NATAM Management Company

What NATAM Management Company does

NATAM Management Company is a Luxembourg-based third-party Management Company (ManCo) that provides collective portfolio management, risk management, governance, administration oversight, and distribution support services to institutional investors, asset managers, and financial intermediaries. It is authorized by the CSSF under both UCITS (Chapter 15 of the 2010 law) and AIFMD (2013 AIFM law) regimes, giving it a dual permission that enables it to manage both retail-facing UCITS V funds and alternative investment funds. Founded in 2016, NATAM is a wholly-owned subsidiary of Banca Finnat Euramerica S.p.A., an Italian family-owned banking group founded in 1898 that manages over €22bn in group-level assets as of 31 December 2025 and has maintained a Common Equity Tier 1 ratio between 28.00% and 34.90% at year-end from 2011 to 2025.

NATAM operates four fund vehicles: New Millennium SICAV (a UCITS V-compliant umbrella fund with 15 sub-funds, originally launched by Banca Finnat in 1999), New Millennium SIF-SICAV (a specialized investment fund for institutional/professional investors, launched in 2007), Fond'Azioni SICAV-RAIF (a reserved alternative fund for Italian banking foundations with 4 sub-funds), and Nevermind (NVM) SICAV-RAIF (a closed-end venture capital fund). It also provides six service lines: Investment Management, Risk Management & Investment Compliance, Set-up & Legal Compliance, Administration Support, Governance Support, and Marketing & Distribution (including EU marketing passport facilitation for AIFMD structures). The company has offices in Luxembourg (headquarters) and a representative office in Rome hosted at Banca Finnat Euramerica.

Revenue is generated from recurring management fees on the funds it manages, with pricing handled on a bespoke, quote-based basis tailored to each institutional client's fund structure. The go-to-market is sales-led, relying on direct institutional relationships augmented by the Banca Finnat Group's distribution network in Italy. NATAM has 1-10 employees and a stated share capital of €750,000. It has earned three consecutive years of podium placements at Il Sole 24 Ore's Premio Alto Rendimento (1st in 2024, 2nd in 2025 and 2026) and CFSrating 2025 top-300 recognition for multiple New Millennium sub-funds. No proprietary technology platform or AI/ML capabilities are disclosed.

Name

NATAM Management Company

Legal name

NATAM MANAGEMENT COMPANY

Website

http://www.natam.lu/en/

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

NATAM Management Company is a Luxembourg-based third-party Management Company, dual-authorized by CSSF under UCITS and AIFMD regimes, providing fund management, risk management, governance, and distribution services to institutional investors, asset managers, and financial intermediaries across its four fund vehicles.

Ownership category

akta.pro rank

Product category

Fund Management Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE)

Keywords

• Fund management services
• UCITS fund management
• AIFMD fund management
• Collective portfolio management
• Institutional asset management

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Collective Portfolio Management Fees: NATAM generates revenue as an authorized Management Company providing collective portfolio management services under both UCITS (Chapter 15 of the 2010 law) and AIFMD (2013 AIFM law) regimes. Revenue is derived from management fees charged on assets under management across its fund vehicles, including UCITS New Millennium SICAV (15 sub-funds), New Millennium SIF-SICAV, Fond'Azioni SICAV-RAIF, and Nevermind (NVM) SICAV-RAIF.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

NATAM is a Luxembourg-based third-party management company authorized by CSSF to provide collective portfolio management services under both UCITS (Chapter 15 of the 2010 law) and AIFMD (2013 AIFM law) regimes. It manages four main fund vehicles—New Millennium SICAV (15 sub-funds), New Millennium SIF-SICAV, Fond'Azioni SICAV-RAIF, and Nevermind (NVM) SICAV-RAIF—and delivers supporting services in investment management, risk management and investment compliance, fund set-up and legal compliance, administration oversight, governance, and EU marketing/distribution for institutional clients.

Product overview

NATAM Management Company offers a Third-Party Management Company platform providing fund management and distribution services. The core offering includes four main fund vehicles: New Millennium SICAV (UCITS V compliant umbrella fund with 15 sub-funds), New Millennium SIF-SICAV (Specialized Investment Fund for institutional investors), Fond'Azioni SICAV-RAIF (reserved alternative investment fund for banking foundations with 4 sub-funds), and Nevermind (NVM) SICAV-RAIF (closed-end venture capital fund). Supporting these funds, NATAM provides six service areas: Investment Management, Risk Management & Investment Compliance, Set-up & Legal Compliance, Administration Support, Governance Support, and Marketing & Distribution. The company operates under dual permission from CSSF to manage both UCITS and AIFMD funds.

Differentiator

Problem solved

Functional benefit

Brands

• New Millennium SICAV: Luxembourg-domiciled umbrella fund of 15 sub-funds, compliant with the UCITS V Directive, founded in 1999 by Banca Finnat.
• New Millennium SIF-SICAV
• Fond'Azioni SICAV-RAIF
• Nevermind (NVM) SICAV-RAIF

Products and services

• New Millennium SICAV UCITS V-compliant Luxembourg-domiciled umbrella fund of 15 sub-funds, founded in 1999 by Banca Finnat. Each sub-fund focuses on a specific asset class, geographical area, currency, sector, or investment strategy, serving institutional and professional investors seeking diversified Luxembourg fund vehicles.
• New Millennium SIF-SICAV Specialized Investment Fund (SIF) launched in 2007 by Banca Finnat, subject to CSSF supervision. Currently structured with one sub-fund reserved for institutional or professional investors seeking Luxembourg-domiciled specialized fund exposure.
• Fond'Azioni SICAV-RAIF Reserved alternative investment fund (RAIF) established by Italian banking foundations together with Banca Finnat to manage their assets via trusted investment managers. Currently structured with four sub-funds, each dedicated to specific banking foundations.
• Nevermind (NVM) SICAV-RAIF Reserved alternative investment fund including Nevermind Venture Lazio, a closed-end venture capital fund marketed exclusively to professional investors in Italy. Provides Italian professional investors access to venture capital exposure via a Luxembourg RAIF structure.
• Investment Management Services Supervises and monitors investment processes delegated to third-party portfolio managers, ensuring investment recommendations are implemented and documented efficiently for fund promoters and institutional clients.
• Risk Management & Investment Compliance Services Defines appropriate risk management processes and investment policies, provides ongoing monitoring of portfolio risks including market, operational, counterparty, and liquidity risks for NATAM-managed funds.
• Set-up & Legal Compliance Services Acts as single point of contact in Luxembourg for fund promoters, coordinating fund setup and legal activities, including selection of investment vehicles and service providers.
• Administration Support Services Specializes in selection and ongoing supervision of service providers including fund accounting, transfer agent, custody, and fund administration monitoring.
• Governance Support Services Coordinates relationships with supervisory authorities and control functions, provides support on corporate events, and ensures legal obligations under corporate legislation are complied with.
• Marketing & Distribution Services Provides proactive support to promote and facilitate commercial activities, concludes placement and distribution agreements, and facilitates EU marketing passport for Alternative Fund structures.

Quantifiable outcome

• New Millennium Sub-Funds ranked among top 300 funds in CFSrating 2025, with Augustum Corporate Bond and Augustum Italian Diversified Bond among best in category, and multiple funds recognized as best 'Over 10 Years' performers.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Carne Group: Carne Group is a specialist third-party fund management company (ManCo) and governance firm operating across Ireland, Luxembourg, and the UK. It offers AIFM/UCITS management company services, risk, compliance, and distribution support to asset managers and institutional clients, directly competing with NATAM's third-party ManCo model.
• Waystone: Waystone is a global provider of fund governance, management company, and regulatory services with strong Luxembourg presence (formerly MDO Management Company). It directly competes with NATAM in delivering AIFM/UCITS ManCo services, risk management, and compliance oversight to asset managers launching Luxembourg-domiciled funds.
• Universal Investment: Universal Investment is a major German-Luxembourg fund platform providing AIFM/UCITS management company services, master-KVG, administration, and risk oversight. Like NATAM, it acts as a third-party ManCo for institutional and third-party asset managers across European fund structures.
• Lemanik: Lemanik is a Luxembourg-based management company authorized under both UCITS and AIFMD, providing portfolio management, risk, and administration oversight to institutional clients. It is a direct competitor to NATAM in the third-party Luxembourg ManCo space.
• IQ-EQ: IQ-EQ is a Luxembourg-headquartered investor services group offering fund administration, AIFM/ManCo, depositary, and compliance services. It directly competes with NATAM in providing third-party management company services for UCITS and alternative fund vehicles.
• Alter Domus: Alter Domus is a Luxembourg-headquartered fund administration and ManCo services provider focused on alternative investment funds. It directly competes with NATAM in delivering AIFM management company, administration oversight, and governance services to institutional asset managers and fund promoters.

Broad incumbents

• Apex Group: Apex Group is a global financial services provider that, through its acquisition of FundRock, offers Luxembourg management company (AIFM/UCITS) services alongside a much broader fund administration, depositary, and corporate services platform. It competes with NATAM as part of a far larger end-to-end fund services offering.
• CACEIS Investor Services: CACEIS is a major European asset servicing group (part of Crédit Agricole) offering fund administration, depositary, custody, and management company services in Luxembourg and other hubs. It overlaps with NATAM's ManCo and governance services as part of a wider institutional servicing platform.

Others

• KNEIP: KNEIP is a Luxembourg-based fund data management and regulatory reporting specialist serving asset managers, ManCos, and distributors. While not a direct ManCo competitor, it operates in NATAM's fund governance and compliance ecosystem as an enabling technology vendor.
• Banca Finnat Euramerica S.p.A. Banca Finnat Euramerica is NATAM's 100% parent and an Italian specialized financial services bank with €22+ billion AUM. It is not a direct competitor but the controlling shareholder, sponsor, and primary distribution channel underpinning NATAM's business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/natamman-co

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NATAM Management Company