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Reverse enquiry in the EEA – Beware of the pitfalls

03 July 2015

Of all the available routes for accessing investor capital in Europe in the new Alternative Investment Fund Managers Directive (AIFMD) world, reverse enquiry is probably the one receiving the most interest. At first glance, reverse enquiry appears appealing as it allows parties to raise funds without falling within the onerous scope of the AIFMD, but the reality is more complex.