Fund placement firm Greenstone Equity Partners has teamed up with aosphere, an affiliate of global law firm Allen & Overy, to provide compliance support for fund managers in the GCC.
The service is designed to promote regulatory-compliant capital raising in the region.
It is aimed at fund managers marketing funds and other private placement offerings in the GCC market.
Greenstone’s clients will be able to access aosphere’s Rulefinder service, which details the marketing restrictions for asset managers operating in the GCC.
Jeff Evans, managing director of Greenstone Equity Partners, said: “Throughout our 11 years in the region, we have learned that getting reliable legal analysis that breaks down the complex rules and regulations in the various GCC jurisdictions is a key challenge, as well as a substantial expense for fund managers and other distributors who market and offer funds and other private placement offerings to GCC-based investors.”
©2022 funds global mena