Ocorian: Alternative fund managers expect growth in all major European jurisdictions

Ocorian: Alternative fund managers expect growth in all major European jurisdictions

October 15, 2024

Alternative Investing Europe
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New research from Ocorian shows that North American fund managers are considering all European jurisdictions when it comes to fund administration, but it’s Luxembourg and Ireland which are currently most favoured and the most expected to achieve strong growth in the number of real asset funds serviced in the next five years.

The study with private equity, private debt, real estate, venture capital and infrastructure fund management executives in the US and Canada responsible for $1.591 trillion assets under management found the top three European jurisdictions currently being considered by North American fund managers are Luxembourg (53%), Ireland (45%) and Jersey (41%), followed by the UK (20%) and Guernsey (21%).

The top three reasons given by those selecting Ireland were its transparent tax regime (67%), cultural considerations and close ties to North America (53%) and the fact it was on a better time zone (53%). The top three reasons given by those selecting Luxembourg were because of its regulatory environment, which provides stability and investor protection (64%), the UCITs framework which allows funds to be marketed across Europe (55%) and its transparent tax regime (55%).

Ocorian’s study shows that growth is predicted across all of the major jurisdictions over the next five years, but again it’s Luxembourg and Ireland that are expected to have the highest increase in the number of real asset funds serviced over the next five years. Almost three out of four (73%) of those surveyed predict either strong growth or growth in these jurisdictions during this time period. This is followed by 68% predicting growth in Jersey, 56% predicting growth in Delaware and 49% predicting growth in Cayman Islands.

Ocorian’s study reveals that it’s Germany (41%) followed by France (32%), Italy (26%) and the Netherlands (26%) which are the top European countries that North American fund managers will look to deploy assets in over the next two years. Similarly, Germany (45%) is the top European country that North American fund managers will look to acquire assets in over the next two years. This is followed by France (39%), Finland (24%) and Denmark (24%).

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