The thresholds at which the two Alternative Investment Fund
Managers (AIFM) directive drafts introduce disclosure for
portfolio companies are different, as are the capital
requirements they impose on private equity. But neither is
The Parliament text proposes low thresholds that will
capture most companies controlled by Alternative Investment
Funds, excluding only those with fewer than 50 employees.
The Council text (based on the original Commission proposal)
sets three tests for disclosure, two of which companies must
meet to be excluded from requirements.
Disclosure can be avoided if a company...