Funds

Insurance capital is emerging as a key player in private markets, but its growing role brings new consideration for lenders.

ESMA’s new notes turn “substantiated” into a concrete evidential standard: Applies to marketing, voluntary reporting, and oral communications.

Why defensible valuations, strong governance, and a clear audit trail matter in GP-led transactions.

The message is clear: an Annex 1 FCA registration is not a substitute for due diligence. Authorized firms still need to exercise robust AML controls.

A growing litigation pipeline around semi-liquid private credit funds is anticipated as liquidity, valuation, and governance mechanisms face pressure.

A carve-out from fund regulations could turn London’s vaulted bullion into real-time digital collateral – if firms can solve the property rights puzzle.

The Swedish FSA had multiple concerns about the company’s operations.

The overlap of levered feeder funds requires careful management of security, capital calls, and cash control, especially when a feeder’s commitment backs the master fund’s borrowing base.