HarbourVest granted AIFM authorisation
HarbourVest Partners (Europe) Limited has been authorised by the UK’s Financial Conduct Authority (FCA) as an alternative investment fund manager (AIFM).
The Alternative Investment Fund Manager Directive (AIFMD) entered into force on 22 July 2013 and covers the management, administration and marketing of alternative investment funds within the European Economic Area.
The regulations impose conduct and prudential requirements on the investment managers of such funds.
George Anson, managing director at HarbourVest, says: “We are proud to be one of the first global private equity firms to obtain AIFM authorisation. HarbourVest has a long-standing commitment to Europe, as we opened our first European office in 1990. We look forward to helping our European clients continue to build global market portfolios and access the best investments from around the world.”
Olav König, managing director and head of sales and client service for Europe, the Middle East, and Africa at HarbourVest, says: “HarbourVest is in the market with funds that are AIFMD-compliant, and our future fundraisings for EEA investors will be AIFMD-compliant. These changes are in line with our culture of strong governance, and we are pleased to be at the forefront of conforming with the new regulations.”
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