Europe | Private Equity Wire

Malta in a post-Brexit world

Tue, 26/06/2018 - 09:59

With Brexit due to be finalised in the next nine months, picking the right EU jurisdiction has become a key strategic consideration, both for established hedge fund managers and start-up managers, who need a “Plan B” to ensure continued use of passporting rights to distribute their funds to EU investors. »

Fund governance changes loom large

Wed, 09/05/2018 - 13:07

By Keith Parker, Link Asset Services – The Irish funds industry had another bumper year with total assets for 2017 growing by EUR298 billion – a 16 per cent year-on-year increase – to a record high of EUR2.4 trillion1, a substantial figure and testament to the attractiveness of Ireland as a global funds domicile. Of this total just over 76 per cent represents UCITS funds’ assets, the balance representing alternative assets. More than 900 fund managers from 50-plus countries have assets serviced in Ireland.2 »

Changing times in Irish funds

Wed, 09/05/2018 - 13:00

By Mark Crossan, Bridge Consulting – Irish Funds are on the move again. Every couple of years there is a new product evolution. In 2015 we had the introduction of the ICAV (Irish Collective Asset Management Vehicle) and 2018 is shaping up to be no different. Not only could this year be the year that Ireland gets its eagerly awaited revamped Investment Limited Partnership (ILP) structure, but it looks like other changes are afoot as well. »

New loan origination QIAIF regime - finally a viable option?

Wed, 09/05/2018 - 12:44

By Gayle Bowen & Aongus McCarthy, Pinsent Masons – Under new rules implemented by the Central Bank of Ireland (“Central Bank”) last month, Irish Loan Originating Qualifying Investor AIFS (“L-QIAIFs”) are now permitted to adopt broader credit focussed strategies. Previously L-QIAIFs were prohibited from engaging in any activities other than lending and ancillary related operations. This restriction was generally viewed by industry as the main obstacle to their growth in the Irish market. »

Updated Irish structure set to attract new wave of PE managers

Wed, 09/05/2018 - 12:24

Ireland’s investment funds industry shows no sign of slowing with total AUM reaching EUR2.4 trillion by end of 2017. That’s a 16 per cent growth year-on-year and represents a new high watermark for the jurisdiction, as alternative fund managers continue to set up UCITS and QIAIFs. »

EC proposals for UCITS and AIFM amendments don’t go far enough

Fri, 16/03/2018 - 10:54

ALFI comments on the EC proposal amending UCITS and AIFM Directives… »

New private equity rules risk future funding for European companies, warns Invest Europe

Mon, 12/03/2018 - 11:04

Changes to regulation, proposed today by the European Commission, could limit future funding prospects for one-in-four companies seeking private equity investment, says Invest Europe. »

The EU's GDPR – What does it mean for US-based firms?

Tue, 09/01/2018 - 17:36

By Olivia Munro – As the deadline to the GDPR steadily approaches, it is important to start preparing for the regulation if you haven’t already. In case you aren’t aware, the EU took a major step to protect their citizens’ personal data and privacy rights by instating the EU Greater Data Protection Regulation (GDPR), which is scheduled to go into effect on 25 May, 2018. However, just because the GDPR is an EU regulation, it doesn't mean that US based firms are exempt. »

The Reserved Alternative Investment Funds Act one year on

Thu, 16/11/2017 - 14:52

By Arne Bolch, GSK – On 1 August 2016, the Luxembourg Act on reserved alternative investment funds (RAIF), entered into force. It allowed for the setting up of RAIFs, with their defining feature of indirect supervision by their AIFM rather than direct supervision by the CSSF. »

Luxembourg’s limited partnership regime covers all options

Thu, 16/11/2017 - 14:42

In 2013, at the time the AIFM Directive was introduced, Luxembourg's lawmakers took the opportunity to revamp the two existing limited partnerships with legal personality – the partnership limited by shares (SCA or société en commandite par action) and the common limited partnership (SCS or société en commandite simple). »