First published by Global Legal Group, January 2021.
The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (NAV) facility
closings.
Overview
While certain banks have continued to increase their book of
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Blank Rome’s annual estate and tax planning newsletter discusses certain concepts and techniques that should be considered in 2021 by our clients and friends in California. We first discuss perhaps the most important recent development, which was the outcome of the 2020 “Blue Wave” Election that gives the Democratic Party control of the presidency and Congress. In view of the massive federal bailouts that have occurred and are likely to occur this year, it seems logical to assume that significant changes (increases) to the tax burden on many individuals will be enacted. President Biden has proposed a series of sweeping tax changes as outlined below.
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The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (
NAV)
facility closings.
Overview
While certain banks have continued to increase their book of
To print this article, all you need is to be registered or login on Mondaq.com.
In this issue we consider a number of recent Central Bank
updates including some of its post-Brexit requirements for UK
Investment Managers and UK AIFMs, its recent consultations on
performance fees and on changes to the AIF rulebook in relation to
permissible features of closed-ended AIFs, and some clarifications
for unit trust funds in respect of their central register filings.
We also note the passing of the Investment Limited Partnerships
(Amendment) Bill and consider the implications for investment funds
following the Central Bank s thematic inspections on Fitness
“Game-changing” bill set to accelerate Irish fund industry growth Dec 17, 2020 By Funds Europe
New Irish funds legislation has been hailed as “game-changing” in its scope to accelerate industry growth and potentially create thousands of jobs by 2025.
The financial services bill – which has been in the works for over five years – is intended to facilitate the ‘green recovery’, as well as open the door for new global private fund market entrants to set up base in Ireland.
Investment industry trade body Irish Funds said businesses will have the potential to expand private equity, infrastructure, renewables, and real estate offerings with “a positive knock-on effect” expected for local employment. The bill is expected to create 3,000 jobs by 2025.