Insights for emerging fund managers

Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.

Fund structuringADGM

ADGM fund classification: Exempt vs. Qualified Investor Funds and what the minimums mean for your raise

Choosing between an Exempt Fund and a Qualified Investor Fund in ADGM is not a technicality. The minimum subscription threshold — $50,000 or $500,000 — shapes your investor base, your fundraise, and your admin costs.

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RegulatoryAustria

AIFMD II in Austria: what the loan origination rules and liquidity tools mean for your fund

Austria's AIFMD II implementation lands in April 2026 with new concentration limits, leverage caps for loan-originating funds, and mandatory liquidity management tools for all open-ended AIFs. Here is what emerging managers need to know.

Lisa Fichtinger
Lisa FichtingerManaging Director (AIFM), Fund Administration AT/DE
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RegulatoryAustria

AIFMD licensing vs. registration in Austria: which path fits your fund

Austria's AIFMG gives emerging managers a choice between full licensing and simplified registration. The thresholds, obligations, and costs are different enough that the decision shapes your entire fund launch.

Michael Ströck
Michael StröckCEO & Co-Founder
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Fund structuringCayman

Closed-ended vs open-ended funds in the Cayman Islands: which structure fits your strategy

The Cayman Islands has two distinct regulatory regimes for funds. Picking the wrong one will cost you months and money. Here is how to decide.

Michael Ströck
Michael StröckCEO & Co-Founder
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Fund structuringCayman

Why the exempted limited partnership dominates Cayman fund formation

Around 90% of Cayman alternative investment funds use the ELP structure. Here is what makes it the default for emerging managers and what you need to know before forming one.

Piotr Luberda
Piotr LuberdaHead of Legal Ops
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TaxGermany

German partnership tax returns: the filing obligation that catches fund managers off guard

If your fund has two or more German investors, you are required to file an annual partnership tax return in Germany. Most managers find out too late.

Lisa Fichtinger
Lisa FichtingerManaging Director (AIFM), Fund Administration AT/DE
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RegulatoryGermany

Sub-threshold AIFM registration in Germany: what emerging managers actually need to know

Germany lets fund managers operate under a light-touch registration if they stay below the AUM thresholds. Here is how it works, what it costs, and where it breaks down.

Michael Ströck
Michael StröckCEO & Co-Founder
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Fund structuringIndia

AIF category selection in India: the decision that shapes everything else

Category I, II, or III — the AIF category you pick determines your tax treatment, investment restrictions, investor base, and regulatory burden. Get it wrong and you cannot easily switch.

Aswin Nair
Aswin NairFounding Partner (Allocator One Bharat)
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RegulatoryIndia

SEBI AIF registration: what the process actually looks like from the inside

SEBI registration takes 60-90 days if your application is complete. Most first-time managers add months by underestimating the PPM requirements and merchant banker coordination.

Arushi Sharma
Arushi SharmaPartner (Allocator One Bharat)
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RegulatoryLuxembourg

AIFM registration vs. authorisation in Luxembourg: understanding the EUR 100/500 million thresholds

Every Luxembourg fund manager must choose between registering as a sub-threshold AIFM or seeking full authorisation. The thresholds are simple, but the consequences of getting it wrong are not.

Piotr Luberda
Piotr LuberdaHead of Legal Ops
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Fund structuringLuxembourg

RAIF vs. regulated fund structures: choosing the right speed to market in Luxembourg

Luxembourg gives you three ways to structure an alternative fund. Only one of them lets you skip CSSF approval entirely — and that changes everything for a first-time manager.

Piotr Luberda
Piotr LuberdaHead of Legal Ops
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RegulatorySingapore

Fund manager licensing in Singapore: choosing between VCFM, A/I LFMC, and RFMC

MAS offers three licensing tiers for fund managers. Picking the wrong one costs you time, money, and flexibility. Here is how each actually works.

Céline Chi Hae Wong
Céline Chi Hae WongFounding Partner & CEO Asia
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