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        <title>Asset management articles, events and news</title>
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        <pubDate>Wed, 30 Jun 2021 14:54:13 &#x2B;0000</pubDate>
        <lastBuildDate>Tue, 10 Mar 2026 00:00:00 &#x2B;0000</lastBuildDate>
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                <title>Travers Smith advises Investec on the final closing of Investec Private Debt Fund II (&quot;PDF II&quot;)</title>
                    <description><![CDATA[Travers Smith LLP has advised long-standing client Investec Alternative Investment Management (&#x201C;IAIM&#x201D;), a subsidiary of Investec Bank plc (&#x201C;Investec&#x201D;), on the fundraising of its flagship fund, Investec Private Debt Fund II (&quot;PDF II&quot;).]]></description>
                        <pubDate>
                            Wed, 04 Feb 2026 14:12:39 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-investec-on-the-final-closing-of-investec-private-debt-fund-ii-pdf-ii/</link>
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                <title>New year tax checklist for private capital managers</title>
                    <description><![CDATA[Tax is a hot topic for the private capital sector, and that looks set to continue throughout 2026.&#xD;&#xA;&#xD;&#xA;With so many tax developments progressing it can be difficult for asset managers to stay on top of things. This briefing provides a checklist of the key tax issues to have on your list for 2026 across the UK, US and EU, as well as the key European fund management jurisdictions of Luxembourg, Ireland]]></description>
                        <pubDate>
                            Wed, 21 Jan 2026 17:54:55 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/new-year-tax-checklist-for-private-capital-managers/</link>
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                <title>Withholding the withholding tax concession: HMRC pauses concession for errors when withholding tax on interest</title>
                    <description><![CDATA[What has happened? &#xD;&#xA;HMRC has confirmed it has paused a long standing concession that dealt with administrative failures to withhold income tax from payments of UK source yearly interest to overseas lenders. The concession allowed borrowers to make a voluntary disclosure and, in qualifying cases, be assessed only for late payment interest.&#xD;&#xA;The concession applied where a UK borrower had not obtained HMRC clearance to pay interest &#x27;gross&#x27;, paid an amount of interest &#x27;gross&#x27;, but where the over...]]></description>
                        <pubDate>
                            Mon, 22 Dec 2025 14:36:14 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/withholding-the-withholding-tax-concession-hmrc-pauses-concession-for-errors-when-withholding-tax-on-interest/</link>
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                <title>VAT recovery on deal costs restricted</title>
                        <pubDate>
                            Thu, 18 Dec 2025 12:00:20 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/vat-recovery-on-deal-costs-restricted/</link>
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                <title>Welcome changes made to new UK carried interest tax regime</title>
                    <description><![CDATA[The government yesterday published an updated draft of the legislation implementing the UK&#x27;s new carried interest tax regime coming into force from 6 April next year. The key principles of the regime have not been changed &#x2013; broadly, all carried interest will be taxed as trading income (with a bespoke effective rate of around 34.1% being available for so-called &quot;qualifying carried interest&quot;) - but there have been some helpful amendments to the mechanics. &#xD;&#xA;&#xD;&#xA;In the summer, we published a guide...]]></description>
                        <pubDate>
                            Fri, 05 Dec 2025 17:43:59 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/welcome-changes-made-to-new-uk-carried-interest-tax-regime/</link>
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                <title>Autumn Budget 2025</title>
                    <description><![CDATA[Stay informed with our expert Autumn Budget 2025 analysis. Explore key highlights, tax changes, spending reviews, and economic impacts. Get in-depth insights and updates to help individuals and businesses navigate the latest UK budget developments.]]></description>
                        <pubDate>
                            Wed, 26 Nov 2025 12:07:27 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/autumn-budget-2025/</link>
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                <title>Infrastructure and Energy Spotlight &#x2013; Autumn/Winter 2025</title>
                    <description><![CDATA[In this edition, we look at the prospects for data centres in the UK, what to watch out for in the Budget and whether EU objections could derail UK planning reforms.  We also discuss the clean energy aspects of the UK&#x27;s Industrial Strategy, the impact of consumer law on the energy and infrastructure sectors, recent developments in sustainability reporting and the National Underground Asset Register.]]></description>
                        <pubDate>
                            Mon, 17 Nov 2025 17:02:32 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-and-energy-spotlight-autumnwinter-2025/</link>
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                <title>Budget Tracker (Autumn 2025)</title>
                    <description><![CDATA[Stay ahead of anticipated tax changes with our speculative Budget 2025 Tax Tracker for businesses. Access real-time legal insights on emerging tax proposals, enabling your organisation to prepare early, manage compliance risks, and make informed decisions before the next UK Budget.]]></description>
                        <pubDate>
                            Thu, 16 Oct 2025 12:07:00 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/budget-tracker-autumn-2025/</link>
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                <title>The UK Failure to Prevent Fraud regime takes effect on 1 September: Here&#x27;s what you need to know</title>
                    <description><![CDATA[In 2023, the UK brought the Economic Crime and Corporate Transparency Act (the &quot;ECCTA&quot;) into law, which introduced a new and wide-ranging corporate offence for failure to prevent fraud (the &quot;FTPF Offence&quot;), to take effect on 1 September 2025. That deadline is now upon us. The Serious Fraud Office (&quot;SFO&quot;) and the Crown Prosecution Service (&quot;CPS&quot;) released revised joint prosecution guidance last week specifically covering the FTPF Offence, demonstrating that the prosecuting authorities are them...]]></description>
                        <pubDate>
                            Tue, 26 Aug 2025 13:34:30 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-uk-failure-to-prevent-fraud-regime-takes-effect-on-1-september-heres-what-you-need-to-know/</link>
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                <title>Challenges For Managers In Navigating Continuation Funds</title>
                        <pubDate>
                            Wed, 06 Aug 2025 12:06:19 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/challenges-for-managers-in-navigating-continuation-funds/</link>
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                <title>New UK carried interest tax regime: draft rules published</title>
                    <description><![CDATA[On Monday, the government published the much anticipated first draft of the legislation implementing the UK&#x27;s new carried interest tax regime which is coming into force from 6 April next year. We have known for some time the key features of the regime, under which all carried interest will be taxed as trading income (with a bespoke effective rate of around 34.1% being available for so-called &quot;qualifying carried interest&quot;), but now we have a good idea of the detail.]]></description>
                        <pubDate>
                            Fri, 25 Jul 2025 12:38:25 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/new-uk-carried-interest-tax-regime-draft-rules-published/</link>
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                <title>Infrastructure and Energy Spotlight &#x2013; Spring/Summer 2025</title>
                    <description><![CDATA[In this edition, we look at the UK Government&#x27;s 10 year Infrastructure Strategy and whether the &quot;Washington effect&quot; has trumped the &quot;Brussels effect&quot; in relation to ESG regulation.  We also provide updates on topics including planning reform, housing, heat networks, national security, pension fund infrastructure investment and carbon markets.]]></description>
                        <pubDate>
                            Thu, 26 Jun 2025 16:26:47 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-and-energy-spotlight-springsummer-2025/</link>
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                <title>Travers Smith announces new Head of Asset Management</title>
                    <description><![CDATA[Travers Smith LLP has announced the appointment of Will Normand as Head of Asset Management.]]></description>
                        <pubDate>
                            Fri, 20 Jun 2025 10:52:57 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-announces-new-head-of-asset-management/</link>
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                <title>Travers Smiths wins at The Drawdown Awards 2025</title>
                    <description><![CDATA[Travers Smith LLP is delighted to have been awarded the &#x27;Tax Adviser&#x27; Award at The Drawdown Awards 2025.]]></description>
                        <pubDate>
                            Mon, 16 Jun 2025 09:29:30 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-wins-at-the-drawdown-awards-2025/</link>
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                <title>Government provides welcome update to carried interest reform proposals</title>
                    <description><![CDATA[From 6 April 2026, the UK tax treatment of carried interest will be fundamentally reformed, with all carried interest being taxed exclusively as trading income and a bespoke effective tax rate of around 34.1% applying to so-called &quot;qualifying carried interest&quot;.]]></description>
                        <pubDate>
                            Sun, 08 Jun 2025 08:30:34 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/government-provides-welcome-update-to-carried-interest-reform-proposals/</link>
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                <title>Travers Smith promotes nine new partners </title>
                    <description><![CDATA[Travers Smith LLP has announced today the promotion of nine lawyers to its partnership, with effect from 1 July 2025.]]></description>
                        <pubDate>
                            Tue, 03 Jun 2025 08:45:50 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-promotes-nine-new-partners/</link>
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                <title>Continuation Vehicles and considerations for asset level debt</title>
                    <description><![CDATA[For managers (i.e. the Sponsor) of closed-ended private equity funds (including real estate or infrastructure funds), continuation vehicles offer the Sponsor an alternative to the traditional exit routes for investments. &#xD;&#xA;&#xD;&#xA;In a CV structure the Sponsor will transfer an asset (the &quot;CV Investment&quot;) from its existing fund to a newly established continuation vehicle (&quot;CV&quot;), also managed by the Sponsor.  &#xD;&#xA;&#xD;&#xA;The investors (being the limited partners (the &quot;LPs&quot;)) in the existing fund have the opt...]]></description>
                        <pubDate>
                            Sun, 11 May 2025 09:36:53 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/continuation-vehicles-and-considerations-for-asset-level-debt/</link>
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                <title>A Fine Line for Green Collaboration</title>
                        <pubDate>
                            Mon, 07 Apr 2025 09:45:43 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/a-fine-line-for-green-collaboration/</link>
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                <title>Strategic hire for Travers Smith&#x27;s Private Equity &amp; Financial Sponsors Group </title>
                    <description><![CDATA[Travers Smith LLP is delighted to announce the hire of Jeremy Dennison as a partner in the Private Equity &amp; Financial Sponsors (PEFS) group, further strengthening its market leading Private Equity offering.]]></description>
                        <pubDate>
                            Thu, 06 Mar 2025 08:45:50 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/strategic-hire-for-travers-smiths-private-equity-financial-sponsors-group/</link>
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                <title>Travers Smith strengthens Asset Management sector group with strategic hire</title>
                    <description><![CDATA[Travers Smith LLP is delighted to announce the hire of Funds lawyer John Daghlian as a Senior Consultant, further strengthening the firm&#x27;s Asset Management sector group.]]></description>
                        <pubDate>
                            Wed, 05 Mar 2025 17:09:06 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-strengthens-asset-management-sector-group-with-strategic-hire/</link>
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                <title>Travers Smith advises Brooks Macdonald Group plc on the sale of international subsidiary</title>
                    <description><![CDATA[Travers Smith has advised Brooks Macdonald Group plc on the sale of its wholly owned subsidiary, Brooks Macdonald Asset Management (International) Limited and its subsidiaries (BMI), to Canaccord Genuity Wealth (International) Holdings Limited for a total consideration of up to &#xA3;50.85m.]]></description>
                        <pubDate>
                            Mon, 24 Feb 2025 17:00:57 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-brooks-macdonald-group-plc-on-the-sale-of-international-subsidiary-1/</link>
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                <title>Travers Smith advises Brookfield Oaktree Wealth Solutions on the launch of Oaktree Strategic Credit Fund</title>
                    <description><![CDATA[Travers Smith LLP has advised Brookfield Oaktree Wealth Solutions on the establishment and launch of its semi-liquid strategic credit fund, Oaktree Strategic Credit Fund (SICAV), under its existing Luxembourg UCI Part II umbrella structure.]]></description>
                        <pubDate>
                            Mon, 10 Feb 2025 15:25:31 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-brookfield-oaktree-wealth-solutions-on-the-launch-of-oaktree-strategic-credit-fund/</link>
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                <title>Travers Smith advises Nest on its investment into IFM</title>
                    <description><![CDATA[Travers Smith LLP advised longstanding client Nest Corporation &#x2013; the trustee of the National Employment Savings Trust &#x2013; on the acquisition of a ten percent shareholding in Industry Super Holdings, the holding company of IFM Investors, a global institutional investor and asset manager operating across the infrastructure, debt investments and private equity markets.]]></description>
                        <pubDate>
                            Thu, 06 Feb 2025 08:45:50 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-nest-on-its-investment-into-ifm/</link>
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                <title>Infrastructure Spotlight &#x2013; Autumn/Winter 2024</title>
                    <description><![CDATA[In this edition, we focus on the infrastructure implications of the new Labour Government&#x27;s first Budget, including for energy, vehicles, telecoms, housing and major projects.  We also look at new initiatives affecting the UK water industry and UK infrastructure investment more generally.  Please get in touch if you would like to discuss any of the issues discussed below.]]></description>
                        <pubDate>
                            Thu, 28 Nov 2024 14:19:27 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-spotlight-autumnwinter-2024/</link>
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                <title>Failure to prevent fraud guidance published &#x2013; what do businesses need to do now?</title>
                    <description><![CDATA[As part of the Economic Crime and Corporate Transparency Act 2023 (the &quot;ECCTA&quot;), which was granted Royal Assent on 26 October 2023, a new &#x27;failure to prevent fraud&#x27; offence was introduced in the UK (the &quot;FTPF Offence&quot;). The FTPF Offence is modelled on similar existing offences for &#x27;failure to prevent bribery&#x27; and &#x27;failure to prevent the facilitation of tax evasion&#x27;. The FTPF Offence is intended to hold certain corporate entities criminally liable for fraud committed by their associates (unles...]]></description>
                        <pubDate>
                            Wed, 13 Nov 2024 11:43:56 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/failure-to-prevent-fraud-guidance-published-what-do-businesses-need-to-do-now/</link>
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                <title>Infrastructure and the autumn budget: investing for the future?</title>
                    <description><![CDATA[In its 2024 Manifesto (the &quot;Manifesto&quot;), as highlighted in our post-election Infrastructure Spotlight, the Labour Party made some ambitious commitments towards accelerating the UK on its path to net zero, in addition to overhauling and regenerating the UK&#x27;s ageing infrastructure, by using public investment &quot;to crowd in private funding&quot;.]]></description>
                        <pubDate>
                            Fri, 01 Nov 2024 12:03:30 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-and-the-autumn-budget-investing-for-the-future/</link>
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                <title>Water (Special Measures) Bill: what&#x27;s next for the water industry in the UK?</title>
                    <description><![CDATA[The Water (Special Measures) Bill is intended to significantly strengthen the power of water industry regulators in the UK. In this briefing we explore the updated rules, proposed standards, and new enforcement measures which will affect water companies going forward.]]></description>
                        <pubDate>
                            Thu, 31 Oct 2024 09:05:06 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/water-special-measures-bill-whats-next-for-the-water-industry-in-the-uk/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/water-special-measures-bill-whats-next-for-the-water-industry-in-the-uk/</guid>
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                <title>From Manifesto to Budget: How might the Labour Government change the way carried interest is taxed?</title>
                    <description><![CDATA[In the first episode of our series From Manifesto to Budget, Tax Partner Elena Rowlands, and Senior Associates Tom Margesson and Sarah Roman from our Asset Management Tax team provide an overview of the carried interest tax rules and discuss what measures the Government might introduce in the upcoming Autumn Budget 2024 to close what it has termed the &quot;carried interest loophole&quot;.]]></description>
                        <pubDate>
                            Fri, 25 Oct 2024 10:22:56 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-how-might-the-labour-government-change-the-way-carried-interest-is-taxed/</link>
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                <title>From Manifesto to Budget: Non-doms: How will Labour Move Forward?</title>
                    <description><![CDATA[In the second episode of this series, Partner Mahesh Varia, Senior Associate Claire Prentice and Trainee Michelle Soo from our Tax team, discuss the potential reforms to the tax treatment of individuals who are not UK-domiciled (&quot;non-doms&quot;) in the upcoming Autumn Budget 2024. They cover the Labour party&#x27;s election manifesto, updates by the new Labour government since winning the election and what we might expect in the Budget.]]></description>
                        <pubDate>
                            Fri, 25 Oct 2024 10:22:39 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-non-doms-how-will-labour-move-forward/</link>
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            </item>
            <item>
                <title>From Manifesto to Budget: Capital Gains Tax: what can we expect from the Labour Government?</title>
                    <description><![CDATA[In this episode, Tax Partner Hannah Manning, Knowledge Counsel Kulsoom Hadi and Trainee Solicitors Josh Channon and Amar Degon discuss the possible reforms to capital gains tax to be announced in the Autumn Budget on 30 October 2024. The team reviews speculation from recent commentary and delves into past budget announcements, as well as discussing comparisons with CGT rates in other countries.]]></description>
                        <pubDate>
                            Fri, 25 Oct 2024 10:30:01 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-capital-gains-tax-what-can-we-expect-from-the-labour-government/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-capital-gains-tax-what-can-we-expect-from-the-labour-government/</guid>
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            </item>
            <item>
                <title>From Manifesto to Budget: Business taxes: what can we expect from the Labour Government?</title>
                    <description><![CDATA[In the third episode of series, Head of Tax, Russell Warren, Associate Ross McGregor and Trainee Nadia Ashbridge discuss the possible reforms to key business taxes including Corporation Tax, VAT and Employer NICs expected to be announced in the Autumn Budget on 30 October 2024. The team also consider Labour&#x27;s manifesto pledge promising a Business Taxes Roadmap and what this might mean for businesses in the longer term.]]></description>
                        <pubDate>
                            Fri, 25 Oct 2024 10:22:08 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-business-taxes-what-can-we-expect-from-the-labour-government/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/from-manifesto-to-budget-business-taxes-what-can-we-expect-from-the-labour-government/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/n0xgkyav/tax-facts-minimal-01.png" length="26987" type="image/png" />
            </item>
            <item>
                <title>ICLG: Alternative Investment Funds Laws and Regulations Report 2024</title>
                    <description><![CDATA[Jeremy Elmore and Emily Clark were contributing editors to the latest edition of the International Comparative Legal Guide - Alternative Investment Funds 2024. Travers Smith also contributed two articles.]]></description>
                        <pubDate>
                            Fri, 20 Sep 2024 09:32:27 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/iclg-alternative-investment-funds-laws-and-regulations-report-2024/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/iclg-alternative-investment-funds-laws-and-regulations-report-2024/</guid>
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            </item>
            <item>
                <title>Court of Appeal confirms &quot;Miscellaneous income&quot; tax charge for fund manager remuneration scheme</title>
                    <description><![CDATA[A series of cases have been working their way through the UK courts in which HMRC has sought to apply the tax charge for &quot;miscellaneous income&quot; to variants of a remuneration planning scheme used by fund managers.  In December last year the Court of Appeal, in BlueCrest Capital Management LP and others, upheld HMRC&#x27;s view in relation to one iteration of the relevant arrangements, and that court has now considered another in HMRC v HFFX LLP and others.]]></description>
                        <pubDate>
                            Thu, 25 Jul 2024 15:34:20 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/court-of-appeal-confirms-miscellaneous-income-tax-charge-for-fund-manager-remuneration-scheme/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/court-of-appeal-confirms-miscellaneous-income-tax-charge-for-fund-manager-remuneration-scheme/</guid>
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            </item>
            <item>
                <title>Infrastructure Spotlight &#x2013; Summer 2024</title>
                    <description><![CDATA[In this edition, we look at what a Labour Government could mean for investors in and operators of UK infrastructure.&#xA0; We also provide an update on disclosure rules for corporates, greenwashing rules for funds and a range of other topics, from EV charging, housing and planning through to tax and expiry of PFI/PPP deals.]]></description>
                        <pubDate>
                            Thu, 11 Jul 2024 10:21:58 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-spotlight-summer-2024/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-spotlight-summer-2024/</guid>
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            </item>
            <item>
                <title>Travers Smith strengthens market leading retailisation offering with strategic Funds partner hire</title>
                    <description><![CDATA[Travers Smith LLP has announced today the hire of Joel Grossmark as a partner in the Funds group, further strengthening its market-leading retailisation practice.]]></description>
                        <pubDate>
                            Tue, 11 Jun 2024 11:43:06 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-strengthens-market-leading-retailisation-offering-with-strategic-funds-partner-hire/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-strengthens-market-leading-retailisation-offering-with-strategic-funds-partner-hire/</guid>
            </item>
            <item>
                <title>Travers Smith LLP has advised Alcazar Energy Partners II SLP (SCSp) (&quot;AEP-II&quot;), Alcazar Energy&#x27;s renewable energy fund, on its successful final closing of US$490m </title>
                    <description><![CDATA[Travers Smith LLP has advised Alcazar Energy Partners II SLP (SCSp) (&quot;AEP-II&quot;), Alcazar Energy&#x27;s renewable energy fund, on its successful final closing of US$490m]]></description>
                        <pubDate>
                            Wed, 22 May 2024 12:40:07 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-llp-has-advised-alcazar-energy-partners-ii-slp-scsp-aep-ii-alcazar-energys-renewable-energy-fund-on-its-successful-final-closing-of-us-490m/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-llp-has-advised-alcazar-energy-partners-ii-slp-scsp-aep-ii-alcazar-energys-renewable-energy-fund-on-its-successful-final-closing-of-us-490m/</guid>
            </item>
            <item>
                <title>Talking Secondaries - Is a continuation vehicle an AIF?</title>
                    <description><![CDATA[Continuation vehicles are typically structured as limited partnerships, with the investors (both rolling and new) constituting limited partners in the vehicle and the GP acting as manager of the vehicle. From a regulatory perspective, this continuation vehicle will typically fall within one of two regulatory categories: an alternative investment fund (&#x201C;AIF&#x201D;) or a non-AIF collective investment scheme (&#x201C;CIS&#x201D;).]]></description>
                        <pubDate>
                            Thu, 25 Apr 2024 11:17:04 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-is-a-continuation-vehicle-an-aif/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-is-a-continuation-vehicle-an-aif/</guid>
            </item>
            <item>
                <title>The Energy Act 2023 - The next big step in decarbonising and de-globalising the UK&#x27;s energy network?</title>
                        <pubDate>
                            Tue, 02 Apr 2024 12:26:36 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-energy-act-2023-the-next-big-step-in-decarbonising-and-de-globalising-the-uks-energy-network/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-energy-act-2023-the-next-big-step-in-decarbonising-and-de-globalising-the-uks-energy-network/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6947/esg-and-sustainable-finance.png" length="7461" type="image/png" />
            </item>
            <item>
                <title>Alternative Insights: Insights &#x27;24</title>
                        <pubDate>
                            Sun, 11 Feb 2024 11:20:53 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/alternative-insights-insights-24/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/alternative-insights-insights-24/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/aiub410w/insights-23-website-baner.png" length="18828" type="image/png" />
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Retailisation: Will 2024 be the year of the ELTIF?</title>
                    <description><![CDATA[In this week&#x27;s issue of Travers Smith&#x27;s Alternative Insights, we are looking at ESMA&#x27;s proposed implementing rules for the European Long Term Investment Fund, or ELTIF, and how they match up to the needs of sponsors.]]></description>
                        <pubDate>
                            Fri, 12 Jan 2024 10:21:34 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation-will-2024-be-the-year-of-the-eltif/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation-will-2024-be-the-year-of-the-eltif/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/u0mg4dsi/data-under-magnifying-glass-standard-ai.png" length="51414" type="image/png" />
            </item>
            <item>
                <title>Financial Services Regulation 2024 - New Year briefing</title>
                        <pubDate>
                            Wed, 10 Jan 2024 17:41:31 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-regulation-2024-new-year-briefing/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-regulation-2024-new-year-briefing/</guid>
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            </item>
            <item>
                <title>The Energy Act 2023: a brave new world?</title>
                    <description><![CDATA[On 26 October 2023, the UK&#x27;s Energy Act 2023 (the &quot;Act&quot;) received Royal Assent, becoming one of the largest piece of energy legislation in a generation.]]></description>
                        <pubDate>
                            Fri, 24 Nov 2023 10:40:53 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-energy-act-2023-a-brave-new-world/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-energy-act-2023-a-brave-new-world/</guid>
            </item>
            <item>
                <title>Talking Secondaries - Indirect transfer taxes (non-resident capital gains taxes)</title>
                    <description><![CDATA[In the ninth instalment of our Talking. Secondaries series, we examine what indirect transfer taxes are and why they matter.]]></description>
                        <pubDate>
                            Thu, 23 Nov 2023 10:50:40 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-indirect-transfer-taxes-non-resident-capital-gains-taxes/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-indirect-transfer-taxes-non-resident-capital-gains-taxes/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Tax cuts for UK business &#x2013; and a welcome focus on private capital</title>
                    <description><![CDATA[In this week&#x27;s issue of Travers Smith&#x27;s Alternative Insights, we are looking at the UK&#x27;s 2023 Autumn Statement and focus on private capital.]]></description>
                        <pubDate>
                            Wed, 22 Nov 2023 10:44:36 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-tax-cuts-for-uk-business-and-a-welcome-focus-on-private-capital/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-tax-cuts-for-uk-business-and-a-welcome-focus-on-private-capital/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/u0mg4dsi/data-under-magnifying-glass-standard-ai.png" length="51414" type="image/png" />
            </item>
            <item>
                <title>Infrastructure Spotlight &#x2013; Autumn 2023</title>
                    <description><![CDATA[In this edition, we highlight the key regulatory and policy developments this Autumn which will impact investors in and operators of energy and infrastructure assets in the UK.]]></description>
                        <pubDate>
                            Wed, 15 Nov 2023 09:36:55 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-spotlight-autumn-2023/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/infrastructure-spotlight-autumn-2023/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/kbhjfeoe/plane-vibrant-01.png" length="36293" type="image/png" />
            </item>
            <item>
                <title>EU proposal on Critical Raw Materials</title>
                    <description><![CDATA[On 16 March 2023, the EU Commission announced plans for the &#x27;Critical Raw Materials Act&#x27; (the &quot;CRMA&quot;): a &quot;comprehensive set of actions&quot; designed to ensure long-term access in the EU to a secure and sustainable supply of critical raw materials. The proposal forms part of the Green Deal Industrial Plan, adopted in February 2023, which aims to create a regulatory environment which supports the net-zero transition. Although on its face the draft regulation does not appear to be overly burdensome...]]></description>
                        <pubDate>
                            Thu, 09 Nov 2023 10:53:33 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/eu-proposal-on-critical-raw-materials/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/eu-proposal-on-critical-raw-materials/</guid>
            </item>
            <item>
                <title>Private Equity International: Sharpening impact&#x27;s blurred edges</title>
                    <description><![CDATA[Funds Partner Jeremy Elmore and Financial Services &amp; Markets Senior Consultant Simon Witney have featured in the latest edition of Private Equity International&#x27;s Impact Investing Report. In this keynote interview, Jeremy and Simon discuss how greater clarity, precision and standardisation can help the impact investing market reach its full potential.]]></description>
                        <pubDate>
                            Fri, 03 Nov 2023 15:45:09 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-sharpening-impacts-blurred-edges/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-sharpening-impacts-blurred-edges/</guid>
            </item>
            <item>
                <title>The Carbon Border Adjustment Mechanism: Recap and updates</title>
                    <description><![CDATA[On 1 October 2023, the EU&#x27;s Carbon Border Adjustment Mechanism (&quot;CBAM&quot;) regulation officially entered into its transitional period, which will run until 31 December 2025.]]></description>
                        <pubDate>
                            Thu, 02 Nov 2023 10:54:37 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-carbon-border-adjustment-mechanism-recap-and-updates/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-carbon-border-adjustment-mechanism-recap-and-updates/</guid>
            </item>
            <item>
                <title>Getting tough on corporate abuse: the Economic Crime and Corporate Transparency Act passes into law</title>
                    <description><![CDATA[Getting tough on corporate abuse: the Economic Crime and Corporate Transparency Act passes into law.]]></description>
                        <pubDate>
                            Tue, 31 Oct 2023 16:34:53 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/getting-tough-on-corporate-abuse-the-economic-crime-and-corporate-transparency-act-passes-into-law/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/getting-tough-on-corporate-abuse-the-economic-crime-and-corporate-transparency-act-passes-into-law/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/7120/finance-pound-transparent-background.png" length="22545" type="image/png" />
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Hot topics: The UK tax landscape</title>
                    <description><![CDATA[In a special Alternative Insights to mark the publication of the Autumn edition of our Asset Management Tax Checklist, our &quot;need to know&quot; guide to topical tax issues facing the industry, Travers Smith&#x27;s Elena Rowlands, was interviewed by Tosin Adeyeri. Elena is a partner in our Tax Team whose practice focuses on focuses on the taxation of asset managers, investment funds and their investors, and tax authority disputes, and Tosin is a partner in our Funds Team.]]></description>
                        <pubDate>
                            Fri, 27 Oct 2023 10:57:37 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-hot-topics-the-uk-tax-landscape/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-hot-topics-the-uk-tax-landscape/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/u0mg4dsi/data-under-magnifying-glass-standard-ai.png" length="51414" type="image/png" />
            </item>
            <item>
                <title>UK CMA Green Agreements Guidance</title>
                    <description><![CDATA[The UK CMA has now (12 October) published its keenly awaited Green Agreements Guidance, explaining how collaborations between competitors to promote environmental sustainability will be treated under domestic competition laws prohibiting anticompetitive agreements.]]></description>
                        <pubDate>
                            Thu, 26 Oct 2023 15:48:08 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/uk-cma-green-agreements-guidance/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/uk-cma-green-agreements-guidance/</guid>
            </item>
            <item>
                <title>Talking Secondaries - Transfer taxes</title>
                    <description><![CDATA[In the eighth instalment of our Talking. Secondaries series, we examine when transfer taxes apply, the implications they may have on a secondary transaction, and how to potentially mitigate these risks and allocate liability accordingly.]]></description>
                        <pubDate>
                            Tue, 24 Oct 2023 11:21:16 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-transfer-taxes/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-transfer-taxes/</guid>
            </item>
            <item>
                <title>Travers Smith advises Clipway on its launch of new global secondaries firm</title>
                    <description><![CDATA[Travers Smith LLP has advised Clipway on its establishment as a new global GP and strategic investment from Carmignac and General Atlantic. Clipway is a new global private equity secondaries firm that leverages proprietary technology to optimise investment strategy. The Clipway team, headquartered in London with an office in New York, is led by veteran secondaries investors and managing partners Vincent Gombault and Ingmar Vallano.]]></description>
                        <pubDate>
                            Wed, 11 Oct 2023 08:45:43 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-clipway-on-its-launch-of-new-global-secondaries-firm/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-advises-clipway-on-its-launch-of-new-global-secondaries-firm/</guid>
            </item>
            <item>
                <title>Talking Secondaries - US tax rules - Publicly Traded Partnerships</title>
                    <description><![CDATA[In the seventh instalment of our Talking. Secondaries series, we examine the US tax rules for publicly traded partnerships (&quot;PTPs&quot;). Secondaries transactions can potentially trigger adverse tax consequences for the fund and its investors under these rules. Many GPs will refuse consent to a secondary unless they are satisfied the transaction will not result in the fund becoming a PTP.]]></description>
                        <pubDate>
                            Tue, 03 Oct 2023 08:18:09 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-us-tax-rules-publicly-traded-partnerships/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-us-tax-rules-publicly-traded-partnerships/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: The impact and regulation of private credit funds</title>
                    <description><![CDATA[In this week&#x27;s issue of Alternative Insights we are looking at the impact and regulation of private credit funds.]]></description>
                        <pubDate>
                            Fri, 29 Sep 2023 11:00:20 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-and-regulation-of-private-credit-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-and-regulation-of-private-credit-funds/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/u0mg4dsi/data-under-magnifying-glass-standard-ai.png" length="51414" type="image/png" />
            </item>
            <item>
                <title>Talking Secondaries - US tax rules - ECI and FIRPTA</title>
                    <description><![CDATA[In the sixth instalment of our Talking. Secondaries series, we examine the US tax rules which have significant implications on secondaries transactions &#x2013; ECI and FIRPTA. Getting the US tax right is key to many secondary transactions. It should be considered at an early stage &#x2013; if not, the risk of unexpected US withholding taxes and filing obligations could derail your transaction.]]></description>
                        <pubDate>
                            Mon, 04 Sep 2023 11:21:34 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-us-tax-rules-eci-and-firpta/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-us-tax-rules-eci-and-firpta/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: The impact of the EU&#x27;s new rules on foreign subsidies</title>
                    <description><![CDATA[In this week&#x27;s issue of Alternative Insights we are looking at some important new EU regulations on foreign subsidies that will affect many large M&amp;A deals.]]></description>
                        <pubDate>
                            Fri, 01 Sep 2023 11:03:18 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-of-the-eus-new-rules-on-foreign-subsidies/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-of-the-eus-new-rules-on-foreign-subsidies/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/u0mg4dsi/data-under-magnifying-glass-standard-ai.png" length="51414" type="image/png" />
            </item>
            <item>
                <title>SEC finalises Private Fund Adviser Rules</title>
                    <description><![CDATA[The SEC has recently adopted new rules under the Investment Advisers Act  of 1940 (the &#x201C;Advisers Act&#x201D;) (together, the &#x201C;New Rules&#x201D;), based on a set of proposals originally set out in February 2022 (the &#x201C;Original Proposals&#x201D;).]]></description>
                        <pubDate>
                            Tue, 29 Aug 2023 11:03:39 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/sec-finalises-private-fund-adviser-rules/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/sec-finalises-private-fund-adviser-rules/</guid>
            </item>
            <item>
                <title>Travers Smith bolsters Asset Management offering with strategic Funds partner hire</title>
                    <description><![CDATA[Travers Smith LLP has bolstered its Asset Management client offering with the hire of Tosin Adeyeri as a partner in the Funds group, further strengthening its expertise in private funds formation and secondaries work.]]></description>
                        <pubDate>
                            Wed, 02 Aug 2023 14:21:19 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-bolsters-asset-management-offering-with-strategic-funds-partner-hire/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-bolsters-asset-management-offering-with-strategic-funds-partner-hire/</guid>
            </item>
            <item>
                <title>Talking Secondaries - NAV facilities</title>
                    <description><![CDATA[In the fifth instalment of our Talking. Secondaries. series, we examine NAV facilities, an increasingly popular form of fund level borrowing against the net asset value of the portfolio. We look at some of the important structuring considerations as well as explore the key economic terms and negotiation points.]]></description>
                        <pubDate>
                            Mon, 31 Jul 2023 10:47:28 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-nav-facilities/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-nav-facilities/</guid>
            </item>
            <item>
                <title>The EU Foreign Subsidies Regulation update: how the new implementation rules will impact private equity deals</title>
                    <description><![CDATA[Whilst the EU Foreign Subsidies Regulation (&quot;FSR&quot;) came into force back in January 2023, the long awaited Implementing Regulation (&quot;IR&quot;) now provides key guidance on how the M&amp;A reporting regime will operate in practice.]]></description>
                        <pubDate>
                            Wed, 19 Jul 2023 13:51:32 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-eu-foreign-subsidies-regulation-update-how-the-new-implementation-rules-will-impact-private-equity-deals/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-eu-foreign-subsidies-regulation-update-how-the-new-implementation-rules-will-impact-private-equity-deals/</guid>
            </item>
            <item>
                <title>Financial Services and Markets Act 2023: Building a Smarter Regulatory Framework in the UK?</title>
                    <description><![CDATA[In this briefing we consider the key points of the new Financial Services and Markets Act 2023 which received Royal Assent on 29 June 2023.]]></description>
                        <pubDate>
                            Fri, 14 Jul 2023 15:03:04 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-and-markets-act-2023-building-a-smarter-regulatory-framework-in-the-uk/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-and-markets-act-2023-building-a-smarter-regulatory-framework-in-the-uk/</guid>
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            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: ILPA guidance on GP-leds</title>
                    <description><![CDATA[In this week&#x27;s issue of Alternative Insights, we are looking at the latest ILPA guidelines on the use of continuation funds.]]></description>
                        <pubDate>
                            Fri, 07 Jul 2023 10:19:31 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-ilpa-guidance-on-gp-leds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-ilpa-guidance-on-gp-leds/</guid>
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            </item>
            <item>
                <title>Real Estate Tax Checklist - June 2023</title>
                    <description><![CDATA[After a (relatively) quiet start to 2023 from the perspective of tax developments relating to the real estate sector, the Spring Budget and April&#x27;s Tax Administration and Maintenance Day (TAAMD) saw the announcement of several important measures and consultations. Several of these relate to real estate funds and stem from the government&#x27;s ongoing review of the UK fund landscape, such as the publication of a consultation on the possible introduction of a new form of onshore contractual fund. H...]]></description>
                        <pubDate>
                            Wed, 21 Jun 2023 13:14:35 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/real-estate-tax-checklist-june-2023/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/real-estate-tax-checklist-june-2023/</guid>
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            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Retailisation: the evolving European regulatory environment</title>
                    <description><![CDATA[This week we are looking at the evolution of retail fund regulation in the EU &#x2013; and its impact on private markets firms.]]></description>
                        <pubDate>
                            Fri, 09 Jun 2023 11:01:34 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation-the-evolving-european-regulatory-environment/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation-the-evolving-european-regulatory-environment/</guid>
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            </item>
            <item>
                <title>Travers Smith&#x27;s asset management team win twice at The Drawdown Awards 2023</title>
                    <description><![CDATA[Travers Smith&#x27;s asset management team won awards for its expertise in both Fund Finance and Tax at the annual Drawdown Awards yesterday evening - reflecting that the team continues to lead in its tactical and technical advice to the industry.]]></description>
                        <pubDate>
                            Thu, 08 Jun 2023 14:35:00 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-asset-management-team-win-twice-at-the-drawdown-awards-2023/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-asset-management-team-win-twice-at-the-drawdown-awards-2023/</guid>
            </item>
            <item>
                <title>Talking Secondaries - New ILPA Guidelines on Continuation Funds</title>
                    <description><![CDATA[In the fourth instalment of our Talking. Secondaries. series, we set out some of the key points from the new ILPA guidance which is intended to help encourage deal processes and structures which support the general principles that: (a) CF deals should maximise value for existing LPs; and (b) Rolling LPs should be no worse off than if the transaction had not occurred.]]></description>
                        <pubDate>
                            Fri, 02 Jun 2023 10:46:14 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-new-ilpa-guidelines-on-continuation-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-new-ilpa-guidelines-on-continuation-funds/</guid>
            </item>
            <item>
                <title>Travers Smith LLP advises abrdn Private Equity on the secondary sale of part of its interests in Action</title>
                    <description><![CDATA[Travers Smith LLP has advised longstanding client abrdn on a LP-led secondary transaction involving the sale of part of its interests in a 3i managed co-investment fund which holds Action to certain third party buyers.]]></description>
                        <pubDate>
                            Wed, 17 May 2023 08:45:42 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-llp-advises-abrdn-private-equity-on-the-secondary-sale-of-part-of-its-interests-in-action/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-llp-advises-abrdn-private-equity-on-the-secondary-sale-of-part-of-its-interests-in-action/</guid>
            </item>
            <item>
                <title>Talking Secondaries - Continuation funds</title>
                    <description><![CDATA[In the third instalment of our Talking. Secondaries. series, we examine a continuation fund, a vehicle capitalised by a secondary buyer and managed by the existing GP acquiring one or more assets from the existing fund.&#xD;&#xA;&#xD;&#xA;We explore the rationale for using such a vehicle, what the process entails and the key considerations to be taken into account.]]></description>
                        <pubDate>
                            Thu, 11 May 2023 08:17:51 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-continuation-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-continuation-funds/</guid>
            </item>
            <item>
                <title>Qualifying Asset Holding Company Regime (QAHC)</title>
                    <description><![CDATA[The UK has introduced a key change in it&#x27;s tax strategy with a new tax-efficient vehicle, the Qualifying Asset Holding Company (QAHC). This briefing looks at the regime which is aimed to bolster UK&#x27;s attractiveness in asset management sector.]]></description>
                        <pubDate>
                            Wed, 10 May 2023 11:49:26 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/qualifying-asset-holding-company-regime-qahc/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/qualifying-asset-holding-company-regime-qahc/</guid>
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            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: UK competition law</title>
                    <description><![CDATA[In this week&#x27;s Alternative Insights, we are looking at the role of regulators in M&amp;A transactions.]]></description>
                        <pubDate>
                            Fri, 05 May 2023 14:43:31 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-uk-competition-law/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-uk-competition-law/</guid>
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            </item>
            <item>
                <title>Talking Secondaries - Single fund interest/portfolio sale</title>
                    <description><![CDATA[In the second instalment of our Talking. Secondaries. series, we examine a single fund interest/portfolio sale, typically the simplest form of secondary structuring. We outline the key items to consider as well as any potential advantages or disadvantages of such transactions.]]></description>
                        <pubDate>
                            Thu, 27 Apr 2023 08:18:44 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-single-fund-interestportfolio-sale/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-single-fund-interestportfolio-sale/</guid>
            </item>
            <item>
                <title>Talking Secondaries - What&#x27;s in your structuring toolkit?</title>
                    <description><![CDATA[In the first instalment of our Talking. Secondaries. series, we outline the different motivations at play in the secondaries market as well as the structuring options that are available. Future instalments will take a deeper dive into these different structuring options and assess their key features, advantages and disadvantages.&#xD;&#xA;&#xD;&#xA;Our new series will seek to demystify the secondaries and synthetic secondaries markets and provide insights into the variety of tools available to GPs when looki...]]></description>
                        <pubDate>
                            Mon, 03 Apr 2023 10:41:52 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-whats-in-your-structuring-toolkit/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/talking-secondaries-whats-in-your-structuring-toolkit/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: EU foreign subsidy rules and private equity deals</title>
                    <description><![CDATA[In this week&#x27;s issue of Alternative Insights, we are looking at the impact of the EU&#x27;s new foreign subsidies regulation on private equity deals.]]></description>
                        <pubDate>
                            Fri, 24 Mar 2023 09:47:23 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-eu-foreign-subsidy-rules-and-private-equity-deals/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-eu-foreign-subsidy-rules-and-private-equity-deals/</guid>
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            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Retailisation</title>
                    <description><![CDATA[In this week&#x27;s issue of Travers Smith&#x27;s Alternative Insights, we are looking at developments in retailisation in private markets. In particular, we consider the future of the ELTIF, and discuss some emerging European Commission proposals to enhance protections for retail investors.]]></description>
                        <pubDate>
                            Fri, 10 Mar 2023 09:50:48 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-retailisation/</guid>
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            </item>
            <item>
                <title>Chambers Global Practice Guides: Investment Funds 2023</title>
                    <description><![CDATA[Funds partner, Sam Kay, and Tax partner, Elena Rowlands, have featured in the latest Chambers Global Practice Guides, giving an overview of the investment fund market and discussing alternative investment funds, retail funds and the recent developments relating to legal, regulatory and tax changes.]]></description>
                        <pubDate>
                            Wed, 01 Mar 2023 13:35:59 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/chambers-global-practice-guides-investment-funds-2023/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/chambers-global-practice-guides-investment-funds-2023/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Insights &#x27;23</title>
                    <description><![CDATA[Earlier this week, we launched our annual publication, Insights &#x27;23, at an event in London. It was an opportunity to look ahead to what the rest of this year holds for alternative asset managers in the context of three dominant themes: GP-led liquidity, the retailisation of private markets, and sustainability and greenwashing.]]></description>
                        <pubDate>
                            Fri, 10 Feb 2023 09:52:48 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-insights-23/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-insights-23/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6498/data-under-magnifying-glass-extra.png" length="56919" type="image/png" />
            </item>
            <item>
                <title>Energy Savings Opportunity Scheme Strengthening &#x2013; An Overview of Key Changes to Phase 3</title>
                        <pubDate>
                            Fri, 03 Feb 2023 12:42:17 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/energy-savings-opportunity-scheme-strengthening-an-overview-of-key-changes-to-phase-3/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/energy-savings-opportunity-scheme-strengthening-an-overview-of-key-changes-to-phase-3/</guid>
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            </item>
            <item>
                <title>Tax Journal Issue 1602: Consultation on the VAT treatment of fund management services</title>
                    <description><![CDATA[Travers Smith&#x27;s Head of Asset Management, Emily Clark and Tax Knowledge Counsel, Ian Zeider have written an article in a recent edition of Tax Journal, discussing the government consultation on the VAT treatment of fund management services.]]></description>
                        <pubDate>
                            Wed, 01 Feb 2023 13:44:26 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1602-consultation-on-the-vat-treatment-of-fund-management-services/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1602-consultation-on-the-vat-treatment-of-fund-management-services/</guid>
            </item>
            <item>
                <title>Private Equity International: Democracy in action</title>
                    <description><![CDATA[Funds Partner Will Normand and Senior Counsel Leigh Stockey have featured in the latest edition of Private Equity International&#x27;s Democratisation Report. In their keynote interview, Will and Leigh discuss the current status of the market and the likely evolution of the sector.]]></description>
                        <pubDate>
                            Wed, 01 Feb 2023 10:45:26 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-democracy-in-action/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-democracy-in-action/</guid>
            </item>
            <item>
                <title>Financial Services Regulation 2023 - New Year briefing</title>
                        <pubDate>
                            Fri, 06 Jan 2023 16:43:24 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-regulation-2023-new-year-briefing/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/financial-services-regulation-2023-new-year-briefing/</guid>
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            </item>
            <item>
                <title>Edinburgh Reforms: VAT treatment of fund management services</title>
                    <description><![CDATA[The Chancellor has today announced the Edinburgh Reforms, a package of measures designed to drive growth and competitiveness in the financial services sector. You can read our summary here.  The main focus is regulatory reform, but the package includes some tax measures, key of which is the long-awaited consultation on the VAT treatment of fund management services.]]></description>
                        <pubDate>
                            Fri, 09 Dec 2022 17:08:19 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/edinburgh-reforms-vat-treatment-of-fund-management-services/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/edinburgh-reforms-vat-treatment-of-fund-management-services/</guid>
            </item>
            <item>
                <title>FCA consultation on new UK sustainability disclosure regime and investment labels</title>
                    <description><![CDATA[Having previously been expected earlier this year, the FCA has now published its consultation paper on the proposed new sustainability disclosure requirements (SDR) regime and a set of consumer-friendly sustainability labels. This is, in effect, the UK&#x27;s answer to the EU Sustainable Finance Disclosure Regulation (EU SFDR), although the proposed UK regime goes further in terms of having formal product labels and is bolstered by rules already in force that require many firms to report climate-r...]]></description>
                        <pubDate>
                            Mon, 31 Oct 2022 14:37:24 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/fca-consultation-on-new-uk-sustainability-disclosure-regime-and-investment-labels/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/fca-consultation-on-new-uk-sustainability-disclosure-regime-and-investment-labels/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6836/environment-bulb-transparent.png" length="28255" type="image/png" />
            </item>
            <item>
                <title>Financier Worldwide: Navigating conflicts of interest in the GP-led secondary market</title>
                    <description><![CDATA[Funds and Secondaries Partner Ed Ford has written a special report article for Financier Worldwide, examining the conflicts of interest in the GP-led secondary market.]]></description>
                        <pubDate>
                            Mon, 24 Oct 2022 09:09:56 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/financier-worldwide-navigating-conflicts-of-interest-in-the-gp-led-secondary-market/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/financier-worldwide-navigating-conflicts-of-interest-in-the-gp-led-secondary-market/</guid>
            </item>
            <item>
                <title>Travers Smith&#x27;s Sustainability Insights: Tax and ESG in private markets</title>
                    <description><![CDATA[It has become clear in recent years that tax is an ESG topic.  The UN has said that taxes play a vital role in achieving the Sustainable Development Goals and public reporting of tax practices is increasingly expected by sustainability-conscious investors.]]></description>
                        <pubDate>
                            Fri, 21 Oct 2022 10:27:46 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-tax-and-esg-in-private-markets/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-tax-and-esg-in-private-markets/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6005/sustainable-business-hub-at-a-glance-corporate-governance.png" length="5133" type="image/png" />
            </item>
            <item>
                <title>Travers Smith&#x27;s Alternative Insights: Carried interest and continuation funds</title>
                    <description><![CDATA[Continuation funds offer investors a choice: take liquidity if you need it, or retain exposure to assets with further potential upside.]]></description>
                        <pubDate>
                            Fri, 07 Oct 2022 09:40:28 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-carried-interest-and-continuation-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-carried-interest-and-continuation-funds/</guid>
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            </item>
            <item>
                <title>Tax Journal Issue 1586: UK implementation of Pillar Two: where are we now?</title>
                    <description><![CDATA[Travers Smith Tax Partners Jessica Kemp and Elena Rowlands, and Knowledge Counsel Laura Hodgson have written an article in the latest edition of Tax Journal, examining the UK implementation of BEPS Pillar Two.]]></description>
                        <pubDate>
                            Thu, 15 Sep 2022 09:01:26 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1586-uk-implementation-of-pillar-two-where-are-we-now/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1586-uk-implementation-of-pillar-two-where-are-we-now/</guid>
            </item>
            <item>
                <title>The new FCA Consumer Duty: a higher standard, better culture and good outcomes</title>
                    <description><![CDATA[On 8 July 2022, the Court of Appeal handed down its long-awaited judgment in the Municipio De Mariana group litigation claim, granting permission for some 200,000 Brazilian claimants to pursue in the UK their group action for damages caused by the collapse of the Fund&#xE3;o Dam in Brazil in 2015.]]></description>
                        <pubDate>
                            Wed, 14 Sep 2022 12:26:50 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-new-fca-consumer-duty-a-higher-standard-better-culture-and-good-outcomes/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-new-fca-consumer-duty-a-higher-standard-better-culture-and-good-outcomes/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/4602/newsroom-2-gold-turquoise-prussian-blue-hero-inline.png" length="12312" type="image/png" />
            </item>
            <item>
                <title>Travers Smith announces Emily Clark as Head of Asset Management</title>
                    <description><![CDATA[Travers Smith LLP is delighted to announce the appointment of Emily Clark as Head of Asset Management, focusing on driving one of the firm&#x27;s core areas of focus.]]></description>
                        <pubDate>
                            Thu, 08 Sep 2022 09:50:56 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-announces-emily-clark-as-head-of-asset-management/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/travers-smith-announces-emily-clark-as-head-of-asset-management/</guid>
            </item>
            <item>
                <title>Private Equity International: Growing sophistication in a maturing market</title>
                    <description><![CDATA[Funds and Secondaries Partners Ed Ford and Sacha Gofton-Salmond have featured in the latest edition of Private Equity International&#x27;s Secondaries Report discussing the current macroeconomic conditions impacting the secondaries market and the key considerations for LPs looking to access liquidity.]]></description>
                        <pubDate>
                            Thu, 01 Sep 2022 13:15:14 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-growing-sophistication-in-a-maturing-market/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-growing-sophistication-in-a-maturing-market/</guid>
            </item>
            <item>
                <title>Professional Investor: The evolution of the GP-led market</title>
                    <description><![CDATA[Funds and Secondaries Partner Sacha Gofton-Salmond and Finance Partner Katie McMenamin have produced an article for Professional Investor discussing the evolution of the GP-led market. You can read the full article below.]]></description>
                        <pubDate>
                            Wed, 17 Aug 2022 10:00:09 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/professional-investor-the-evolution-of-the-gp-led-market/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/professional-investor-the-evolution-of-the-gp-led-market/</guid>
            </item>
            <item>
                <title>The Government&#x27;s next steps in the reform of the private rental sector, and the end of the assured shorthold tenancy</title>
                    <description><![CDATA[The Government&#x27;s 2017 white paper &quot;Fixing our broken housing market&quot; contained a number of proposals for improving the private rental sector (&quot;PRS&quot;) for renters.&#xA0; In the 6 weeks since the Queen&#x27;s Speech in May this year, there have been indications that some of these ideas will be taken forwards, including: changes in the way that &quot;contractual controls&quot; are registered at HM Land Registry, the introduction of minimum standards for housing in the PRS, and the abolition of both the section 21 me...]]></description>
                        <pubDate>
                            Tue, 05 Jul 2022 15:43:10 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-governments-next-steps-in-the-reform-of-the-private-rental-sector-and-the-end-of-the-assured-shorthold-tenancy/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-governments-next-steps-in-the-reform-of-the-private-rental-sector-and-the-end-of-the-assured-shorthold-tenancy/</guid>
            </item>
            <item>
                <title>HMRC provides comfort to credit funds (and others) on scope of trading prohibition for QAHCs</title>
                    <description><![CDATA[In April, the UK introduced a new tax privileged regime for qualifying asset holding companies (QAHCs). However, many in the industry felt that the original guidance on the regime published by HMRC did not provide sufficient clarity as to when the activities of an asset holding company (AHC) would constitute a trade.]]></description>
                        <pubDate>
                            Fri, 10 Jun 2022 10:38:41 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/hmrc-provides-comfort-to-credit-funds-and-others-on-scope-of-trading-prohibition-for-qahcs/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/hmrc-provides-comfort-to-credit-funds-and-others-on-scope-of-trading-prohibition-for-qahcs/</guid>
            </item>
            <item>
                <title>Private Equity International: Transparency extends to tax as PE evolves</title>
                        <pubDate>
                            Tue, 03 May 2022 15:26:13 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-transparency-extends-to-tax-as-pe-evolves/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-transparency-extends-to-tax-as-pe-evolves/</guid>
            </item>
            <item>
                <title>Private Equity International: The effect of regulatory change on the fundraising market</title>
                    <description><![CDATA[Funds partners Sam Kay and Will Normand have featured in the latest edition of Private Equity International discussing the effect of regulatory change on the fundraising market. You can read the full keynote interview below.]]></description>
                        <pubDate>
                            Fri, 01 Apr 2022 15:35:40 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-the-effect-of-regulatory-change-on-the-fundraising-market/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-the-effect-of-regulatory-change-on-the-fundraising-market/</guid>
            </item>
            <item>
                <title>Real Estate Tax Checklist - March 2022</title>
                    <description><![CDATA[It is certainly a busy time for those in the real estate sector with an interest in tax matters. Next month (April) sees the introduction of the residential property developer tax (RPDT), changes to the REIT rules and the introduction of the qualifying asset holding company (QAHC) regime. In addition, the government&#x2019;s ongoing review of the UK funds regime looks set to generate further reforms relevant to real estate, as do various international initiatives (such as the EU&#x2019;s shell entity propo...]]></description>
                        <pubDate>
                            Fri, 18 Mar 2022 10:38:43 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/real-estate-tax-checklist-march-2022/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/real-estate-tax-checklist-march-2022/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/5496/building-tax.png" length="26796" type="image/png" />
            </item>
            <item>
                <title>Qualifying asset holding company regime and infrastructure investors</title>
                    <description><![CDATA[In a bid to bolster its attractiveness to the asset management sector, the UK is introducing a new tax efficient vehicle: the qualifying asset holding company (&#x201C;QAHC&#x201D;, pronounced &#x201C;quack&#x201D;). The elective regime will be introduced in April 2022 and, by providing a simplified basis of taxation and a host of generous tax benefits, should allow the UK to compete with Luxembourg and other competitor jurisdictions.]]></description>
                        <pubDate>
                            Mon, 14 Mar 2022 10:38:44 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/qualifying-asset-holding-company-regime-and-infrastructure-investors/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/qualifying-asset-holding-company-regime-and-infrastructure-investors/</guid>
            </item>
            <item>
                <title>Asset Management Tax Checklist - March 2022</title>
                    <description><![CDATA[There is a lot going on in the world of tax which will be of interest to those in the asset management sector. Relevant developments include international projects (such as the ongoing push to implement the OECD&#x2019;s Pillar One and Pillar Two proposals and the publication of the EU&#x2019;s shell entity proposals) but the domestic UK position should not be overlooked, with several exciting initiatives in train.]]></description>
                        <pubDate>
                            Fri, 11 Mar 2022 10:38:44 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-checklist-march-2022/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-checklist-march-2022/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/5496/building-tax.png" length="26796" type="image/png" />
            </item>
            <item>
                <title>Chambers Global Practice Guides: Investment Funds 2022</title>
                    <description><![CDATA[Funds partner, Sam Kay, and Tax partner, Elena Rowlands, have featured in the latest Chambers Global Practice Guides, giving an overview of the investment fund market and discussing alternative investment funds, retail funds and the recent developments relating to legal, regulatory and tax changes.]]></description>
                        <pubDate>
                            Thu, 03 Mar 2022 13:52:31 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/chambers-global-practice-guides-investment-funds-2022/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/chambers-global-practice-guides-investment-funds-2022/</guid>
            </item>
            <item>
                <title>Tax Journal Issue 1564: Early stage tax disputes: a practical guide</title>
                    <description><![CDATA[Travers Smith Tax Senior Associate&#xA0;Sophie Lloyd&#xA0;and Associate&#xA0;Rob Smith&#xA0;have written an article in a recent edition of Tax Journal, providing a practical guide on early stage tax disputes with HMRC.]]></description>
                        <pubDate>
                            Tue, 01 Mar 2022 13:58:58 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1564-early-stage-tax-disputes-a-practical-guide/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1564-early-stage-tax-disputes-a-practical-guide/</guid>
            </item>
            <item>
                <title>Government publishes next steps in review of UK funds regime</title>
                    <description><![CDATA[For nearly two years the government has been conducting a review of the UK funds regime (the Review) with the aim of making the UK a more attractive location to set up, manage and administer funds and to support a wider range of more efficient investments better suited to investor needs.]]></description>
                        <pubDate>
                            Tue, 22 Feb 2022 10:38:45 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/government-publishes-next-steps-in-review-of-uk-funds-regime/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/government-publishes-next-steps-in-review-of-uk-funds-regime/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/4578/newsroom-hero-inline.png" length="17239" type="image/png" />
            </item>
            <item>
                <title>Tax Journal Issue 1563: &#x27;Am I a shell?&#x27; - The new question facing EU entities</title>
                    <description><![CDATA[Tax Knowledge Counsel Laura Hodgson has written an article in a recent edition of Tax Journal, discussing the new EU draft directive (ATAD 3) and how it could subject EU entities to additional reporting and adverse tax consequences.]]></description>
                        <pubDate>
                            Mon, 21 Feb 2022 13:58:56 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1563-am-i-a-shell-the-new-question-facing-eu-entities/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1563-am-i-a-shell-the-new-question-facing-eu-entities/</guid>
            </item>
            <item>
                <title>Scanning the Real Estate horizon: Out with the old, in with the new</title>
                    <description><![CDATA[In this briefing we look at 12 of the changes to law and practice that are likely to impact on the real estate sector in 2022.]]></description>
                        <pubDate>
                            Tue, 11 Jan 2022 10:38:46 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/scanning-the-real-estate-horizon-out-with-the-old-in-with-the-new/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/scanning-the-real-estate-horizon-out-with-the-old-in-with-the-new/</guid>
            </item>
            <item>
                <title>Private Equity International: Europe&#x27;s competitive edge</title>
                    <description><![CDATA[Private Equity &amp; Financial Sponsors Partner, James Renahan, took part in Private Equity International&#x27;s recent European mid-market roundtable discussing the pace of European private equity dealmaking.]]></description>
                        <pubDate>
                            Thu, 02 Dec 2021 13:58:34 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-europes-competitive-edge/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-europes-competitive-edge/</guid>
            </item>
            <item>
                <title>REIT reform &#x2013; some helpful changes to the draft legislation</title>
                    <description><![CDATA[As part of the government&#x27;s review of the UK&#x27;s fund regime, and its wider efforts to enhance the UK&#x27;s attractiveness to asset managers and investment funds, a number of changes are to be made to the UK&#x27;s REIT regime with effect from 1 April 2022. Further changes to the REIT rules are likely to follow further down the line as the review progresses.]]></description>
                        <pubDate>
                            Fri, 19 Nov 2021 13:58:30 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/reit-reform-some-helpful-changes-to-the-draft-legislation/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/reit-reform-some-helpful-changes-to-the-draft-legislation/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6798/tax-facts-standard-01.png" length="14365" type="image/png" />
            </item>
            <item>
                <title>Private Equity International: How GPs are moving the needle on DE&amp;I</title>
                    <description><![CDATA[Travers Smith has sponsored the inaugural Private Equity International Women in Private Funds report.]]></description>
                        <pubDate>
                            Mon, 05 Jul 2021 13:47:46 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-how-gps-are-moving-the-needle-on-dei/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-how-gps-are-moving-the-needle-on-dei/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6921/people-polos-minimal-01.png" length="20283" type="image/png" />
            </item>
            <item>
                <title>UK FCA proposes public, investor-facing, climate-related disclosures by asset managers from 2023</title>
                    <description><![CDATA[On 22 June 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper (CP 21/17) concerning its proposals for climate-related disclosures by asset managers, insurers and FCA-regulated pension providers towards investors, with the first disclosures to be made by 30 June 2023.]]></description>
                        <pubDate>
                            Wed, 23 Jun 2021 10:52:18 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/uk-fca-proposes-public-investor-facing-climate-related-disclosures-by-asset-managers-from-2023/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/uk-fca-proposes-public-investor-facing-climate-related-disclosures-by-asset-managers-from-2023/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6010/sustainable-business-hub-esg-hero.png" length="8365" type="image/png" />
            </item>
            <item>
                <title>The unfinished business of Brexit: what still needs doing and how long will it take?</title>
                    <description><![CDATA[In 2019, UK voters were promised that there was a plan to &quot;get Brexit done&quot;, so that we could all move on &#x2013; and businesses could invest against a background of greater certainty. Whilst considerable progress has been made towards those goals, there remains a significant amount of unfinished business and uncertainty in key areas.]]></description>
                        <pubDate>
                            Tue, 06 Apr 2021 14:52:14 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-unfinished-business-of-brexit-what-still-needs-doing-and-how-long-will-it-take/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/the-unfinished-business-of-brexit-what-still-needs-doing-and-how-long-will-it-take/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6851/brexit-uk-eu-signpost.png" length="10234" type="image/png" />
            </item>
            <item>
                <title>Private Equity International: GPs turn to creative solutions to support new funds</title>
                    <description><![CDATA[Funds partner, Sam Kay has featured in Private Equity International discussing]]></description>
                        <pubDate>
                            Thu, 01 Apr 2021 13:46:00 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-gps-turn-to-creative-solutions-to-support-new-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-gps-turn-to-creative-solutions-to-support-new-funds/</guid>
            </item>
            <item>
                <title>Changes coming down the track for alternative asset managers</title>
                    <description><![CDATA[To help you keep on top of legal developments relevant to alternative asset managers, we have created a checklist that pulls the key ones together. Our checklist highlights each development, providing a brief description and setting out the next steps. We hope that you find it useful.]]></description>
                        <pubDate>
                            Wed, 24 Mar 2021 13:45:29 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/changes-coming-down-the-track-for-alternative-asset-managers/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/changes-coming-down-the-track-for-alternative-asset-managers/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6819/data-and-graph.png" length="30954" type="image/png" />
            </item>
            <item>
                <title>Finance Bill: hybrids rules to be relaxed for transparent funds</title>
                    <description><![CDATA[In 2017 the UK introduced rules counteracting hybrid mismatches (the Regime).]]></description>
                        <pubDate>
                            Tue, 23 Mar 2021 13:57:19 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/finance-bill-hybrids-rules-to-be-relaxed-for-transparent-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/finance-bill-hybrids-rules-to-be-relaxed-for-transparent-funds/</guid>
            </item>
            <item>
                <title>Private Equity International: Concentrated deals gather pace</title>
                    <description><![CDATA[Funds partner, Sam Kay, and senior associate, Ed Ford have featured in Private Equity International discussing the opportunities and challenges presented by the growing appetite for recapitalisations of small numbers of high-performing assets.]]></description>
                        <pubDate>
                            Wed, 03 Mar 2021 13:58:28 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-concentrated-deals-gather-pace/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/private-equity-international-concentrated-deals-gather-pace/</guid>
            </item>
            <item>
                <title>Changes to the &quot;hybrid&quot; anti-avoidance rules</title>
                    <description><![CDATA[In November last year the government announced proposals to significantly amend the UK&#x27;s anti-avoidance regime targeting hybrid and other mismatches (the November Proposals).]]></description>
                        <pubDate>
                            Wed, 03 Mar 2021 13:57:13 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/budget-2021-changes-to-the-hybrid-anti-avoidance-rules/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/budget-2021-changes-to-the-hybrid-anti-avoidance-rules/</guid>
            </item>
            <item>
                <title>Asset management measures</title>
                    <description><![CDATA[Although the Budget is light on tax measures which specifically relate to asset management, the funds industry will welcome the continued economic support for businesses suffering due to the Covid-19 pandemic and the longer term measures aiming to stimulate business investment.]]></description>
                        <pubDate>
                            Wed, 03 Mar 2021 13:57:13 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/budget-2021-asset-management-measures/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/budget-2021-asset-management-measures/</guid>
            </item>
            <item>
                <title>Tax Journal Issue 1517: UK asset holding company proposals &#x2013; a truly competitive regime?</title>
                    <description><![CDATA[Tax partner Elena Rowlands, Consultant Cathryn Vanderspar and Knowledge Counsel Ian Zeider have featured as the lead article in the latest version of Tax Journal with their article &#x27;The UK asset holding company regime: what&#x2019;s proposed&#x27;.]]></description>
                        <pubDate>
                            Mon, 08 Feb 2021 13:57:01 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1517-uk-asset-holding-company-proposals-a-truly-competitive-regime/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/tax-journal-issue-1517-uk-asset-holding-company-proposals-a-truly-competitive-regime/</guid>
            </item>
            <item>
                <title>Retailisation of alternative investment strategies</title>
                    <description><![CDATA[The announcement earlier this year that ordinary savers in the United States would be able to invest in private equity&#xD;&#xA;funds through their employer-sponsored retirement accounts represents a significant victory for the alternative&#xD;&#xA;investment management industry.]]></description>
                        <pubDate>
                            Tue, 15 Dec 2020 13:56:45 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/retailisation-of-alternative-investment-strategies/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/retailisation-of-alternative-investment-strategies/</guid>
                        <thumbnail url="http://www.traverssmith.com/media/6494/end-game-planning-standard_artboard-1.png" length="55994" type="image/png" />
            </item>
            <item>
                <title>Asset Management Tax Checklist</title>
                    <description><![CDATA[Whilst the Covid-19 pandemic and continuing uncertainty over the nature of the UK&#x2019;s relationship with the EU post-Brexit have dominated the political and economic agenda in recent times, there have been a number of important tax developments that asset managers should have on their radar as we approach the end of 2020.]]></description>
                        <pubDate>
                            Thu, 29 Oct 2020 13:56:27 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-checklist/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-checklist/</guid>
            </item>
            <item>
                <title>A blueprint for a bright future: The UK Alternatives Asset Management Industry Framework</title>
                    <description><![CDATA[We believe it is of paramount importance to protect and develop the alternatives asset management industry in the UK following our exit from the EU in order to maintain the UK&#x27;s status as a world leader in the sector and to ensure that the wider economy continues to benefit from the deployment of global capital across alternatives asset classes by UK based managers.]]></description>
                        <pubDate>
                            Tue, 29 Sep 2020 13:43:17 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/a-blueprint-for-a-bright-future-the-uk-alternatives-asset-management-industry-framework/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/a-blueprint-for-a-bright-future-the-uk-alternatives-asset-management-industry-framework/</guid>
            </item>
            <item>
                <title>Asset Management Toolkit: COVID-19 Response</title>
                    <description><![CDATA[The global COVID-19 pandemic is an unprecedented situation that will have a long-term impact on the asset management industry.]]></description>
                        <pubDate>
                            Thu, 07 May 2020 13:55:37 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-toolkit-covid-19-response/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-toolkit-covid-19-response/</guid>
            </item>
            <item>
                <title>Asset management tax: what to know for the new autumn term</title>
                    <description><![CDATA[With Brexit dominating the summer news agenda, this briefing is a summary of tax developments that have arisen over the last couple of months.]]></description>
                        <pubDate>
                            Thu, 12 Sep 2019 13:53:50 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-what-to-know-for-the-new-autumn-term/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-what-to-know-for-the-new-autumn-term/</guid>
            </item>
            <item>
                <title>Taxing non-residents on UK property gains: the rules for funds</title>
                    <description><![CDATA[There is much for funds to be positive about in the latest draft of the rules taxing non-residents on gains from UK land.]]></description>
                        <pubDate>
                            Fri, 21 Dec 2018 13:52:03 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/taxing-non-residents-on-uk-property-gains-the-rules-for-funds/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/taxing-non-residents-on-uk-property-gains-the-rules-for-funds/</guid>
            </item>
            <item>
                <title>Responsible Investment: Time for Lawyers to Engage?</title>
                        <pubDate>
                            Fri, 30 Nov 2018 13:55:45 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/responsible-investment-time-for-lawyers-to-engage/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/responsible-investment-time-for-lawyers-to-engage/</guid>
            </item>
            <item>
                <title>Fund Manager Tax Checklist</title>
                    <description><![CDATA[The tax landscape for funds has never felt &#xD;&#xA;more complex and there is still more change &#xD;&#xA;to come.]]></description>
                        <pubDate>
                            Thu, 31 Aug 2017 10:36:01 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/fund-manager-tax-checklist/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/fund-manager-tax-checklist/</guid>
            </item>
            <item>
                <title>Reforms to Corporation Tax Loss Relief - Impact on UK General Partners</title>
                        <pubDate>
                            Wed, 30 Aug 2017 13:52:45 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/reforms-to-corporation-tax-loss-relief-impact-on-uk-general-partners/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/reforms-to-corporation-tax-loss-relief-impact-on-uk-general-partners/</guid>
            </item>
            <item>
                <title>Asset Management Tax: Summer reading</title>
                    <description><![CDATA[We thought that an update on asset management tax was due, not least because there are a number of key compliance deadlines coming up (dull, but they cannot be ignored).]]></description>
                        <pubDate>
                            Mon, 10 Jul 2017 13:52:45 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-summer-reading/</link>
                <guid>https://www.traverssmith.com/knowledge/knowledge-container/asset-management-tax-summer-reading/</guid>
            </item>
            <item>
                <title>FCA Asset Management Market Study &#x2013; Final report and consultation (Occupational pension scheme perspective)</title>
                        <pubDate>
                            Fri, 30 Jun 2017 13:52:46 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/fca-asset-management-market-study-final-report-and-consultation-occupational-pension-scheme-perspective/</link>
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            <item>
                <title>The UK Asset Management Industry &#x2013; Blueprint for a Bright Future</title>
                    <description><![CDATA[The election result has re-kindled debate over the Single Market, and sharpened the focus on achieving a Brexit outcome with positive effects on the UK economy.]]></description>
                        <pubDate>
                            Wed, 14 Jun 2017 13:54:28 &#x2B;0000
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                <link>https://www.traverssmith.com/knowledge/knowledge-container/the-uk-asset-management-industry-blueprint-for-a-bright-future/</link>
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            <item>
                <title>Investment Funds &#x2013; End of Summer Round-Up</title>
                        <pubDate>
                            Thu, 01 Sep 2016 13:52:48 &#x2B;0000
                        </pubDate>
                <link>https://www.traverssmith.com/knowledge/knowledge-container/investment-funds-end-of-summer-round-up/</link>
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