Overview

U Fund Services S.à r.l. (“UFS”), a CSSF‑regulated AIFM, has adopted Cascade as its core AML/KYC platform to centralize and structure information across investors, assets, and counterparties. With over €5 billion in assets under management, eight Private Equity funds, more than 400 investors and over 600 portfolio assets, UFS needed a reliable and scalable solution to enhance governance, streamline processes, and meet increasing regulatory expectations.

“Cascade’s ability to centralize information, structure operational tasks, and ensure AML/KYC regulatory compliance has significantly improved our daily management and visibility on ongoing projects.”

— Hafid Hourfane, Conducting Officer Compliance & RC, U Fund Services

The Challenge

Before implementing Cascade, KYC documentation and operational follow‑ups were dispersed across several systems and manual trackers. UFS needed to consolidate all AML/KYC data in a single environment, improve transparency over fund structures, and move away from manual processes that increased the risk of inconsistencies and delays. The goal was also to prepare for the deployment of real‑time reporting, dashboards, and advanced analytics.

Why U Fund Services (UFS) Chose Cascade AML Software

Cascade was selected because it meets the operational and regulatory requirements of an AIFM, while offering strong scalability.

Key elements that drove the selection included:

Centralized and structured AML/KYC repository for all entities within PE structures
Intuitive interface enabling fast adoption by operational and compliance teams
Strong workflow engine to support recurring processes and reduce operational friction
Architecture designed for seamless integration with Power BI and future AI modules

This combination positioned Cascade as the most suitable platform for UFS’s long‑term governance needs.

Impact on Daily Operations

Since its implementation, Cascade has already improved the efficiency and coordination of day‑to‑day operations. Onboarding and KYC consultation processes are faster and more consistent, and the team now benefits from real‑time visibility on ongoing projects and deadlines. The reduction of manual follow‑ups has improved prioritization, strengthened internal governance, and enhanced audit readiness.