Solutions

Islands and Gibraltar Debt Fund Services Team

Who we are and what we do

  • The Islands and Gibraltar Debt Fund Services Team, backed by the Deloitte North South Europe (“NSE”) network, has an industry-leading depth of experience and expertise across all debt asset types; including senior debt in direct lending funds, mezz/unitranche, distressed receivables, CLO originator vehicles.
  • Our award-winning Debt Fund Services team has developed a level of competency, experience and expertise which is unique in the financial services market.
  • The multidisciplinary team’s client experience and technical knowledge across key debt asset types means it can deliver an expert and insightful audit.
  • Deloitte’s Debt Fund Services team spans audit but also includes advisory and tax experts with a debt focus in the Channel Islands, other offshore jurisdictions and Deloitte’s NSE network.
  • Deloitte’s market leading reputation has developed over the past 10 years and is grounded in marquee debt sector clients including LSE and TISE listed debt funds.
  • We have a distinct team of audit professionals with a focus on and specialism and breadth of experience on Debt Fund audits.

Winner of the 2019, 2020 and 2021 Alt Credit European Performance & Services Awards for best Audit Service

Winner of the 2019, 2020 Alt Credit US Awards for best Audit Service

  • We had great testimonials from our debt fund clients, who appreciated our collaborative approach, our practical recommendations to improve their expected credit loss analysis
  • We have developed our Credit Centre of Excellence which provides a consistent framework for auditing loan losses across our clients and embeds IFRS 9 specialists in Bank and Debt fund audit teams to challenge and support audit teams to ensure the right questions are asked early in the audit process.
  • We have been able to refine our use of delivery centres to create specialisms for lower risk areas of debt fund audits to enable the core team to focus on the riskier areas and key judgements. Our extensive use of delivery centres over more than 5 years means we now have highly integrated teams with experience on debt fund audits.

Contact us to discuss your needs around tax advisory, tax compliance, debt advisory (sourcing of lenders), fund finance advisory (assistance around obtaining leverage at a fund level) and Audit services for Debt Funds.

Key contacts

Marc Cleeve

Marc Cleeve

Partner, Audit & Assurance

Marc is a Jersey based Partner with over 18 years’ experience in the offshore fund and banking sector. He leads the audits of a Debt and Private Equity Fund portfolio with AUM of more than £14bn and l... More

Adam Hart

Adam Hart

Director

Adam has worked for Deloitte Guernsey since 2004, specialising in tax since 2007. He is a Chartered Accountant and a Chartered Tax Advisor. Adam’s main area of focus is international tax in the funds ... More