Insights for emerging fund managers
Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.
ADGM service provider requirements: who you must appoint and why local nexus matters
ADGM mandates specific service provider appointments for every fund — fund administrator, custodian, and corporate service provider. New proposals tighten local nexus requirements further.
Marketing AIFs to retail investors in Austria: the Article 49 pathway
Austria is one of the few EU countries that lets you market alternative funds to retail investors. The Article 49 AIFMG process is specific, fee-heavy, and worth understanding before you commit.
The 'well-informed investor' standard: Luxembourg's EUR 125,000 gateway
Luxembourg's alternative funds are not open to everyone. The well-informed investor standard sets a EUR 125,000 minimum — but there are workarounds that every emerging manager should know.
Singapore's tax incentive framework for funds: Section 13O, 13U, 13H, and 13R explained
Singapore offers some of the most attractive fund tax incentives in Asia. The 2025 updates made them better for VC and PE managers, but the details matter.
SEIS, EIS, and VCTs: how UK tax reliefs shape venture fundraising
UK tax reliefs give your investors 30-50% income tax relief on qualifying investments. If your fund strategy aligns with them, fundraising gets materially easier.
How Cayman Islands tax neutrality actually works for fund managers
No corporate tax, no capital gains tax, no withholding tax. But tax neutrality does not mean tax-free for your investors. Here is what emerging managers need to understand.
GmbH & Co. KG: why this structure is the default for German funds
Nearly every VC and PE fund in Germany uses a GmbH & Co. KG. Here is what the structure actually involves, why it works, and what first-time managers need to get right.
NISM certification for AIF managers: what changed in June 2025 and what you need to do
SEBI now requires at least one member of your investment team to hold NISM Series-XIX-C or XIX-D certification. If you are launching an AIF, this is not optional.
Carried interest taxation in the UK: what changes in April 2026 and what it means for your fund
The UK is reclassifying carried interest from capital gains to trading income. If your fund documents are not set up for the new average holding period test, you will pay significantly more tax.
Accredited investor verification: what emerging fund managers actually need to do
Getting investor accreditation wrong can blow up your fund offering. Here is how the verification framework works and where first-time managers trip up.
PE fund administration is not VC fund administration. Most platforms pretend it is.
The tech-enabled fund admin industry treats PE as VC with bigger numbers. It is not. Waterfalls, valuations, side letters, reporting - the operational differences are structural, and most platforms paper over them.
ADGM Category 3C licensing: the fund manager licence and the sub-threshold shortcut
ADGM's Category 3C licence is the gateway for fund managers in Abu Dhabi. A proposed sub-threshold framework could cut capital requirements and approval times in half for emerging managers.