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Indications that private placement will be phased out anytime soon are likely "some way off the mark," according to a leading lawyer.
Luxembourg and Ireland are preferred jurisdictions for private equity firms seeking to do business, but managers need to take action soon ahead of Brexit or risk missing out on doing business in the EU, Laurent Vanderweyen, chief executive of fund administrator Alter Domus, tells pfm
The country has one big advantage over other jurisdictions: a fund structured as a limited partnership is tax exempt.
Amid evidence that Luxembourg is taking more private fund business due to Brexit fears, the Jersey Fund Association says UK managers 'shouldn’t panic' when choosing a new domicile.
Private debt managers are being forced to consider the consequences of what once seemed unthinkable – the UK crashing out of the EU with no trade agreement.
The UK's secession from the EU is taking place in a matter of months. But the clock is ticking for UK-based fund managers to make adjustments to their portfolios in anticipation of Brexit, writes Simon Witney.
Ireland has one advantage over rival Luxembourg for private equity firms seeking to do business in the EU: the approval process to set up a fund can be as quick as 24 hours.
UK private equity funds are under increased scrutiny from continental investors but US LPs seem to have fewer doubts.
Managers are running out of time to get their contingency plans in place.
RAIFs and LPs registered in Luxembourg are also on the rise in anticipation of the UK's secession from the EU.
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