Insights / 09 November 2020

Navigating Funds Post-Brexit

Daniela Klasén-Martin

In a recent article for Real Deals, Daniela Klasén-Martin, Luxembourg Managing Director and Group Head of Management Company Services at Crestbridge, discussed how Super ManCos offer a workaround for UK managers who are about to be cut off from Europe. 

She explained: “With a trade deal looking increasingly unlikely, private equity managers without a European presence already are enlisting the help of third party super-management companies, a cost-efficient alternative to setting up your own European office.” 

She went on to discuss the popularity and the utility of third party Super ManCos, which serve as a means of access to the EU market for UK fund managers, stating that, "They also allow managers to be agile, implement rapidly and they are much less costly than a manager establishing their own presence within Europe or running their own management company". 

Daniela’s article also provided a spotlight on Luxembourg, presenting key stats and figures around the domicile and highlighting its importance on the global financial stage. She writes that "after the US, Luxembourg is the world’s biggest funds centre with over $320bn AUM of investment funds. Funds based in Luxembourg can be marketed and sold in more than 70 countries around the world." 

Read the full article here.