Activa Capital has obtained the alternative investment fund manager passport from the French regulator, the AutoritÃ© des MarchÃ©s Financiers.
The Alternative Investment Fund Managers Directive (AIFMD) came into force in July last year but alternative managers will have until July this year to apply for a licence that will enable them to passport their funds.
In November last year, the Paris Fund Industry said it had awarded more AIFMD licences than any other European fund centre, and it signaled its ambition to compete with other jurisdictions.
A French mid-market private equity manager, Activa Capital holds over €600 million in private equity funds on behalf of institutional investors.
Charles Diehl, partner of Activa Capital, says the passport is a “milestone” in his aim to be at the forefront of best practice private equity fund management in Europe.
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