SANNE in Dublin obtains fund administration licence and is set to continue to grow in Ireland with new jobs being created as a result
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Managing Director, Alternative Assets - EMEA
Martin is a Managing Director with responsibility for leading Sanne’s Alternative Assets business across EMEA. The Alternatives platform includes Private Equity, Debt, Real Estate and Hedge strategies.
Previously, Martin was head of Sanne's Private Debt and Capital Markets Division. He joined Sanne in 2011 from Babson Capital (now Barings), the global asset manager, where he was a finance director with responsibility for the firm's private debt and private equity businesses. Prior to that, Martin worked for Advent Venture Partners as a financial controller, having originally qualified as a chartered accountant with KPMG. Martin is a Fellow of the Institute of Chartered Accountants in England and Wales and has nearly 20 years of experience working in the finance industry.
Recent insight from Martin Schnaier
Opalesque 2017 Ireland Roundtable sponsored by SANNE
Sean Murray, Head of Funds Services - EMEA
Martin Schnaier, Managing Director, Alternative Assets - EMEA
Martin Schnaier's specialisms
Private Debt Fund Administration
We provide a specialist service, spanning multiple jurisdictions, supported by experienced people and industry-leading loan administration systems. Teams work exclusively on debt funds and underlying SPVs for many of the world’s leading asset managers. We ensure availability at all stages of the transaction execution period and have the experience to properly implement legal and tax advice. Our experience within debt funds include the following strategies:
Direct Lending and Commercial Loans
Funds may include senior loans, including bank debt such as VFNs and RCFs, direct lending and sponsorless debt, small-cap mezzanine and corporate loans. We also perform value added services to managers such as borrower KYC on direct loans.
Non-performing secured and unsecured loans
With a focus on transaction management and financial reporting, our team works with major NPL managers acquiring distressed CRE loans, residential mortgages and personal finance portfolios across Europe including management companies relating to the portfolios.
Real Estate Finance
Real estate loans including senior, stretch senior and mezzanine facilities. We also provide loan administration services including providing an outsourced portfolio reporting and covenant tracking service to asset managers.
Large-cap and mid-market LBO deals across senior and subordinated debt tranches whether on a primary or secondary basis.
Infrastructure debt and project finance
Senior and mezzanine infrastructure debt and project finance including renewable energy and carbon credit orientated funds.
Structured credit and special situations
RMBS, CMBS, CDS, CLOs and other structured credit solutions.
Real Estate Fund Administration Services
Our dedicated Real Estate fund administration services encompass the full life cycle of a fund, including consultation during the establishment of the fund’s legal structure, the offering process, investor and fund manager reporting, regulatory compliance and investor fund closings.
Private Equity Fund Administration
Our dedicated Private Equity focused fund administration business teams perform a full range of services, including fund establishment, regulatory applications, transaction management, administration, corporate governance and financial reporting. Our services include:
- Fund structure implementation
- Investor client due diligence checks
- Launch, closings and equalisations
- Domiciliation and provision of directors
- Capital call / distribution activity
- Deal process management
- Cash management and Treasury services (link to ITS team)
- Asset safeguards including safe custody and provision of bank signatories
- Regulatory compliance
- Compliance with local regulatory regimes
- Assistance with AIFMD Risk and Portfolio monitoring
- AIFMD Annex IV Reporting
- Portfolio monitoring and reporting – Limited partnership interests and direct portfolios
- Financial reporting
- NAV and performance calculations
- Waterfall and incentive allocation calculations
- Investor reporting including ILPA reporting
- FATCA/CRS reporting
- Investor communications
- Listed funds stock exchange continuing obligations
Hedge Fund administration
Our wide scope of services is delivered by a skilled and dedicated team to ensure that client objectives are supported and synergies are established at every level.
We administer the following types of funds - Collective investment schemes, Equity Long/ Short and Market Neutral funds, Commodity funds, Fixed income funds, Multi-strategy funds, Funds of hedge funds, Mezzanine debt funds as well as other combinations of multi-currency and multi-jurisdictional structures.
A key service provided to clients is the calculation of an independently valued portfolio Net Asset Value (NAV). This is produced at a frequency required by the fund, in line with its liquidity requirements and ranging from daily to quarterly reporting.
We offer clients a full spectrum of accounting services, from the maintenance of fund accounting records and the processing of expenses, management and performance fees and corporate actions, through to the best practice preparation of annual financial statements and coordination of the annual audit. Investor servicing is provided in an integrated solution with an ability to maintain a full share register or partner capital accounts. Fund Accounting is responsible for the maintenance of fund accounting records in accordance with local laws, regulations and accounting standards.
Other services encompassed in the offering include fund of fund custody, cash management and middle office services.