Overview

Europe this month reached agreement on the Alternative Investment Fund Managers (AIFM) Directive - a messy compromise over the marketing of ‘third country funds’, a crackdown on pay and a heavy compliance burden for fund managers.

The AIFM Directive affects the worldwide activities of EU-based alternative investment fund managers (as well as activities in the EU of ‘third party’ AIFMs based outside Europe, which are discussed in a separate third AIFM party briefing).

This briefing from UK law firm Nabarro gives an overview of the key issues in relation to the AIFM Directive from the perspective of private equity houses within the EU.