CMS Expert Guide to private placement of funds rules and law

Ac­cess­ing European Investors post AIFMD

Information provided as of December 2022.

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 (detailed on each country page).

Please also see the summary table of all the countries covered and definitions page.

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.

Download pdf version of the guide
Private Placement Guide Dec 2022
PDF 1.5 MB


Portrait ofAmanda Howard
Amanda Howard
Portrait ofAndré E. Lebrecht
Dr André E. Lebrecht, LL.M.
Portrait ofDaniel Voigt
Dr. Daniel Voigt, MBA