Ipes and Standish have formed a partnership that will help American private equity managers access the new regulatory environment for alternative funds in Europe.
Ipes, a fund administrator for alternative asset classes, is based in Guernsey but has offices in Luxembourg, London and Jersey, and has over 100 clients. Standish, is based in San Francisco, and has over 90 clients.
Both firms provide fund services to managers of real estate, private equity, venture capital and fund of funds, and intend to share their private equity experience and contacts in their retrospective markets. The intention is that their clients will benefit from shared capabilities and enhanced network.
The alliance gives US fund managers access to experts in new regulatory requirements in Europe, including the Alternative Investment Fund Managers Directive (AIFMD) depositary requirements. Managers in Europe will gain access to experts on US Structures and tax complexities, which comes at a good time as managers are now required to comply with the Foreign Account Tax Compliance Act (FACTA) and other tax exchange agreements.
Source: Funds Europe 19/03/2014