Articles by
Michael Ströck
CEO & Co-Founder
Former software engineer turned fund operator. Built Infra One after experiencing firsthand how broken fund ops are for emerging managers.
EuVECA registration in Austria: a faster route to pan-European VC fundraising
Austrian VC managers can register under the EuVECA framework for simplified cross-border marketing across the EU. The 2018 amendments made it more practical. Here is how it works and where it falls short.
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.
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.
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.
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.
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.
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.
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.
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.
The Variable Capital Company: Singapore's purpose-built fund vehicle
The VCC is now the default structure for new fund launches in Singapore. Here is what it does, what it costs, and why it beats the alternatives for most emerging managers.
AI for fund managers — a practical starting point
Where AI actually helps a small fund team today, where it is getting useful, and where it is mostly hype. A practical guide from someone building it.
DORA - do you need to care about digital operational resilience?
DORA sounds like a regulation for banks. But it affects your fund administrator, and that means it affects you. Here is what matters.
Why European VC still lags the US (and why that's an opportunity)
The transatlantic VC gap is real but closing. For European managers who move fast and operate professionally, the structural inefficiencies create outsized opportunity.
Launching a fund in Europe without drowning in regulation
Europe offers lighter regulatory paths for emerging managers. Here is how sub-threshold AIFM, EuVECA, and other frameworks can get you to market faster.
Private markets are booming — what it means for emerging managers
Companies are staying private longer, LP interest is growing, and the operational bar is rising. Here is how to position yourself in this market.
Technology in fund operations — what's actually essential
Not all fund tech matters equally. Here is what actually moves the needle for emerging managers — and what is noise.