Whether you're spinning out, launching a first fund, or relocating an existing strategy, the licensing, compliance and operational build-out can take longer and cost more than the investment work itself. Provenance gives you the regulated infrastructure to operate — authorisation, compliance, scheme and trustee infrastructure, and operational governance — so you can focus on managing capital for your wholesale clients.
The challenge for emerging and established managers
Standing up your own Australian Financial Services Licence means an application assessed by ASIC, responsible managers, capital and insurance arrangements, and an ongoing compliance function — before you've managed a dollar. For many managers that's months of cost and distraction. The alternative is to operate on an established licensed framework and direct your time to strategy and clients.
How Provenance helps investment managers
Provenance is built on the licensed framework of Providence Equity Holdings. Depending on where you are, you can use one or more of:
-
Authorised Representative Onboarding →
Get to market under our AFSL — operate as an authorised representative rather than holding your own licence.
-
Managed Scheme & Trustee Infrastructure →
Operate your fund or scheme — licensed trustee and scheme infrastructure for wholesale schemes.
-
Syndication & Co-Investment →
Pool capital from wholesale investors — syndication and co-investment vehicles for deals and strategies.
-
Compliance & Regulatory Reporting →
Meet your compliance and reporting obligations — a maintained compliance framework, monitoring and regulatory reporting.
-
Operational Governance →
Run to an operating standard — governance, risk and operational frameworks.
New to AFSL obligations? See our guide to the licensing pathways, or what it costs to set up a wholesale fund.
Which path is right for you?
A guide to where managers usually start. The right structure depends on your situation and needs confirming with us.
| Your situation | Where to start | |
|---|---|---|
| 1 | Launching a strategy quickly and don't want your own licence | Authorised Representative Onboarding |
| 2 | Raising a pooled wholesale fund | Managed Scheme & Trustee Infrastructure |
| 3 | Co-investing or leading deals with other wholesale investors | Syndication & Co-Investment |
| 4 | Have your own AFSL but need compliance or operational support | Compliance & Regulatory Reporting and Operational Governance |
Who this is for
- Emerging managers and spin-outs — institutional-grade infrastructure without building it from scratch.
- First-time fund launches — licensing and operations handled, so you can focus on the strategy and the raise.
- Established managers — offload compliance and operational overhead, or add scheme and trustee infrastructure.
Frequently asked questions
Do I need my own AFSL to manage a wholesale fund?
Not necessarily. You can operate as an authorised representative under Providence's AFSL, or use our scheme and trustee infrastructure, rather than holding your own licence. The right path depends on your strategy and stage.
Can you help me launch a fund?
We provide the licensed scheme and trustee infrastructure to operate a wholesale fund. We provide the regulated infrastructure you operate on — we do not offer or recommend investments to you or your clients.
Is this only for wholesale clients?
Yes — Provenance's framework is for managers providing financial services to wholesale clients only.
Can I transition to my own AFSL later?
Yes. Many managers start on our framework and move to their own licence as they scale.