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ESMA advice positive on Guernsey AIFMD passport extension

A recommendation by the European Securities and Markets Authority (ESMA) to grant Guernsey a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD) has been welcomed by Guernsey’s funds sector. In announcing its findings from the ‘Call for Evidence – AIFMD passport and third country AIFMs’ consultation ESMA

EY signs up to FinTech trade body Innovate Finance

EY has signed a membership deal with Innovate Finance, the global FinTech association based in the UK, as part of its commitment to build its FinTech practice and champion the UK as the world’s global hub for FinTech innovation.  Innovate Finance already has a community of over 120 FinTech companies,

Behalf secures USD119m in funding from new and existing investors

Behalf, the payments platform targeted at small and mid-sized businesses, has secured a Series B equity round and credit facility totalling USD119 million.  MissionOG, an early to growth stage venture capital firm chaired by Gene Lockhart, the former CEO of MasterCard, led the equity round. Lockhart is joining the board

Passports

ESMA advises on extension of AIFMD passport to non-EU jurisdictions

The European Securities and Markets Authority (ESMA) has published its Advice in relation to the application of the AIFMD (Alternative Investment Fund Managers Directive) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) and its Opinion on the functioning of the passport for EU AIFMs and

Jersey Philip Ozouf

ESMA recommends granting Jersey funds and managers an AIFMD passport

The European Securities and Markets Authority (ESMA) has made a recommendation to the European Parliament, Council and Commission, that Jersey should be amongst those ‘third countries’ granted an AIFMD passport.   This recommendation follows ESMA last year issuing a ‘Call to Evidence’ for them to consider whether to extend the

DLA Piper advises on debt restructuring of Maxeda DIY Group

DLA Piper has advised a syndicate of mezzanine lenders made up of credit affiliates of Ardian GoldenTree Asset Management, KKR Creditor Advisors (US), Babson Capital Management, Alpinvest Partners, Idinvest Partners and Ares Management on their debt for equity restructuring, which has resulted in the group of mezzanine lenders writing off

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Kensington Venture Fund completes third closing growing to USD237 million

Kensington Capital Partners’ Kensington Venture Fund has increased total investor commitments to the fund to CAD237 million. The Fund's third closing includes new commitments from institutional, family office and individual investors. "We are pleased to see the increased investor attention to the Kensington Venture Fund," says Kensington Managing Director Rick

Legg Mason acquires RARE Infrastructure Limited

Legg Mason is to acquire a majority equity interest in RARE Infrastructure (RARE) a specialist in global listed infrastructure investing headquartered in Sydney, Australia.  The firm, with offices in Sydney, Melbourne, London and Chicago, specialises in global listed infrastructure investments, managing USD7.6 billion for institutional and retail clients. The acquisition

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12 November, 2026 – 5:00 pm

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