Private Equity
We provide services to a large number of clients in the private equity and venture capital sectors. These include firms who operate in both the primary and secondary markets and that are authorised to advise and arrange transactions and manage and operate private equity funds.
We have extensive experience in helping firms in these sectors to determine whether their proposed activities are subject to FSA regulation, assisting firms in obtaining authorisation from the FSA, providing ongoing support, including the preparation of financial and non-financial regulatory returns and undertaking risk-based compliance monitoring. The investment vehicles involved in this sector are often unregulated collective investment schemes. We can provide specialist advice on the complex area of promoting and marketing such schemes.
There are a number of regulatory issues which are of particular relevance to this sector, and which we have helped firms to resolve, including:
- meeting the FSA's expectations in identifying, managing and monitoring potential conflicts of interest;
- determination of status under MiFID and the implications this has on capital requirements; and
- the implications that MiFID status has on the ability of private equity and venture capital firms to appoint intermediaries to distribute their funds.
We are associate members of the British Private Equity and Venture Capital Association (BVCA).