Insights Blog

Illustration of three paths -- a lit doorway, a locked gate, and a faint trail -- converging toward one destination, representing the three legal routes for non-EU fund managers marketing in the EU.

The Non-EU GP's Guide to Marketing a Fund in the European Union

: Aug 12, 2026, 8:42:57 PM

Last reviewed: 9 August 2026

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Illustration of a visible figure standing beside a sealed, banded chest, representing the AIFMD distinction between the visible fund manager and the regulated fund.

What Is AIFMD? A Plain-English Explainer for Fund Managers

: Aug 12, 2026, 8:41:36 PM

Last reviewed: 9 August 2026

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Illustration of a paper airplane deflected off a closed door with an unused key nearby, representing a U.S. manager marketing in Europe before registering.

Can a U.S. Fund Manager Raise Capital in Europe?

: Aug 12, 2026, 8:40:39 PM

Last reviewed: 9 August 2026

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Illustration of a figure holding a narrow closed umbrella deflecting darts, with a wide open funnel torn away in the background, representing reverse solicitation as a narrow defense rather than a broad strategy.

Reverse Solicitation Under AIFMD: Why It Is a Defense, Not a Strategy

: Aug 12, 2026, 8:39:35 PM

Last reviewed: 9 August 2026

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Illustration of an hourglass already tipping as a draft document passes between two hands, representing the 18-month clock that starts the moment pre-marketing begins.

Pre-Marketing vs. Marketing Under AIFMD (and the 18-Month Rule)

: Aug 12, 2026, 8:38:29 PM

Last reviewed: 9 August 2026

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Illustration of a folded map of Europe with small price tags, most blank and one large tag with a padlock, representing the varying costs of NPPR registration by country.

What NPPR Registration Actually Costs (and How Long It Takes)

: Aug 12, 2026, 8:37:28 PM

Last reviewed: 9 August 2026

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Illustration of a torn map of Europe with some countries lifted and lit and others cross-hatched and chained, representing which EU countries are open to non-EU fund managers.

Which EU Countries Can a Non-EU Manager Actually Market In?

: Aug 12, 2026, 8:36:20 PM

Last reviewed: 9 August 2026

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Illustration of a locked gate chained to a vault of matching height, representing Germany's NPPR approval gate combined with its mandatory depositary-lite requirement.

NPPR in Germany: BaFin Registration, Depositary-Lite, and Timelines

: Aug 12, 2026, 8:33:51 PM

Last reviewed: 9 August 2026

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Illustration of three light doorframes standing ajar along a path, representing the fast, low-friction NPPR registration routes in the Netherlands, Ireland, and Luxembourg.

The File-and-Go Three: NPPR in the Netherlands, Ireland, and Luxembourg

: Aug 12, 2026, 8:32:27 PM

Last reviewed: 9 August 2026

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Illustration of an old cracked stamp falling away as two new stamps are pressed down together, representing AIFMD II replacing the old FATF test with two new eligibility conditions.

AIFMD II: What Actually Changed for Non-EU Fund Managers

: Aug 12, 2026, 8:31:05 PM

Last reviewed: 9 August 2026

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