Fundraising in Europe
Partnering with an administrator
A professional fund administrator can take care of the day-to-day operating, compliance, and reporting requirements, enabling fund managers to focus on their investments.
In previous chapters, we’ve explored the various challenges U.S. fund managers face when launching a fund in Europe and the different pathways available to do so effectively, depending on their objectives.
For many, navigating the complexities may appear challenging and time-consuming. This is where a specialist fund administrator becomes invaluable. A fund administrator, with a proven track record in Europe, can guide managers efficiently through the process, handling the heavy lifting and taking on the critical tasks necessary to ensure compliance with European regulations, smooth operations, and effective fund management on an ongoing basis.
Technology
Technology plays a crucial role in streamlining operations, improving the quality of administration and reporting outputs, and ensuring data security. Fund administrators utilize advanced technology throughout the fund lifecycle, from the onboarding process for investors to timely, accurate reporting and secure investor communications. While fund administrators use technology to achieve operational excellence, it also eliminates the need for fund managers to invest heavily in technology themselves. Additionally, fund managers benefit from the expertise of the fund administrators' in-house systems specialists.
Expertise
Raising capital in Europe involves understanding and complying with various regulatory frameworks, including AIFMD, NPPR, and tax laws unique to each jurisdiction. A fund administrator armed with a deep understanding of the operating and regulatory landscape across Europe will ensure U.S. fund managers meet all legal obligations required to operate in European markets and can also advise on fund structures, investor preferences, and marketing strategies that resonate with European investors.
A good administrator can help fund managers sidestep the learning curve and operate confidently in a foreign market.
Insight
One of the most significant benefits of working with a premium fund administrator is their ability to share insights and best practices gathered from working with multiple fund managers across the leading alternatives jurisdictions. For U.S. fund managers looking to enter the European market, where regulations and investor expectations differ greatly from those in the U.S., partnering with a fund administrator with a proven track record in Europe is ideal.
Efficiencies
Setting up and managing the daily operations of an alternative investment fund in Europe can be costly, especially when considering the need for in-house teams to handle regulatory compliance, accounting, reporting, and investor relations. Fund administrators offer a cost-effective alternative by providing these services under one umbrella using the latest technologies and the best people in the business, eliminating the need to build out internal capabilities and invest in a robust technology stack.
Collaborating with a prominent European fund administrator offers access to specialized local knowledge and operational support, while also reducing the investment required by a U.S. fund manager to establish and sustain a presence in the region.
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