The FCA would like a word. Several words, actually. London is still where a huge share of fund management talent and LP capital sits. FCA authorisation is not a small undertaking, but the market access it unlocks is real. We cover FCA registration for fund managers, UK AIF structures, the small registered AIFM regime, and what running a compliant operation in London actually involves.
Seventeen pension providers have pledged to put 10% of DC assets into private markets by 2030. That is roughly GBP 50 billion looking for a home. Here is how to position your fund.
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.
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.
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.
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.
The UK runs three distinct AIFM classifications, each with different costs, timelines, and obligations. Most emerging managers only need to care about two of them.
The English or Scottish LP is the default structure for UK private capital funds. It has been for over a century. Here is what emerging managers need to know before forming one.
Formation included in the published fee tiers. Price excludes feeders and VAT. Feeder terms and any discounts are separately negotiated. The fund size signed in the agreement determines the pricing tier and service eligibility. Changes require an amendment. Existing agreements keep their signed terms. These offers do not reprice an existing fund.