Insights for emerging fund managers
Practical guides and analysis on fund structuring, regulatory frameworks, and operational best practices.
The fund administrator problem: why only 20% of managers would recommend theirs
An EY survey found that only one in five asset managers would recommend their fund administrator. Here is what goes wrong, what the red flags look like, and how to avoid the same mistakes.
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.
The SPV-to-fund playbook: what the data says about building a track record
SPV formation is up 116% in five years. But not all SPV track records are created equal — here is what LPs actually evaluate and where most emerging managers go wrong.
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.
