United Kingdom: Fund Management/ REITs

Proskauer advises Alder on the formation and closing of a multi-asset continuation fund exceeding SEK 2.7 billion, which acquired two sustainable technology portfolio companies from Alder's second fund. The transaction brought together new and existing investors led by Pantheon Ventures, creating one of the select Article 9 continuation funds while providing long-term ownership structure for the acquired companies.

The loan origination regime under AIFMD II is due to come into force on 16 April 2026 (subject to national implementation).

The way in which the UK Financial Conduct Authority (FCA) communicates its supervisory expectations to firms has recently changed. Back in April 2025, the regulator announced that it would stop publishing...

EMIR has 3 main entity fields in relation to reportability.

In previous editions we have discussed how active fund managers can seek to justify higher fees by engaging in some public shareholder activism, visibly demonstrating their active management of portfolios.

Growth and De (or Re)-regulation? This theme runs through all areas of UK financial services regulation; the tension between the need for a robust regulatory framework that adequately protects consumers and cutting red tape to support growth and innovation may continue.

The Financial Conduct Authority (FCA) published a consultation paper¹ on 14 October 2025 setting out proposals and guidance to support the adoption of tokenization and tokenized funds...

The development of the European Commission's proposals to update the EU Sustainable Finance Disclosure Regulation (SFDR) may turn out to be one of the worst-kept secrets of recent years.

On 14 October, the UK Financial Conduct Authority ("FCA") issued a consultation paper setting out proposed new rules and guidance for fund tokenisation and direct-to-fund dealing ("D2F").