Insights for emerging fund managers
Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.
Section 13O vs 13U in Singapore: picking the right tax exemption for your fund
Both schemes exempt fund income from Singapore's 17% corporate tax. But they target different fund sizes, impose different substance requirements, and the January 2025 changes make the choice harder to get right.
Setting up a family office fund structure in Singapore: what you actually need
Singapore has over 1,400 single-family offices now. The tax incentives are real, but so are the substance requirements, staffing mandates, and ongoing compliance. Here is how the structure actually works.
Investor classification and marketing compliance in Singapore: what fund managers need to know
Singapore's investor classification system determines who you can raise from and how you can market your fund. Get the details wrong and you trigger prospectus registration.
Launching a VC fund in the UK: the full process from FCA registration to first close
What the end-to-end fund launch process actually looks like in the UK — from picking a regulatory pathway and forming your LP, through FCA registration, investor onboarding, and first close. Here is what we handle and what you need to do yourself.
Long-Term Asset Funds: the UK's new structure for private market access
The LTAF is the UK's answer to getting pension and retail capital into private markets. For emerging managers, it opens doors that limited partnerships cannot.
Carried interest taxation under Section 1061: what fund managers need to plan for
The three-year holding period for carried interest catches many first-time managers off guard. Here is how Section 1061 works, where the structuring traps are, and what to get right before your first close.
ERISA plan assets: when accepting pension money changes everything about your fund
Taking capital from US pension plans and IRAs can trigger ERISA's fiduciary rules across your entire fund. Here is how the 25% test works, what the VCOC exception requires, and how to structure around the exposure.
Form PF after the 2024 overhaul: what private fund advisers actually need to file
The SEC rewrote Form PF in 2024 and extended the compliance deadline to October 2026. Here is who has to file, what changed, and how to avoid the enforcement actions that hit seven advisers last year.
CIMA registration and ongoing compliance: what Cayman fund managers actually deal with
Registering a Cayman fund with CIMA is fast. Staying compliant year after year is the part that catches managers off guard. Here is the full picture.
Semi-professional investors in Germany: the middle category that changes your fundraise
Germany has a unique investor class between retail and professional. If you understand the EUR 200,000 semi-professional threshold, your addressable LP pool gets much larger.
India's accredited investor framework: how it changes your fundraising math
Accredited investors can commit as little as INR 25 lakhs to your AIF instead of the standard INR 1 crore minimum. That difference reshapes who you can raise from and how.
Your LPA is your fund's operating system: getting private fund documentation right
The Limited Partnership Agreement is not a formality. It governs every dollar that flows through your fund for 10+ years. Here is what to get right the first time.