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.
Austrian tax treatment of PE funds and carried interest: what GPs need to know
Austria taxes carried interest at 27.5% as capital income — if you structure it correctly. Get the carry vehicle wrong and you are looking at progressive rates up to 55%. Here is how the rules work.
Luxembourg's new carried interest regime: attracting investment talent
Luxembourg adopted a modernised carried interest tax framework in January 2026. For emerging managers building teams in the Grand Duchy, the numbers finally make sense.
Delaware tax treatment for foreign LPs: what fund managers need to get right
Foreign investors in US venture funds face a multi-part tax regime. Getting the withholding and structuring wrong costs your LPs real money.
Tax treatment across India's AIF categories: what your investors will ask
Category I and II get pass-through taxation. Category III does not. That single difference drives investor decisions and should drive your fund structuring.
UAE corporate tax and ADGM funds: how to maintain 0% through Qualifying Free Zone Person status
The UAE's 9% corporate tax does not have to apply to your ADGM fund. Qualifying Free Zone Person status preserves 0% — but the conditions are strict and the compliance is ongoing.
Carried interest in German funds: how GP compensation actually works in a GmbH & Co. KG
Germany taxes carried interest at an effective rate of about 28.5% — if you get the structure right. Most first-time managers do not. Here is what the qualified carry regime requires and where it breaks down.
German withholding tax on fund distributions: what foreign LPs need to know
If your German fund has international investors, withholding tax on distributions is not optional. The base rate is 26.375%, treaty relief can bring it down significantly, but only if you apply for it correctly and on time.
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.
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.
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.
Singapore's tax incentive framework for funds: Section 13O, 13U, 13H, and 13R explained
Singapore offers some of the most attractive fund tax incentives in Asia. The 2025 updates made them better for VC and PE managers, but the details matter.
SEIS, EIS, and VCTs: how UK tax reliefs shape venture fundraising
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.
