The Legal 500 Webinar | The private equity regulatory landscape in a “post-Asset Management Regime” world

Diana Ribeiro Duarte and Pedro Capitão Barbosa (lawyers at Morais Leitão) joined Chris Gansen (General Counsel at Redalpine) to discuss, in this webinar, the main new features of the Asset Management Regime for private equity funds, and how they can bring opportunities and risks for incumbents and new players alike. 

The new Asset Management Regime in Portugal, which recently entered into force, will have an impact on how private equity fund managers are organized, how they operate, and how they interface with the Portuguese Securities Market Commission.

Among other novelties, alternative investment funds and fund managers below the AIFMD thresholds now have simplified authorization processes (some funds can now do without an approval procedure completely), which can be a driving force for change in the way alternative investment platforms are set up in Portugal and bring it up to speed with international best practice. This follows the trend in other European jurisdictions for more self-regulation and swifter authorization procedures regarding AIFs addressed to professional and other sophisticated investors.

Another important feature of the new legislation is the introduction of the concept of pre-marketing activities, which will facilitate cross-border marketing of EU AIFs in Portugal.

Watch the webinar here.