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Fund Administration
Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor safeguards.
Guernsey’s Green Fund Rules offer a framework to combine financial return with environmental benefit, writes Dominic Wheatley, chief executive of Guernsey Finance.
GPs should be actively preparing for a new accounting standard that will change the way revenue is recognized for their portfolio companies, BDO’s Dale Thompson tells pfm.
Fund managers are not taking advantage of modern intelligence tools that would allow them to do more thorough underwriting, claims Matthias Kirchgaessner, an external advisor at Plexus Investments, at the Germany Forum hosted by sister title Private Debt Investor.
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.
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.
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.