Brexit

UK private equity firms in fundraising mode should expect investors to quiz them on the potential impact of Brexit on their structure, investment strategy, and returns, and prepare accordingly, lawyers say.

The Southern European powerhouse is bringing its teams together closer to its LPs and advisors.

The Scottish corporate law firm said the deal disruption wrought by Brexit had had an impact on profits, but that transactions are getting ‘back on track’.

If the UK loses its EU passporting rights, EU investors could miss out on UK funds.

The UK regulator has published its second consultation paper on the implementation of the Markets in Financial Instruments Directive II.

Brexit has added a ‘layer of uncertainty’ to what was an otherwise encouraging economic picture, according to Jeremy Coller.

There’s positive news for European LPs wanting to invest in US and Asian funds under AIFMD passports, but investors shouldn’t get their pens ready just yet.

European regulator ESMA said there are no significant obstacles to the application of the AIFMD passport to Canada, Guernsey, Japan, Jersey, and Switzerland, but has reservations regarding Australia and the US.

As the UK risks losing its EU marketing passport, fund managers may consider other jurisdictions, such as Luxembourg and Ireland, to domicile new funds.

Here are the key issues the UK private equity industry would like new UK Chancellor Philip Hammond to tackle.