Overview

On 11 November 2010 Europe 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 AIFMs based outside Europe (in ‘third countries’).

However this briefing from UK law firm Nabarro gives an overview of the key issues in relation to the AIFM Directive, in particular its impact on third country private equity AIFMs.