Pascal HERNALSTEEN
Sections
Engagement Mode III

Head of AIFM
30 · 60 · 100

  • Command of an established Luxembourg AIFM
  • Regulatory standing with the CSSF
  • Delegation, valuation and risk oversight
  • A client book on a growth rhythm
Day 1–30 · Baseline→Day 31–60 · Design→Day 61–100 · Activate→
Phase 01
30
DAYS

Baseline.

Take the measure of the platform before changing anything.

Governance and regulator

  • Meet the board, conducting officers and control functions
  • Read the CSSF file: correspondence, findings, remediation
  • Map the licence perimeter against the actual book

People and substance

  • Assess the conducting officer bench and key-person risk
  • Review substance against AUM and mandate growth
  • List the hires the regulator expects next

Clients and mandates

  • Meet the top sponsors and their deal teams
  • Read the client book: profitability, risk, scope
  • Flag at-risk mandates and scope creep

Oversight in practice

  • Review the oversight of every delegate
  • Test valuation governance on the hardest asset
  • Read the risk map and compliance monitoring plan
Deliverable
Baseline report to the board: regulatory standing, people, clients, top 5 risks.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 1–30
Phase 02
60
DAYS

Design.

Set the priorities and the operating rhythm.

Regulatory

  • Prioritise remediation, CSSF-critical first
  • Set the cadence of the CSSF relationship
  • Fold AIFMD II and regulatory change into the plan

Operating model

  • Upgrade delegate oversight to KPI and KRI dashboards
  • Refresh committee charters and decision rights
  • Close the gap between procedures and practice

People and growth

  • Lock the org chart and succession for regulated roles
  • Agree the hiring plan with the board
  • Align the commercial plan with the wider platform
Deliverable
A board-approved 12-month roadmap: remediation, operating model, growth.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 31–60
Phase 03
100
DAYS

Activate.

From plan to operating rhythm.

Regulatory

  • Close the first CSSF-critical findings
  • Walk the regulator through the roadmap
  • Keep the licence perimeter ahead of the pipeline

Oversight

  • Ship the oversight dashboard and escalation matrix
  • Run a full oversight cycle on every delegate
  • Test escalation on one live incident

Clients and growth

  • Re-engage top clients with a service plan
  • Turn one at-risk mandate into a reference
  • Open cross-sell with the wider platform

Financials

  • Rebudget margin per mandate and cost to serve
  • Reforecast the AUM ramp and fee grid
  • Recalibrate own funds and regulatory capital
Deliverable
An AIFM on rhythm: board pack, KPI dashboard, 12-month plan in execution.
PASCAL HERNALSTEEN · OPERATING PARTNERAIFM · DAY 61–100