Carne Group

Carne Group occupies a structural position that most family offices encounter indirectly: it sits between asset managers and the regulatory frameworks those managers must satisfy to distribute funds into Europe and beyond. Founded in 2004 and recognised as Europe's largest independent third-party management company (ManCo), Carne provides the governance infrastructure that allows fund managers to launch, distribute, and operate funds across more than 160 jurisdictions without building that capability in-house. For family offices allocating into externally managed funds, understanding Carne's role matters when evaluating the operational quality and governance standards of fund managers in their portfolio.

Carne's three service lines reflect different degrees of outsourcing engagement. Carne Access provides market entry via its own ManCo structure. Carne Transform takes on a firm's proprietary management company function entirely. Carne Select delivers targeted support across specific functions including distribution, AML, reporting, and governance. Supporting these services is Curator, Carne's proprietary data platform, which consolidates operations and reporting workflows for the fund managers it serves. Specific capabilities include:

• Independent directorship services in the Cayman Islands and select international jurisdictions, with directors capped on relationship count to preserve quality
• AML oversight and board support across fund structures
• Regulatory compliance support for ETF launches, prospectus preparation, and regulator submissions
• Know Your Assets (KYA) tooling addressing asset-level data pain points
• Fund governance and conflicts advisory

Carne serves approximately 700 clients ranging from boutique managers to the majority of the world's 20 largest asset managers, with over $1 trillion in AUM on its Curator platform. A strategic investment from Permira, announced in January 2026, values the business at €1.4 billion. Pricing is not publicly disclosed. Carne is primarily relevant to family offices as a counterparty quality signal or as a service provider to the funds they invest in, rather than as a direct family office operating tool.

• Acting as third-party management company for fund distribution into European and global markets
• Providing independent directorship services for Cayman Islands fund structures
• Delivering AML oversight and governance advisory for fund managers
• Supporting regulatory compliance for fund launches including ETFs
• Outsourcing or co-managing proprietary management company functions
• Consolidating fund operations and data via the Curator platform

• Carne Access: third-party ManCo for market entry across jurisdictions
• Carne Transform: full outsourcing of proprietary management company operations
• Carne Select: modular toolkit covering distribution, reporting, AML, and governance
• Curator: proprietary digital platform for operations, data, and reporting consolidation
• Independent directorship services in Cayman Islands and international offices
• Know Your Assets (KYA) tooling for asset-level data management
• AML oversight and board support for fund structures
• Conflicts and governance advisory services
• Regulatory submission support including ETF prospectus preparation
• Distribution support for cross-border fund access

Built for Fund Managers, Investment Teams.

Dedicated regional contacts per jurisdiction, direct email and phone access per office location.