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Fund Administration
LPAs usually contain a clause for removal of the fund manager, either 'for cause' or 'no fault.' Malcolm Nicholls and Kate Simpson, of law firm Proskauer, lay out the negotiation points and the likely effect on economics.
RAIFs and LPs registered in Luxembourg are also on the rise in anticipation of the UK's secession from the EU.
Real estate fund managers expect to increase outsourcing of fund adminstration in 2018-19, and see regulation as most likely to affect their business over the next three years.
Potential regulatory disruption is driving managers towards the fund domiciles they know.Â
As the deadline for the UK to leave the EU approaches, Ireland and Luxembourg are winning the race to be the domicile of choice for London-based managers.
The Grand Duchy is a big beneficiary of Britain's decision to leave the EU, but locals are grumbling that life is not what it used to be.
As the asset class continues to grow quickly, it is struggling to ensure that administrative aspects keep pace.
A survey of 100 firms by fund administrator Augentius found that more than 50% are less than satisfied with their cybersecurity arrangements.
Starting a general partnership has its challenges. But getting some of the essentials right in the back office are critical in helping GPs dedicate their time on fundraising, says WithumSmith+Brown’s Tom Angell.
The firm will not rush to make the corporate switch, watching closely how peers KKR and Ares fare.
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