Private Capital Development Publishes a Free Directory of the Regulators That License Fund Managers Worldwide

FOR IMMEDIATE RELEASE

Reference work maps 18 jurisdictions for family offices meeting a non-US manager for the first time — and finds every regulator draws the same line: registered is not the same as recommended.

ROCKVILLE, Maryland — Private Capital Development today published The Global Directory of Fund-Manager Regulators, a free reference work naming the public regulator — and its live register — a family office can check before a first meeting with a fund manager based outside the United States.

The directory is released during United Nations General Assembly 2026 and will be published annually on the same occasion.

Its starting point was a gap the firm's own research turned up first: every diligence checklist in circulation routes a reader to the SEC's adviser database, FINRA BrokerCheck, and EDGAR — three tools that only cover managers registered or reporting in the United States. A family office meeting a manager based in Frankfurt, Mumbai, or São Paulo has nowhere obvious to look. No public register of registers existed to close that gap, so Private Capital Development built one, covering the 18 jurisdictions of the G20 plus the European Union's own cross-border marketing mechanic.

The finding: every register says the same thing about its own limits

All eighteen entries in this directory confirm one narrow fact — that a manager is currently licensed or registered where it claims to be — and every one of them says, in its own words, that this is not the same as investment merit. Not one of the eighteen regulators reviewed makes any claim beyond registration status. A family office that treats a clean register result as a green light on the manager itself is reading more into the record than the regulator ever put there.

• Five of the 18 jurisdictions require checking more than one register, not one search. In the United States, the SEC's adviser database and FINRA's BrokerCheck are separate tools answering different questions. In the European Union, a manager can hold an AIFMD authorization and still not be cleared to market in a given member state — authorization and the cross-border marketing passport are two distinct registers, queried separately, and one does not imply the other. India runs three separate registers — Investment Advisers, Portfolio Managers, and Alternative Investment Funds — and registration in one says nothing about standing in another. Canada's national tool explicitly excludes Ontario, the country's largest capital market, which keeps its own separate register. Italy splits the job between two different bodies: Banca d'Italia registers the firm, and a distinct regulator, CONSOB, oversees conduct.
• Three of the 18 registers could not be independently confirmed live as of the edition date, for reasons the directory states plainly rather than silently dropping the entry: Canada (bot-protection block on direct fetch), Italy (the underlying search tool redirects to a login gateway), Indonesia (a repeated connection timeout on the register subdomain).

What the directory tells a family office that a checklist cannot

Every entry names the actual regulator, the register to search, what a clean result does and does not confirm, and — where the tool has a known blind spot, such as a jurisdiction it silently excludes or a search step that depends on picking the right category — that blind spot is stated on the page rather than left for the reader to discover.

China and Russia are excluded from this edition entirely — deliberately, by scope, not because a register could not be found. Russia is excluded from this directory as a matter of firm policy; that is a decision about where Private Capital Development works, not a finding about any institution.

"A register check answers exactly one question — is this firm licensed where it says it is — and every regulator we reviewed is honest about that limit," said Randy Mitchell, Co-Founder of Private Capital Development. "The mistake we see is treating a clean search result as due diligence. It is the cheapest, fastest filter available before a first meeting, and it is not a substitute for the reference and operational checks a real commitment requires."

How it was verified

Every register named in this directory was tested directly, on the date stated, rather than taken from a published list. Where a register could not be confirmed live — a bot-protection block, a certificate failure on the regulator's own domain, a login-gateway redirect, a connection that could not be completed — the entry says so, with the specific reason, rather than being dropped or presented as confirmed.

Timed to the General Assembly

The 81st session of the United Nations General Assembly convenes under the theme Restoring Trust, Managing Transformation: A United Nations That Delivers for All.

"A family office doing its own homework on a manager it has never met is a small, unglamorous kind of trust-building, and it happens one register search at a time," Mitchell said. "This directory exists so that search starts from the right page."

Private Capital Development has no affiliation with the United Nations and claims none; the timing marks the occasion. The firm is likewise independent of every regulator named in the directory. No regulator was consulted on its entry, charged for inclusion, or offered placement.

Free, and open to correction

The directory is free to download and carries no paid placement. Any reader — including a regulator itself — may correct an entry at any time; corrections are accepted unconditionally and carried forward into the next edition.

The Global Directory of Fund-Manager Regulators, Edition 1 is available at capitalmobilization.com.

About Private Capital Development

Private Capital Development is a capital mobilization and brand-building firm — the strategic bridge between fund managers and the institutional investors who allocate to them. Founded on thirteen years at the U.S. Department of Commerce and operating commercially as a family enterprise since June 2018, the Maryland-based firm runs a dedicated outreach program securing meetings with global allocators on a fund manager's behalf, and hosts in-person brand programs frequently held at U.S. Embassies and Ambassadors' residences. Private Capital Development is not a placement agent; it does not sell securities and is not compensated on capital raised.

Media contact
Randy Mitchell, Co-Founder
Private Capital Development
rmitchell@capitalmobilization.com
capitalmobilization.com

Research and drafting were AI-assisted and reviewed before publication.

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