Alternative investment funds (AIFs)

Alternative investment funds (AIFs) guidance:

UK preparations for Brexit This Brexit Undertakings for Collective Investment in Transferable Securities 2009/65/EC (UCITS) quick guide details current UK legislation,...

Practice Note

A Accelerated depreciation Accelerated depreciation is the set of HM Revenue & Customs rules that allow businesses to deduct from their taxable income the declining value...

Practice Note

What is a private equity fund? A private equity fund (PE fund) is a collective investment vehicle that invests primarily in unlisted companies (or companies which are to...

Practice Note

A private equity fund is a pooled investment vehicle. Funds are formed and managed by private equity firms who in turn invest the capital of those funds into private...

Practice Note

Sales, transition services and onboarding A prime broker will have its own internal sales and account management team who are employed to help identify and bring new...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

The seed enterprise investment scheme (SEIS), like the enterprise investment scheme (EIS), is designed to encourage investment in smaller, higher-risk companies by...

Practice Note

When considering the fund management structure for a hedge fund, the structure of the hedge fund itself, and in particular the jurisdiction in which the fund vehicle is...

Practice Note

This Practice Note looks at the typical legal structure of a hedge fund vehicle. For what hedge funds are, and the particular characteristics that all hedge funds share,...

Practice Note

An investment trust is a listed pooled investment vehicle in the form of a UK tax resident company (despite the name, it is not a trust). Investment trusts enjoy...

Practice Note

An ‘investment trust’ is a publicly listed pooled investment vehicle in the form of a UK tax resident public limited company (despite the name, it is not a trust). Where...

Practice Note

This Practice Note provides an introduction to the structure of a typical onshore private equity fund. In particular, it explains: • what a private equity fund is • who...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance...

Practice Note

A limited liability partnership (LLP) is not a partnership but a body corporate that is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000), which came...

Practice Note

Sources of limited partnership law The main body of law governing a limited partnership formed under English law (as opposed to a general partnership, a limited liability...

Practice Note

This Practice Note provides information about the private equity market in the UK, including how managers of private equity funds are regulated, the typical legal form of...

Practice Note

Background The origins of the UK Stewardship Code lie in Sir David Walker’s final review of corporate governance in UK banks and other financial institutions, along with...

Practice Note

Produced in partnership with Martin Shah of Simmons & Simmons LLP; material originally written by Charles Goddard of Rosetta Tax LLP The regime for UK real estate...

Practice Note

Produced in partnership with Martin Shah of Simmons & Simmons LLP; material originally written by Charles Goddard of Rosetta Tax LLP This Practice Note examines the tax...

Practice Note

The regime for real estate investment trusts (REITs or, as they are officially referred to, UK REITs) requires a number of conditions to be satisfied (with relaxation in...

Practice Note

Venture capital is a type of private equity investment provided to early stage, start-up businesses with little or no operating history. Background to venture capital...

Practice Note