Tax issues on stake sales and investment into managers: structuring, pitfalls and steps to take now
About
Tiffany advises a range of asset managers on the operation and regulation of investment funds, with particular experience in ESG/sustainable funds and semi-liquid products.
She works with several large asset managers and "host" authorised corporate directors on various matters relating to the structure, operation and regulation of both UK authorised funds (UCITS, NURS and LTAFs) and EU regulated funds (ELTIFs). She also advises family offices on the operation of offshore investment structures.
Clients value Tiffany's deep technical expertise on the regulatory aspects of ESG, sustainable and impact funds (including UK SDR and the EU SFDR and Taxonomy Regulation). Tiffany is a founding member of the firm’s ESG working group and holds a certificate in Sustainable Finance from the University of Cambridge Institute for Sustainability Leadership.
Tiffany is actively involved in industry working groups, including the ESG Scoping Forum of the Financial Markets Law Committee (FMLC) and ELTIF Working Groups of the Alternative Credit Council and Invest Europe.
She is ranked as an 'associate to watch' by Chambers and Partners and a 'leading associate' by the Legal 500.
Experience
- Advising Growth Capital Partners on the ESG aspects of their “one and done” fund, GCP Fund VI, at £411m.
- Advising Carne Group on the regulatory approval from the FCA for the launch of a private equity-focused Long Term Asset Fund (LTAF) in collaboration with WTW.
- Advising Legal & General Asset Management (L&G) on the launch of its diversified private markets Long-Term Asset Fund (LTAF), the Legal & General Private Markets LTAF.
- Advising Arcmont Asset Management, and its independent authorised corporate director, Carne Global Fund Managers (UK) Ltd, on the launch of an open-ended private debt focussed fund under the Long-Term Asset Fund (LTAF) regime.
- Advising a dedicated renewable infrastructure manager on its compliance with the SFDR and EU Taxonomy in respect of its Article 9 SFDR funds.
- Advising Muzinich on the establishment and operation of several European Long-Term Investment Funds (ELTIFs)
- Advising Hayfin on its compliance with SFDR in respect of several Article 8 funds.