FURTHER pressure is being put on EU members to make adjustments concerning third-party arrangements in the alternative investment fund managers directive.

The Emerging Markets Private Equity Association is seeking an amendment to the directive to allow emerging market fund managers to market their funds in the EU under a regime similar to the private placement one now in place.

Citing new research data from its latest survey, the global industry association has appealed to MEPs to ‘strongly consider’ voting against the directive in its current form because it will cause alternative investment funds in developing countries to lose access to funding from the EU market.

The EMPEA also warns that the directive as currently drafted would cause EU investors, including EU member development banks, to be limited in their ability to promote private sector growth in some of the world’s poorest countries.

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