Insights for emerging fund managers
Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.
Launching an AIF in India: what the process looks like from SEBI registration to first drawdown
India's AIF framework under SEBI has specific requirements around categories, trust structures, and merchant banker due diligence. Here is what the end-to-end launch looks like.
Launching a RAIF in Luxembourg: timeline, costs, and what we handle
The Reserved Alternative Investment Fund has become the default Luxembourg vehicle for emerging managers. Here is what the launch process looks like end to end — from AIFM appointment to first close — and how the work is divided between the manager and the fund services team.
Tax election strategy: SICAR-like vs. SIF-like RAIFs and the subscription tax
Luxembourg RAIFs let you choose your tax regime at formation. Pick wrong and you either overpay or lock yourself into a structure that does not fit your strategy.
Fund manager registration in Poland: the ASI structure and what the KNF process looks like
Poland's ASI vehicle and simplified ZASI registration give emerging managers a fast, low-cost path to launching a fund. Here is how the system works and what to watch out for.
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.