AIFMD
24 January 2022
Domicile watch: January 2022
Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist
20 January 2022
Navigating new rules
Ropes & Gray partner, Eve Ellis, takes a look back at private equity fund regulations throughout 2021, and looks ahead to what's in store for 2022 and beyond
10 January 2022
Planning permission
A growing number of small managers are taking on full scope AIFM permissions well ahead of time; the market is split on whether or not this is a good move or a big burden
21 December 2021
Deep dive collection
Selection of The Drawdown’s extended analysis features from 2021
16 December 2021
Key reporting deadlines for Q1 2022
Need to know dates for private equity filings in the first quarter of 2022
25 November 2021
European Commission puts AIFMD and ELTIF under review
The legislative proposals adopted include clarification on delegation rules
18 October 2021
LISTEN: Private debt’s next stage of maturity
Direct lending has come a long way in a short period of time
11 October 2021
Fund domiciles in 2021: UK
Key facts and figures relating to why the UK is an emerging domicile
11 October 2021
Fund domiciles in 2021: Malta & Cyprus
Key facts and figures relating to why Malta and Cyprus are domiciles of choice for small and emerging managers
7 October 2021
Fund domiciles in 2021: Cayman Islands
Key facts and figures relating to why Cayman Islands is a well-regarded domicile
7 October 2021
Fund domiciles in 2021: Guernsey
Key facts and figures relating to why Guernsey is considered a highly innovative domicile
7 October 2021
Fund domiciles in 2021: Jersey
Key facts and figures relating to why Jersey is a fast and flexible domicile
4 October 2021
Fund domiciles in 2021: The Netherlands
The Netherlands is an important centre for pension funds and offers a light regime for smaller GPs
4 October 2021
Fund domiciles in 2021: Ireland
Ireland is a domicile to watch thanks to its recent Investment Limited Partnerships reform
4 October 2021
Fund domiciles in 2021: Luxembourg
Luxembourg is a tried and tested domicile, popular with LPs, but concerns are mounting over skills and talent levels
4 October 2021
Shifting sands: the domicile dichotomy
On the surface, selecting a fund domicile is largely about catering to investor needs, however, just as the private capital fund space is ever-changing, fund jurisdictions are ever-evolving and appearances can be deceiving
26 July 2021
Domicile watch: July 2021
Key takeaways from the major PE domiciles: including Denmark's ranking as most business-friendly domicile, increased fund fees for Jersey and Guernsey's proposal for increasing fees
12 July 2021
You can’t stand under my umbrella
The Greensill scandal has thrown light on umbrella structures, which are now under review by the FCA - what could this mean for private equity?
1 July 2021
A guide to Germany’s new pre-marketing rules
New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist
4 May 2021
WATCH: What do LPs do with all the data?
A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information
28 April 2021
LISTEN: Do we even need standardisation? Episode 2
The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?
22 April 2021
Profile: Magdalena Pasecka, Innova Capital
The partner and CFO discusses her reasons for leaving and returning to Innova, operational challenges of CEE-funds as well as why being a woman in PE is an advantage
21 April 2021
LISTEN: Do we even need standardisation? Episode 1
A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?
4 March 2021
Deeper Perspective: The UK Funds Regime
Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?
15 February 2021
Private equity and the trade and cooperation agreement
Brexit has shifted from political to economic, causing widespread disruption for private equity, writes Denzil Davidson of Global Counsel
8 February 2021
GAAP in Lux
Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds
8 February 2021
Tangled up
Despite reaching a deal, the UK's departure from the EU leaves private equity firms caught up in an intricate web of rules and regulations
5 February 2021
AIFMD review response: if it ain’t broke don’t fix it
EFAMA has published its response to the European Commission consultation for an AIFMD review, requesting limited amendments
1 February 2021
Luxembourg to reach €5trn AuM
Luxembourg remains popular with funds industry as total AuM set to reach €5trn
1 February 2021
Xolaris granted Liechtenstein AIFM authorisation
Third party AIFM provider Xolaris has been authorised to offer its ManCo services in Liechtenstein
17 December 2020
The conversation: Trends in 2021 and beyond
InCloudCounsel founder and CEO Troy Pospisil examines patterns established in 2020 and how they will impact the next few years in private capital markets
14 December 2020
Class of 2020
A cross-section of industry practitioners share their greatest lessons of this year
8 December 2020
2020 in review: Regulatory complexity
A look back at the regulatory transformation around the AIFMD in the private equity market in 2020
2 December 2020
LISTEN: InCloudCounsel’s Pospisil on private equity roots
In the first instalment of our mini podcast series, Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about the company’s origins: what drove him to set up the firm and how it has developed over the past seven years.
16 November 2020
No place like home: finding the right fund domicile
Predictability, reliability and quality are key components, according to our expert panel
6 November 2020
European Commission issues AIFMD consultation
It seeks views on how to achieve a more efficiently functioning EU AIF market, as part of a stable financial services system
13 October 2020
WATCH: No place like home: finding the right fund domicile
Predictability, reliability and quality are key components, according to our expert panel
5 October 2020
AIFMD proposals: What’s good, what’s bad, what’s missing?
Following an evaluation of AIFMD's impact, ESMA has recommended 19 areas for amendments to the European Commission
28 September 2020
Ocorian acquires Newgate Compliance
The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.
21 September 2020
Comment: Cross-border marketing of funds
Richard Small, partner of Addleshaw Goddard, deciphers increasing complexities around crossborder marketing rules
1 September 2020
Culture shock
Culture's intrinsic link to behaviour means private equity must think carefully about how it navigates the crisis
1 September 2020
Avega launches AIFM business
ACM aims to “shake up the fund industry and bring a new approach to alternative investments”
19 August 2020
ESMA reveals proposed amendments to AIFMD
The regulator’s letter follows its evaluation of the impacts of AIFMD to date, based on a review carried out by KPMG in 2017
31 July 2020
AIFMD evaluation: watch this space
The European Commission’s recent evaluation of the directive leaves the industry unsure as to what will happen next
16 July 2020
Post Brexit rules come to light
The FCA announced replacement rules for investment firms, namely a new prudential regime that may hit PE houses
17 June 2020
European Commission evaluates impact of AIFMD
The survey assessed whether specific rules are considered effective, efficient, coherent and relevant by stakeholders
11 June 2020
Comment: A decade of fund finance in Luxembourg
More competition plus an increasingly complex regulatory environment requires greater sophistication and specific LPA provisions, writes Wildgen's Michael Mbayi
11 June 2020
ESMA outlines plans for fund fees and expenses
The guidance responds to calls for improving convergence across national regulators in their approach to fund costs
5 June 2020
ESMA updates MiFID II compliance guidelines
The final draft replaces the 2012 guidelines and provides more clarity on implementation and supervision of new MiFID II compliance function requirements
14 May 2020
The Private Equity Editor’s Podcast 4
Through our combined expertise of PE investments to operations - and everything in between - this snappy podcast neatly distils the need-to-know market developments of the last week.
30 March 2020
COVID-19: Economic substance adjustments
Could temporary measures drive global consensus on economic substance requirements?
17 March 2020
5 minutes with… Troy Pospisil, InCloudCounsel
InCloudCounsel founder and CEO Troy Pospisil discusses the advantages of digitising legal contracts
16 March 2020
The increasingly public world of private equity
In late January, the IPEM conference in Cannes brought together almost 3,000 delegates, spanning all corners of the industry. The key takeaway was that private equity is an increasingly public affair
16 December 2019
Craic on
Reforms to Ireland’s LP structure will likely be legislated in early 2020, however, after years of promises, what will actually be legislated and will PE care?
16 December 2019
Romania approves New AIF Law
Updated law better aligns Romania with recent EU developments
22 November 2019
AIFMD II: WTF? (What the fund, obvs)
Following a review of the AIFM Directive in 2017, where are we now, what has happened, will there be an AIFMD II?
8 November 2019
Fund structures are so last season
As new waves of regulation continue to hit private equity, managers are quietly shifting to the peaceful waters of deal-by-deal investing
2 August 2019
Standardisation: not the whole story
Aims to improve and create efficiencies for the reporting of fees and expenses are valiant but templates only tell part of the story
22 August 2018
In or out? Tackling back office complexities
AltaReturn whitepaper details new approaches to running the back office