AIFMD II: shaping the future of alternative investments

The updated Alternative Investment Fund Managers Directive (AIFMD II) represents a significant milestone in the EU regulatory framework for alternative investment funds. Its purpose is to drive greater transparency, strengthen investor protection, and enhance market resilience.

What is changing under AIFMD II?

• Loan origination - new rules for loan-originating AIFs include leverage limits, risk retention on transferred loans, and restrictions on lending to related parties.
• Delegation and substance - stricter governance standards require detailed delegation reporting and at least two senior individuals based in the EU.
• Liquidity management- open-ended AIFs must adopt at least two liquidity management tools with clear activation and deactivation policies.
• Reporting and disclosure - expanded obligations cover delegation, liquidity management, and loan portfolios, with enhanced investor transparency on costs and risks.
• UCITS alignment - parallel requirements for UCITS ensure consistency across retail and institutional funds.

How we help you stay ahead

Our team combines regulatory insight with practical solutions to help you meet obligations and seize opportunities. We provide:

• Readiness assessments and gap analysis
• Governance and delegation frameworks
• Liquidity and risk management tools
• Cross-border compliance strategies
• Ongoing advisory and training

We will help you navigate complexity and turn compliance into a competitive advantage.