Fund Administration for Institutional and Donor-Funded Programmes

Capital committed to development outcomes has to reach recipients that conventional financial plumbing was never built to serve. Controls strong enough to satisfy a board tend to exclude them. Controls loose enough to reach them are impossible to defend. AlphaMaxx exists in that gap: a Mauritius FSC-regulated administrator, African-owned, with operating teams in Dakar and Abidjan.

What we do

Hold. Dedicated, segregated, multi-currency accounts holding only that programme's capital, with dual signatory control on every movement.

Check. Verification that the recipient is real, legally registered and clear of sanctions, and that every condition attached to the payment has been met, item by item on a written checklist.

Move. Execution in the right currency to the right account, with formal notification to the programme manager in the working language of the programme.

Prove. Complete audit trails, quarterly reporting, and audit readiness maintained continuously rather than assembled once a year.

Beyond conventional administration

Some mandates ask for more. Holding funds in the administrator's own name rather than through a trustee. Conducting risk-based verification visits in the field. Serving recipients who sit largely outside the formal financial system.

Conventional administrators will not do this work. Implementing organisations are rarely licensed to hold third-party fiduciary funds. We do both, because we are not only administrators. AlphaMaxx was founded by the founders of AFIG Funds, who have invested across Africa for more than twenty years.

Instruments we administer

Matching grants

Guarantee facilities with banks and microfinance institutions

Results-based financing

Technical assistance facilities

Challenge funds

Accelerator disbursements

Discuss a mandate

Strategic Advisory Services for Emerging Managers

Your partner in navigating the fund lifecycle. We offer expert guidance on fund structuring, providing tailored advice on the best structures and reviewing marketing documents

Fund Structuring

Advise on the most appropriate fund structure, considering investment objectives, the regulatory environment, and tax considerations; Review marketing documents

Fund Manager Toolkit

Provide templates, draft agreements, and models to accelerate the fundraising process

Fund Formation

Accelerate and manage setting up the fund in Mauritius, including its incorporation, the drafting of the fund documents, and the registration of the fund with Mauritius' Financial Services Commission (FSC)

Investor Services

Advise on investor relations strategy, including providing them with information about the fund, its investment objectives, performance, and risks.

Best-of-Class Mauritius Fund Administration

AlphaMaxx offers comprehensive services to ensure the smooth and compliant operation of your fund. From governance and fund administration to financial reporting and regulatory compliance, these services cover every aspect necessary for effective fund management:

Manage board proceedings; provide company secretarial services

Manage the corporate records of the funds; process capital calls and distributions; liaise with banks, regulators, authorities, and service providers; manage bank accounts; KYC due diligence of investors and investee companies

Prepare the fund's quarterly and annual financial statements per international financial reporting standards (IFRS) or other applicable standards

Maintain the fund's accounting records, including the general ledger, accounts payable and receivable, and cash flow

Arrange for an independent audit of the fund's financial statements (audit costs to be borne by the Fund)

Ensure that the fund complies with all applicable Mauritius regulatory requirements

Ensure that the fund complies with all applicable Mauritius tax laws and regulations.