CMS Expert Guide to private placement of funds rules and law

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 (detailed on pages 106 to 109). 

Amanda Howard, André Lebrecht and Daniel Voigt. 

Information provided as of December 2023. 


The purpose of this guide is to provide a broad overview of the key elements of the private placement of  funds  in the countries covered in this guide. The guide makes no claims as to completeness and does not constitute legal advice.

Entities marketing a fund on a private placement basis  may additionally need to comply with licence requirements and these requirements are not covered in the guide. The information contained herein is no substitute for specific legal advice. If you have any queries regarding the issues raised or other legal topics, please get in touch with your usual contact or persons mentioned in this guide. 


Download pdf version of the guide
Attachment
Private Placement Guide December 2023
05/01/2024
CMS Expert Guide to AIFM passporting
 The EU Commission promoted passporting rights as one of the key benefits for hedge, private equity, real estate and other alternative investment fund managers authorised under the Alternative Investment Fund Managers Directive (“AI­F­MD”). Ho­we­ver, we
29/12/2023
CMS Expert Guide to UCITS passporting
 The UCITS Directive was established to harmonise retail collective investment schemes in the EU through the introduction of a common investment vehicle known as a “UCITS”. One of the key benefits of the UCITS Directive is that UCITS can be establish

Autori

Foto diAmanda Howard
Amanda Howard
Partner
Foto diAndré E. Lebrecht
Dr André E. Lebrecht, LL.M.
Partner
Foto diDaniel Voigt
Dr. Daniel Voigt, MBA
Partner