Ipes, a fund administrator for alternative asset classes, has formed a partnership with Standish from the US that will help American private equity managers access the new regulatory environment forEuropean alternative funds.
Ipes, which is based in Guernsey but has offices in Jersey, London and Luxembourg, and Standish, which is based in San Francisco, will share their specialised private equity experience and contacts in their respective markets.
Both firms provide fund services to managers of private equity, venture capital, real estate and fund of funds
They say their clients will benefit from “enhanced cross-jurisdictional capabilities and access to a transatlantic network”.
The alliance gives US-based fund managers access to experts in European fund structures and new European regulatory requirements, including the Alternative Investment Fund Managers Directive (AIFMD) depositary requirements.
European managers will gain access to experts in US structures and tax complexities, which is important at present because managers are required to comply with the Foreign Account Tax Compliance Act (Fatca) and other tax exchange agreements.
Justin Partington, Ipes commercial director, says: “Now is a particularly good time to establish this partnership as both European and US fund managers cope with AIFMD and Fatca.”
Ipes has more than 100 clients and Standish has over90.
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