The EU Alternative Investment Fund Managers Directive (AIFMD) has now been in force for several months. This overview note is aimed at US managers who have not yet had to get to grips with the AIFMD but will need to raise funds in Europe in due course. You will be able to take the benefit of the practical experience King & Spalding lawyers have had to date in helping clients navigate the new AIFMD regime.
What the Directive covers -
The AIFMD requires that EEA based “alternative investment fund managers” (AIFMs) must have specific authorisation to manage and market “alternative investment funds” (AIFs), complying with strict operating and organisational requirements imposed on both the manager and (indirectly through obligations imposed on the manager) the AIFs it manages. AIFMs and AIFs based outside the EEA are prevented from marketing to investors in the EEA unless mandated requirements are satisfied.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: AIFM, AIFMD, Alternative Investment Funds, EEA, EU, Private Equity, Private Placements, Registration, Reporting Requirements, Transparency
Published In: Finance & Banking Updates, International Trade Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© King & Spalding | Attorney Advertising