
- Drafting of prospectuses and investment memorandums
Fund Administration
- Providing a third-party FSCA-approved Compliance Officer
- Assisting the Fund Manager with the Financial Intelligence Centre Act 38 of 2001 (FICA) requirements in respect of all investors into the Fund
- FAIS compliance reviews
- Appointing and assisting a suitable natural representative with fulfilling his/her requirements to become a Key Individual in terms of FAIS in due course
- PI and D&O cover
- Applying for appropriate FAIS license for the Manager, when appropriate
- Assisting the Manager’s natural representative (and up to two others) with fulfilling their requirements to become a Representative in terms of FAIS
- Facilitating the Manager’s appointment as a juristic Representative on a JRP tax certificates
- Valuations of the Fund
- Financial modelling
- Investor onboarding
- Company secretary and auditor liaison
- Quarterly reporting to investors
- Treasury Services
- Managing investor capital commitments and drawdowns
- SARS administration and returns
- SARS registrations
- Accounting and bookkeeping services
- Making disbursements on behalf of the fund
- Preparing IT3b and Section 12BA tax certificates
“At Grovest, our commitment lies in ensuring accuracy, efficiency, and transparent communication in managing all accounting and financial matters for the funds entrusted to us. This dedication guarantees that every fund under our management receives reliable financial oversight and operational excellence”