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Methodology

A proprietary framework.
Built for open-ended and semi-liquid funds.

Lanthor applies a structured, proprietary methodology to assess governance quality and regulatory readiness in European open-ended private markets funds. Every formula is published in full in the Metric Registry.

What it is built on

Grounded in European market practice.

Primary research
Built on primary research across DACH and Nordic open-ended fund structures. Calibrated to observable market behaviour, not generic frameworks.
Regulatory alignment
Aligned to the regulatory requirements now in force under AIFMD II. Updated as regulatory expectations evolve.
Institutional calibration
Calibrated against institutional investor expectations. Outputs are designed to hold up under LP and regulatory scrutiny.
Comparable outputs
The same methodology applied each time. Results that are comparable across runs, across funds, and across markets.
Regulatory grounding

Aligned to current European standards.

The framework draws on publicly available European regulatory guidance and industry standards. References do not imply endorsement or official certification.

AIFMD II
Directive (EU) 2024/927. Mandatory liquidity management requirements and updated governance obligations for EU AIFMs managing open-ended funds.
ESMA guidelines
ESMA guidance on liquidity stress testing, fund governance, and supervisory expectations for open-ended fund managers.
ESRB research
Published research on liquidity mismatch and systemic risk in open-ended funds holding illiquid assets across European markets.
INREV standards
Industry guidelines on transparency, investor reporting, and governance standards for non-listed private markets vehicles.
Important

How outputs should be used.

Outputs from the platform are designed to support internal governance, investor relations, and regulatory preparation. They are not a substitute for independent legal, compliance, or investment advice.

All fund-level inputs are treated as confidential. Individual fund data is not shared with or disclosed to third parties without explicit written consent. Data is processed in accordance with GDPR. Full details are in our Privacy Policy.

Open methodology. Every formula, weighting, rubric, and confidence rule used by the platform is published in the live Metric Registry. Browse the Registry →

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See Lanthor
in action.

Every calculation is published in the Metric Registry. The platform itself applies them to your fund data.

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