Invest Europe
Fund Structuring
Specialised courses
Live online classroom
•
17-18 Sep 2026
A detailed overview of the factors influencing the selection of specific private equity and venture capital fund structures.
Flyer
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What is it?
Invest Europe's Fund Structuring course aims to help private equity and venture capital professionals choose the right structure for their fund.
The following aspects will be covered:
Key objectives in structuring a private fund: how to go about delivering a structure that is tax neutral, flexible, and well understood by the market;
The main structures available: the pro's and cons' of limited partnerships, corporate and other fund structures; why are parallel funds and master-feeder structures used? How do you make the right choice between different vehicles in different jurisdictions? What are the marketing restrictions that apply to different structures?
Impact of the new regulatory landscape: does AIFMD mean it’s better to be onshore or offshore? Has it become harder to market to European LPs? Role of the depositary; Rules on remuneration of senior staff.
Impact of new tax requirements: recent changes affecting carried interest schemes as well as the impact on funds of changes targeting perceived tax avoidance.
Key fund terms: a look at the most important provisions of the limited partnership agreement from the perspective of both the GP and the LPs (including: key man protections, GP removal, early termination of the fund, role of the Advisory Committee, the distribution waterfall, claw back from LPs, claw back from the GP, management fees and fee offsets, transfers of LPs interests, indemnification, successor funds and co-investments).
Market trends: early bird and other fee discounts, so-called 'deal-by-deal' funds, no-fault LP rights, internalisation of operations and fee/expense disclosures.
Fundraising steps: teasers, PPMs, AIFMD disclosures, side letters (including 'most favoured nations' clauses) and closing process.
Venue
Programme
Speakers
Language
Fees, payment, and cancellation
This training course will take place online.
Thursday, 17 September
10:00 – 10:15 (CET) Introduction
10:15 – 11:20 (CET) The main structures available
Investor objectives
Manager objectives
Structural solutions
The Limited Partnership (UK, Lux, CI)
11:20 – 11:30 (CET) BREAK
11:30 – 12:30 (CET) Fundraising regulation and key documents
12:30 – 14:30 (CET) LUNCH BREAK
14:00 – 15:00 (CET) The main economic terms
The 2 and 20 model
Management fees and fee offsets
Sponsor/fund manager commitment
Distribution waterfall
Clawbacks
Reinvestment and recycling
15:00 – 15:10 (CET) BREAK
15:10 – 16:00 (CET) Key fund terms and market trends: a look at the most important provisions of the limited partnership agreement from the perspective of both the GP and the LPs and highlighting how the market is evolving:
Investor protection rights: key man protections; GP removal; early termination of the fund; successor funds
Terms relating to the operation of the fund: transfer rights; indemnification; the advisory committee
Trends: co-investment; disclosure; reporting templates
Friday, 18 September
09:00 – 10:00 (CET) Tax structuring of investment platforms
Main tax objective of investment funds and typical set-ups
10:00 – 10:10 (CET) BREAK
10:10 – 11:15 (CET) Tax structuring of investment platforms
Global tax context for investment funds: OECD initiatives (BEPS and MLI), EU directives and latest news on international taxation for investment funds
11:15 – 13:00 (CET) LUNCH BREAK
13:00 – 14:00 (CET) Regulatory and compliance issues
Remuneration rules
SFDR
Private equity provisions
PRIIPS
14:00 – 14:10 (CET) BREAK
14:10 – 15:10 (CET) Regulatory and compliance issues
ELTIF and ELTIF 2
AIFMD2
EUVECA
MIFID
To view the full speaker profiles, please click here
The working language of the course will be English.
Course Fee
Invest Europe Members: €930
Non-members: €1330
*21% VAT will be added to Belgium-based participants.
The above prices also include all material relating to this course.
Payment
Participants are requested to pay by bank transfer or credit card. Registrations sent after 17 August 2026 should be paid by credit card.
To avoid any confusion, participants are requested to indicate clearly their names and addresses on transfer orders. Confirmation of registration and practical information will be sent after the registration is processed.
Cancellation
Cancellations can only be accepted if received by 17 August 2026. Fees (less 20% administrative charges) will then be refunded. After this date, delegates will be liable for the full fee.
In case of cancellation, a substitution between members of the same company is still possible at any time.
