AIFMD II compliance infrastructure for loan-originating AIFs

European private credit funds are entering a new regulatory regime. AEGIS helps AIFMs monitor loan-originating fund limits, identify exceptions, and generate board-ready compliance evidence from portfolio data and loan documents.

Built in Luxembourg for EU AIFMs, private credit managers, fund CFOs, risk teams, and compliance officers.

The Regulatory Trigger

AIFMD II turns loan origination into an ongoing control problem

Loan-originating AIFs can no longer rely only on periodic manual reviews. Compliance teams need live visibility over fund exposures, borrower limits, risk retention, leverage, liquidity controls, and board evidence throughout the full fund lifecycle.

Risk retention

Track 5% retention requirements and transfer restrictions across every originated loan.

Concentration limits

Monitor borrower, group, and restricted counterparty exposure against fund and regulatory thresholds.

Leverage monitoring

Compare actual leverage against fund-level and regulatory limits on an ongoing basis.

Liquidity controls

Evidence liquidity management tools, stress testing, and redemption policy controls for open-ended structures.

Board reporting

Produce exception logs, remediation notes, and board-ready compliance packs each period.

AEGIS converts fragmented loan data, fund documents, and policy rules into a structured compliance monitoring layer.

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The Problem

Today, compliance evidence is scattered across documents, spreadsheets, and service providers

Before AEGIS

  • Loan agreements sit in PDFs.
  • Portfolio exposures live in Excel.
  • Fund rules are buried in PPMs, policies, and legal memos.
  • Board packs are manually assembled.
  • Exceptions are discovered late.
  • Audit trails are incomplete.

After AEGIS

  • 1Upload loan book, fund documents, and policy rules.
  • 2AEGIS extracts key obligations and exposures.
  • 3The platform flags potential breaches and missing evidence.
  • 4Compliance teams review, approve, and export a board-ready report.

Every output is source-linked, timestamped, and reviewable by the fund team.

AEGIS helps teams monitor key AIFMD II loan-origination obligations, identify exceptions, and generate reviewable compliance evidence — giving fund teams one place to monitor, evidence, and report the controls that matter.

Platform Preview

One workflow first: continuous AIFMD II monitoring

AEGIS starts with the highest-urgency workflow — helping AIFMs evidence compliance with the AIFMD II loan-origination regime. Upload the loan book, fund documents, and relevant policies. AEGIS maps key obligations, checks exposures, flags potential exceptions, and generates board-ready outputs for review.

AIFMD II Compliance Engine — Q2 2026

Annex IV Filing

Due 30 Jul

on track

Risk Retention

5.0%

compliant

Single Obligor

10.0% max

monitor

Borrower Count

23 / min 10

compliant
Art. 15 Loan Origination Checklist
5% retention on all originated loans
Open-ended fund: max 20% per obligor
Liquidity management policy documented
Leverage limit set by NCA communicated
Maturity mismatch tools activated

AEGIS Advisory

Maturity mismatch tools not yet activated. Under Art. 15(4), open-ended loan origination AIFs must implement liquidity management tools. Recommend activating redemption gates before next filing.

Continuous Art. 15 monitoring. Every regulatory obligation tracked, flagged, and filed.

Product Roadmap

Built for private credit
fund operations teams.

AEGIS starts with AIFMD II compliance and expands across the full private credit fund lifecycle — covering the workflows that matter most to AIFMs, compliance teams, and fund CFOs.

Phase 1
Now Building

AIFMD II Compliance Engine

The beachhead product

Continuous monitoring of loan-originating AIF controls, exception reporting, and board-ready compliance evidence for AIFMs operating under the AIFMD II loan-origination regime.

  • Risk retention, concentration, and leverage monitoring
  • Exception detection and remediation notes
  • Board-ready compliance evidence packs
  • Liquidity management tool controls
  • Annex IV reporting support
Phase 2
Q3 2026

Private Credit Portfolio Controls

Deeper fund intelligence

Covenant tracking, borrower metrics, exposure movements, valuation support, and pre-deal impact analysis — connected to the same fund data layer.

  • Covenant monitoring and breach prediction
  • Borrower financial metrics and ICR tracking
  • Exposure movement and concentration alerts
  • Pre-deal AIFMD II impact simulation
  • Valuation support and IFRS 9 tracking
Phase 3
Q4 2026

Fund Reporting Layer

From weeks to one click

Recurring board packs, LP reporting support, Annex IV workflows, audit evidence, and depositary-ready workpapers — generated from live portfolio data.

  • Quarterly LP reports and board packs
  • Annex IV and regulatory reporting workflows
  • Audit and depositary workpapers
  • SFDR and ESG disclosure support
  • NAV validation and reconciliation
Phase 4
2027

Private Credit Operating System

A live control and intelligence layer

A live intelligence layer across the private credit fund lifecycle — covering every control, every obligation, and every stakeholder workflow from origination to exit.

  • Natural language queries across the fund
  • Full scenario analysis and stress testing
  • Regulatory Digital Twin for any what-if question
  • Cross-fund intelligence and benchmarking
  • Integrated AIFM operating system

AEGIS

Join the
Design Partner Programme

We are selecting 5–7 European AIFMs and private credit teams to help shape the first AIFMD II compliance engine for loan-originating funds.

Early access to the AIFMD II rule engine
Ability to prioritise the first controls
Private product workshops with the founders
Founding pricing — fixed for life

Get in touch

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