AIFMD
5 June 2023
State of substance
How are GPs giving their firms the necessary mass to operate in Luxembourg?
24 May 2023
ESMA issues opinion on ‘undue costs’
Regulatory authority is concerned about diverging levels of investor protection across the bloc
15 May 2023
In-house rules: legal versus compliance
As more lawyers move into in-house roles within private equity, they can take up the mantle of either legal or compliance – but how do these functions cross and diverge?
10 May 2023
Help your LP help you
As regulatory and economic perspectives on capital allocation diverge, LPs’ expectations towards their GPs are changing
3 April 2023
ESMA publishes product governance guidelines
The requirements are akin to the FCA’s Consumer Duty but are not legally binding
28 March 2023
Comment: Antitrust in me
Merger enforcers turn up the heat on private equity: what can you do to stay cool?
16 March 2023
Khepri launched via MBO of MJ Hudson UK unit
Will Roxburgh and Mike Booth have led the buyout of MJ Hudson’s UK regulatory and fund management business
21 February 2023
FCA eyes regulatory streamlining for UK funds
Financial watchdog launches consultation paper as it seeks to modernise current regulatory framework and the use of tech in asset management
15 February 2023
AIFMD II: Electric Boogaloo
Regulator expands the scope of delegation and adds new rules for loan-origination funds
24 January 2023
Simpson Thacher appoints financial regulatory lawyer
Stephanie Biggs joins from Travers Smith to co-lead the firm’s European financial services and funds regulatory team
9 January 2023
Regulatory roadmap 2023
ESG is set to be the biggest bump in the regulatory roadmap for 2023, along with AIFMD and AML reforms in tow
9 January 2023
RedeWire portal to tackle restrictive marketing rules
Built against a backdrop of complex marketing regulations and tough fundraising conditions, Rede’s new LP portal gathers new fund offerings in one place
9 January 2023
Capital raising punishment: Marketing madness
Compliance and legal obligations for raising a fund have been building steadily in recent years. But given the sudden tightening of the fundraising market, the myriad rules managers must navigate have made capital raising a punishingly cruel exercise.
5 January 2023
Pinsent’s Bowen joins K&L to launch Dublin office
Gayle Bowen is joined by Shane Geraghty and Michelle Lloyd as founding partners
23 November 2022
Investing in new tech is major challenge for GPs
According to a new report from Aztec, 83% of alternative investors are struggling with bringing new technologies into their firms
21 November 2022
Fast Funds
Fund managers are increasingly turning to Jersey due to the speed, flexibility and efficiencies offered by its fund structures
7 November 2022
Preferred, professional, pragmatic
Pierre Weimerskirch, regional head, Luxembourg at Apex Group, discusses the emergent opportunities facing Europe’s largest centre for domiciled funds
20 October 2022
ELTIF reform progresses
The European Council and the European Parliament have reached agreement on regulatory reforms to the unpopular fund structure
17 October 2022
Profile: Nigel Diesveld, HPE Growth
The CFO talks compliance and highlights the growing importance of a dedicated chief risk officer
19 September 2022
In conversation: Power to the LP
Highlights from a recent roundtable event examining the growing influence of investors in private equity fund management
2 September 2022
Domicile watch: August 2022
Key takeaways from the major private equity domiciles, including: JFSC’s extension of its AIF reporting deadlines, the FCA’s new rules for its AR scheme as well as AMF’s consultation on PE funds’ end of life
19 July 2022
AIFMD II: Where are we now?
The EU Council’s latest published document responds to the European Commission’s proposals, which would subsequently result in AIFMD II
5 July 2022
Key reporting deadlines for Q3 2022
Need to know dates for private equity filings in the third quarter of 2022
13 June 2022
Operational lens: Summa Equity Fund III
Summa’s latest fund was almost quadruple the size of its predecessor, despite being raised remotely. General counsel Martin Sjölund, talks us through their Swedish fund structure, the bespoke onboarding solution, tackling compliance heavy ODD and Summa’s supportive partners.
9 June 2022
Profile: Patrick Camenisch, Evoco Private Equity
The director of finance and operations discusses automating processes, fund administrator challenges, and why Evoco switched fund domicile from Jersey to Luxembourg
23 May 2022
Legal lowdown: James Oussedik, Sidley Austin
To kick off our legal insights series, James Oussedik, investment funds partner at Sidley Austin discussed his thoughts on AIFMD II and fund domiciliation challenges
3 May 2022
In the dog house
How effective are financial regulators when it comes to keeping private equity in check?
22 March 2022
Key reporting deadlines for Q2 2022
Need to know dates for private equity filings in the second quarter of 2022
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