CMS Expert Guide to Private Placement of Funds

Accessing European Investors post AIFMD

When implementing the Alternative Investment Fund Managers Directive (“AIFMD”), some EU States have tightened or severely restricted their private placement regimes, which is important when non-EU managers and funds look to access EU investors.

Our Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States.

We are grateful to the numerous contributors to this guide. If you would like more information about the private placement regimes, you are welcome to get in touch with us or – with regard to particular jurisdictions – the contacts of the relevant contributor firms.

Information provided as of 1 January 2018.

Definitions of the terms used in this Expert Guide are available here.

The information contained in this Guide is for general purposes only and does not purport to constitute legal or professional advice from CMS or any other firm and as a consequence may not be relied upon.


Amanda Howard
Dr André E. Lebrecht, LL.M.
Dr. Daniel Voigt, MBA