Fast-tracked policies and procedures manual for a new European real estate fund
WHAT: Creation of a “leading practice” policies and procedures manual to support the launch of a new real estate fund
WHY: To satisfy investor demands for transparency and pass auditor scrutiny, enabling successful fundraising
Enhancing governance to unlock investor confidence
For investors in real estate, robust governance and transparency are now essential—not optional. In the wake of increasing regulatory pressure and heightened scrutiny from both investors and auditors, fund managers need to demonstrate not just compliance, but leadership in operational best practice.
An international real estate fund manager, preparing to launch a new fund focused on the UK and European markets, recognised this imperative. To gain a competitive edge in raising capital, they needed to demonstrate clearly defined, high-quality policies and procedures across their business.
With investor queries already surfacing, the fund manager turned to Remit Consulting for rapid support.
The challenge
Launching a real estate fund involves navigating complex legal, regulatory, and operational frameworks—often under intense time pressure. In this case, the fund manager needed to produce a comprehensive policies and procedures manual in a very short period, covering the full lifecycle of real estate investment and fund management.
The documentation needed to be:
• Clear, practical, and aligned with relevant legislation
• Reflective of the fund manager’s operational style and management priorities
• Suitable for training and internal team adoption
• Ready for submission to auditors, as part of the fund’s compliance framework
Failure to deliver could delay the fund launch or limit the capital raised.
Remit Consulting’s solution
Remit Consulting applied its proprietary Remit Process Model to rapidly assess the fund manager’s operations and identify the core business areas requiring documentation. Leveraging our extensive library of leading practice templates, we developed a tailored suite of policies, process maps, and procedural guidance documents.
Key areas covered included:
Client onboarding and acceptance
Investment Committee procedures
Appointment, management, and oversight of third-party service providers
Financial controls and approvals
Ongoing compliance and internal audit readiness
Our approach ensured all documentation was detailed yet adaptable, assigning responsibilities clearly and providing a framework for monitoring and compliance.
Through a collaborative series of interviews and review sessions, we fine-tuned the outputs to match the fund manager’s exact requirements. This ensured both operational practicality and investor-facing transparency.
““We reached agreement on the framework for the documentation very swiftly, and I believe the client was genuinely impressed by the depth of expertise we brought to the assignment.
“It was especially satisfying that the procedures manual was approved during the audit with no queries or amendments required.””
The outcome
The final policies and procedures manual was delivered on time and formed a critical component of the fund’s documentation during placement. Importantly, it was submitted to the fund manager’s auditors and passed audit scrutiny without comment—a testament to both the rigour and clarity of the work.
By using Remit’s structured methodology and sector experience, the fund manager avoided costly delays and was able to move ahead confidently with capital raising, armed with documentation that would stand up to investor and regulatory scrutiny alike.
For further information, please contact Andrew Waller.