New Year’s resolutions for fund managers

Finally! The bad smell of 2021 fades away and the fragrant aroma of a new year, anointed with opportunity, teases our nostrils. It smells like roast beef and daffodils. Welcome, 2022, welcome. At this time of year, it can be customary to enter into a personal contract of sorts and set down a number of…

A Christmas Caroline

As is the tradition for this time of year, at Christmas, our resident poet, Daniel Daines, has written and performed a festive poem. Watch the Christmas Carol-themed video below: This short Christmas tale describes Steve’s lack of progress with pursuing a relationship with Caroline, with his biggest hinderance boiling done to one thing. Communication. It…

Trying to sound smart is stupid

It is said that smarter people tend to make smarter decisions. For fund managers, those decisions involve investors’ money, so investors shouldn’t be surprised when fund managers try to demonstrate how smart they are. But managers must take care how they do this. The problem is that frequently, when fund managers try to display their…

When investors default – part 1: commitments and consequences

In this article, the first of two (click here to see read follow up), we look at what happens when an investor in a private equity fund defaults on its obligation to meet drawdown requests; the effects of a default on the fund manager and the other investors; and the tools available to the manager…

The importance of brand guidelines for fund managers

Marketing a fund is hardly nursery slope stuff. It’s a black-diamond run. As your firm grows, two things are guaranteed: The amount of content you need to produce will swell (website, pitchbooks, presentations, PPMs, email communications, drawdown notices, quarterly and annual reports…) The production of this content will become increasingly abstracted from the senior management…

It’s not easy being green: SFDR and communicating your ESG credentials

It’s not easy being green, opines Kermit the Frog as he wanders slowly through a claustrophobic garden of lush leaves and bright flowers – and he doesn’t even have to contend with the new Sustainable Finance Disclosure Regulation (“SFDR”). The bad news for you (at least if you ever plan to raise capital from European…

Crisis…which one?

Well, it’s hard to tell these days. There are many nominees for the most overused word of the pandemic, but “crisis” must be up there. Today’s crisis du jour is the one facing equity markets. No, no, not the one caused by hedge funds, this time: the one caused by seemingly ordinary people. Ordinary people…

Marketing a non-EEA domiciled fund to professional investors

Most of our readers will be aware that, from 1 January 2021, non-EEA domiciled fund structures do not benefit from any EU Marketing Passport under the Alternative Investment Fund Managers Directive (“AIFMD”). How are firms responding to this? We are seeing a jurisdiction-by-jurisdiction approach being adopted by most of our clients, who are looking to…

What LPs do in the shadows

In the good old days of private markets fundraising, investors (LPs), competing for allocations, would flock to the relatively small number of fund managers, their access to information on the fund and manager tightly controlled by said manager. And all was well with the world. While some managers still engender this kind of feeding frenzy…

Larry’s White Christmas

In light of the big day this week, our resident poet, Daniel Daines, has written and narrated a very special Christmas poem. So, come on elves, get your lazy selves off the shelves, and watch below: “The people are demanding things beyond his understanding” That really says it all. Much like Santa Claus in our…

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