Taru, the independent fund administration provider headquartered in Amsterdam, today announced it has received approval from the Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), enabling the firm to provide fund administration services directly from one of the world’s leading fund domiciles.
The milestone marks the next phase of Taru’s European growth strategy, strengthening its ability to support private equity, venture capital, private debt, infrastructure, and real estate fund managers across Europe as demand for Luxembourg fund structures continues to grow.
The expansion comes as Luxembourg’s private markets ecosystem continues to strengthen, with assets under management reaching €8.38 trillion in March 2026 – up 11.5% year-on-year1 – and the jurisdiction reinforcing its position as Europe’s leading domicile for cross-border investment funds and alternative fund structures.
The CSSF’s licensing process includes a detailed assessment of a firm’s governance, compliance framework, financial resources, and operating model, providing clients with confidence that Taru meets Luxembourg’s high regulatory standards.
Founded by experienced fund administration professionals, Taru was built to offer an independent alternative to legacy fund administrators. As an independent fund administrator, Taru has invested for the long term, building its operational and technology ecosystem to address some of the pain points that fund managers and their LPs are experiencing across the industry. Built on a modern technology platform from day one, Taru combines institutional-grade capability with boutique relationships.
Taru provides fund administration, investor services, AML/KYC, governance, and reporting for managers investing across illiquid asset classes. The firm serves a growing client base ranging from first-time fund managers to established institutional investment firms across Europe. Unlike many larger providers managing multiple inherited systems, every Taru client operates on the same modern platform, giving managers a consistent service and technology experience.
Its leadership team has collectively supported more than 150 funds across private capital, bringing experience from some of the largest Fund administrators in Europe.
Mari Hietala-David, CEO at Taru, said: “Receiving our CSSF licence is a defining milestone for Taru and a springboard for our next phase of growth. We already have a strong pipeline of fund managers looking to launch or expand in Luxembourg, alongside growing inbound from managers actively looking to move away from legacy administrators that no longer provide the responsiveness, consistency or technology they expect. This licence enables us to serve that demand directly, building on the modern technology and senior-led, responsive service that our clients value.”
Jacques-Olivier Cogis, Head of Luxembourg at Taru, added: “Luxembourg remains the jurisdiction of choice for alternative investment managers because it provides the regulatory framework and international credibility institutional investors expect. Securing our CSSF licence enables us to serve that growing demand directly, giving clients a single point of accountability backed by local expertise.”
Paul De Lange, Head of Funds at Taru, added: “At Taru, we have one north star KPI: turning every client into an ambassador for the firm. We achieve this by doing what we say we will do and by being a reliable partner every day of the week. That consistency is what sets Taru apart, and market feedback confirms it is much needed.”
1 Source: ALFI (Association of the Luxembourg Fund Industry), Luxembourg Fund Industry Statistics, March 2026.
