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Fund formation and asset management

Fund managers and institutional investors face increasing challenges. These include:

  • Market volatility and global economic uncertainty
  • Rising inflation and interest rate fluctuation and their effects on costs
  • Greater regulatory and reporting obligations
  • The adoption of technology and using data in the race to remain competitive

Allen & Overy have a dedicated global fund formation and asset management group dedicated to finding innovative solutions to such complex problems. We lead the market, with a full-service offering that our fund manager and institutional investor clients find invaluable. We provide market-leading expertise combined with commercial sensibility, and as a result build long-standing relationships with our clients.

We have asset management, tax and regulatory professionals in the major financial centres. Our global coverage, local knowledge and responsiveness means we offer expertise in the key fund and asset management regions, with teams in the U.S., the UK, and Luxembourg. We have expanded our teams in the Middle East, Asia and Australia. We have strong relationships with law firms in the key offshore jurisdictions for the industry.

We support and advise clients on areas including:

  • Fund establishment across all the main asset classes, working with our sector experts, and covering both retail and alternative investment fund structures.
  • Drafting, negotiating and managing fund investments, IMAs, custody and prime brokerage agreements.
  • Putting in place regulatory compliance programmes for asset managers operating globally.
  • Managing corporate and financing transactions involving asset managers, underlying assets and fund transfers, and dealing with distressed investments and restructuring.
  • Working with lenders, borrowers and sponsors at all levels of Private Credit capital structures.

Women's History Month 2023

Women in Funds

For decades, Women’s History Month has been a time to reflect on women’s contribution to contemporary society. It celebrates what women can achieve, both individually and by supporting each other. 


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aosphere makes the complex simple and useful.

We provide an online subscription reports service for legal and compliance teams who want to understand cross-border risks in real time. We transform detailed, multi-jurisdictional information into simple, user-friendly formats. This provides instant and up-to-date answers to global regulatory and compliance challenges.

Great Fund Insights

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Great Fund Insights is a global resource providing practical insights into legal and regulatory developments affecting fund managers and institutional investors across Europe, Asia, Africa, the Middle East and the U.S. These insights are regularly updated by our global funds and asset management group to highlight the key trends in the alternative investment industry.

Download Financing the Economy 2021

Download the report to find out how direct lenders are integrating sustainability principles into their investment strategies.


News and insights

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Publications: 05 October 2023

Continuation funds provide valuable source of liquidity in uncertain markets

With assets hard to price, managers of closed-ended funds face a difficult choice when they reach their investment horizon. Here we explore the dynamics of one potential solution – continuation…

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Publications: 05 October 2023

Creative exit strategies drive higher returns for sponsors

With dual-tracks largely off the menu for the time being, we explore the risks and opportunities inherent in alternative exit strategies, including synthetic IPOs and sales with ‘stapled’ debt. 

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Publications: 06 July 2023

Middle Eastern sovereign wealth funds reshape global M&A terms

Flush with cash and increasingly sophisticated, Middle Eastern SWFs are investing across a broader range of assets and markets than ever before. But a landmark EU regulation presents challenges for…

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Publications: 06 July 2023

Public-to-private deals present a target for arbitrage funds

Investment bankers report more take-private deals as macro conditions supress equity prices. This is set to spark activity among arbitrage funds – particularly in markets with favourable regulatory…

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