Alternative Investment Funds (AIFs)

Rules and best practice in relation to Alternative Investment Funds (AIFs) and Alternative Investment Fund Managers (AIFMs), including the Alternative Investment Fund Managers Directive (AIFMD) and delegated regulations, and marketing and cross-border distribution of funds.

8 Jan 2026 AIFs

IPEV publishes 2025 Valuation Guidelines

The IPEV Board has published the 2025 edition of the International Private Equity and Venture Capital Valuation Guidelines, which supersede the 2022 edition.

Valuation

4 Dec 2025 AIFs

The Danish Financial Supervisory Authority has published a new Q&A about the inclusion of leverage in the calculation of assets under management

The Q&A is issued to address uncertainties regarding the inclusion of leverage.

AIFMD Danish Regulation ESMA The Danish FSA

28 Oct 2025 AIFs

ESMA publishes draft Regulatory Technical Standards on open-ended loan-originating AIFs

ESMA has published the draft Regulatory Technical Standards (RTS) on open-ended loan-originating alternative investment funds (AIFs).

AIFMD ESMA Regulatory Technical Standards Risk Management

20 Oct 2025 AIFs

Proposal on Danish implementation of AIFMD II

The purpose of the amendments to the AIFM Act is to implement certain parts of the AIFM Directive II which entered into force on 15 April 2024.

AIFMD AIFMD review Cross-Border Danish Regulation

13 Jun 2025 AIFs Updates

Danish implementation of AIFMD II adopted

On 11 June 2025, the Danish Parliament adopted the bill (L 193B) for implementing the AIFM Directive II into Danish law.

AIFMD AIFMD review Cross-Border Danish Regulation Risk Management

20 May 2025 AIFs Updates

Proposal on Danish implementation of AIFMD II

On 9 April 2025, the Danish Government presented a proposal for amendments in the Danish financial regulation, including the Danish Alternative Investment Fund Managers (“AIFM”) Act.

AIFMD AIFMD review Cross-Border Danish Regulation Risk Management

2 May 2025 AIFs Updates

AIFMs: Marketing under increased regulatory focus

The Danish Financial Supervisory Authority (FSA) has published a thematic report on how managers of alternative investment funds and investment management companies market their investment funds.

KID / PRIIPS Marketing The Danish FSA

19 Dec 2024 AIFs Financial Regulation Updates

The Danish Financial Supervisory Authority publishes guiding statement on alternative investment fund managers’ inclusion of leverage in unlisted companies and issuers

On 17 December 2024, the Danish Financial Supervisory Authority (Danish FSA) published a guiding statement regarding the inclusion of leverage by alternative investment fund managers (AIFMs) in unlisted companies and issuers.

AIFMD Danish Regulation ESMA The Danish FSA

26 Nov 2024 AIFs

ESMA Initiates Data Collection on Investment Costs for AIFs and UCITS

On 14 November 2024, the European Securities and Markets Authority (“ESMA”) announced that ESMA, together with the national competent authorities, has launched a comprehensive data collection exercise focusing on the costs linked to investments in Alternative Investment Funds (“AIFs”) and Undertakings for the Collective Investment in Transferable Securities (“UCITS”).

AIFMD ESMA

2 Apr 2024 AIFs Updates

AIFMD 2.0 published in the OJEU

On 26 March 2024, directive 2024/927 amending the directives 2011/61/EU (AIFMD) and 2009/65/EC (UCITSD), also known as AIFMD 2.0, has been published in the EU Official Journal.

AIFMD Risk Management

21 Apr 2023 AIFs Updates

New rules on severance pay to managers of AIFMs adopted

On 18 April 2023, the Danish Parliament has adopted the proposal to amend the Danish financial regulation, including the Danish Alternative Investment Fund Managers Act.

Danish Regulation Disclosure Requirements Management Remuneration

8 Mar 2023 AIFs Updates

New rules on severance pay to members of the management of AIFMs

On 8 February 2023, the Danish Government presented a proposal for amendments in the Danish financial regulation, including the Danish Alternative Investment Fund Managers Act.

Danish Regulation Disclosure Requirements Management Remuneration

4 Jan 2022 AIFs Articles

The European Commission’s AIFMD Review is Out

AIFMD AIFMD review

20 Dec 2021 AIFs Updates

IPEV Board has Started Review Process for the IPEV Valuation Guidelines

The IPEV Board has started the 2021 review process for the IPEV Valuation Guidelines.

Valuation

15 Dec 2021 AIFs Financial Regulation Impact and ESG Updates

The Danish FSA: Significant Room for Improvement for SFDR Disclosures

The Danish FSA has assessed the quality of 4 pension companies and eight credit institutions' website disclosures with regards to information about their policies on the integration of sustainability risks in the investment decision-making process.

AIFMD Compliance Disclosure Requirements Sustainability

6 Dec 2021 AIFs EuVECA Updates

Danish FSA Clarifies New Pre-Marketing Rules

The pre-marketing rules provided by the Cross Border Directive was transposed into Danish law on 1 July 2021.

AIFMD Cross-Border Pre-Marketing

6 Dec 2021 AIFs Financial Regulation Impact and ESG Updates

Application of SFDR Level 2 Obligations Delayed (Again)

The European Commission has once again delayed the application of the level 2 obligations of the Sustainable Finance Disclosure Regulation (SFDR) until January 2023.

AIFMD Compliance Disclosure Requirements Sustainability

22 Oct 2021 AIFs EuVECA Updates

ESMA has Issued Guidelines on Marketing Communication

The guidelines apply to all marketing communication addressed to investors or potential investors for AIFs, including amongst others when they are set up as EuVECAs.

Cross-Border ESMA Marketing Pre-Marketing Venture Capital

8 Oct 2021 AIFs Updates

The EU Commission Contemplates Amendments to the Criteria Required to Qualify as a Professional Investor

The EU Commission has, as part of its strategy for retail investors, completed a consultation process that, among others, invited the industry to share its views on the existing professional investor categorization, including the introduction of a new category of professional investors, in MiFID II.

Marketing