Brexit

With the UK set to trigger the formal process to leave the EU on Wednesday, take our two-minute survey and tell us how the referendum has affected your operations over the last nine months.

The firm now has $547m to deploy for its strategic secondaries fund, which targets GP-led transactions.

A global set of financial standards and a transitional system to facilitate adaptation to post-Brexit rules were among the suggestions put forward by Financial Conduct Authority heavyweights.

UK trade minister Mark Garnier said on Wednesday the UK is likely to lose its financial passporting rights as a result of Brexit, but research suggests the alternatives industry would be relatively unscathed.

Discounts could also widen for European funds amid volatility related to Brexit, according to a mid-year report by the advisory firm obtained exclusively by Secondaries Investor.

UK private equity firms in fundraising mode should expect investors to quiz them on the potential impact of Brexit on their structure, investment strategy and returns, lawyers say.

Avoiding the crowded core is key to finding value in an asset class that is growing explosively, according to Pantheon's Andrea Echberg.

If a fund’s main investor base is in the UK, products may be re-domiciled to the UK and become unavailable to European investors, according to MUFG Investor Services' COO.

Record levels of dry powder, macroeconomic headwinds and political uncertainty; advisory firms’ mid-year reports make for interesting reading.

Advisory firms that provide investment management services to EU clients, such as secondaries managers, must still comply with the directive, the UK's financial regulator says.