Alternative Asset Management & Sustainability Insights

Travers Smith
  • 0.0 (0)
  • MANAGEMENT
  • UPDATED BIWEEKLY

A series of regular audio briefings for the alternative asset management industry.

  1. Travers Smith's Sustainability Insights: The UK's cautious roll out

    17H AGO

    Travers Smith's Sustainability Insights: The UK's cautious roll out

    In this week's issue of Travers Smith's Sustainability Insights, we are looking at the UK's rollout of sustainability disclosure standards. The EU's sustainability omnibus is finally passed: The European Union has finalised its dramatic reforms to sustainability reporting rules, hitting fewer private companies and relaxing several related obligations. The UK confirms a cautious roll out: The UK’s sustainability reporting standards have been finalised, but mandatory rules are being developed that focus on proportionality and cost-benefit analysis – with more news for large private companies expected later in 2026. Sustainability remains a priority for rule makers: Both the EU and UK remain committed to sustainability as a policy priority, but now openly discuss burdens for companies as well as benefits for society. Links: https://www.consilium.europa.eu/en/press/press-releases/2026/02/24/council-signs-off-simplification-of-sustainability-reporting-and-due-diligence-requirements-to-boost-eu-competitiveness/ https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-sustainability-reforms-lack-a-convincing-theory-of-change/ https://www.gov.uk/government/publications/uk-sustainability-reporting-standards-uk-srs-s1-and-uk-srs-s2 https://www.fmg.ac.uk/isf/publications/special-papers/do-climate-disclosure-mandates-help-decarbonise-economy https://www.traverssmith.com/people/simon-witney/ https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-why-less-might-be-more/ https://www.gov.uk/government/consultations/exposure-drafts-uk-sustainability-reporting-standards/outcome/government-response-to-the-consultation-on-uk-sustainability-reporting-standards-web-version#:~:text=a%20world%20leader%20for%20sustainable%20finance

    7 min
  2. Travers Smith's Alternative Insights: Unlocking private markets

    FEB 20

    Travers Smith's Alternative Insights: Unlocking private markets

    In this week's issue of Travers Smith's Alternative Insights, we are looking at UK regulator's client categorisation rules and their effect on firms looking to access individual investors. Wealthy individuals targeted: In Europe, policymakers and larger private fund managers are adapting rules and processes to attract more high-net-worth investors, while acknowledging that managing investor protection rules is essential. FCA aims to simplify categorisation: The UK's regulator is proposing a more flexible, judgment-based approach to opting up retail clients, replacing rigid thresholds but stressing the need for robust assessments and proper due diligence. Firms must maintain standards: As individual investors become more prevalent in private markets, compliance processes are essential – requiring significant investment but promising lasting value. Links: https://www.traverssmith.com/knowledge/knowledge-container/eu-retail-investment-directive-and-regulation/ https://url.uk.m.mimecastprotect.com/s/LnL0CQY4irXQXQFGHLIGkFHp?domain=sites-traverssmith.vuturevx.com https://www.ukprivatecapital.co.uk/static/dd01a037-6196-4184-87b43369579f1f87/260119-UK-Private-Capital-reponse-to-CP2536-Client-Cat-and-CoI-FINAL.pdf

    8 min
  3. Travers Smith's Sustainability Insights: Six fixes for SFDR 2.0

    FEB 6

    Travers Smith's Sustainability Insights: Six fixes for SFDR 2.0

    SFDR 2.0: Six fixes for private markets Current SFDR 2.0 proposals risk sidelining private funds—imposing impractical rules, stifling innovation, and missing the unique strengths of private capital. Is the EU about to bake greenhushing into law? What’s at stake for private funds? Proposals that overlook private markets: The draft framework applies retail-focused logic to all, missing how private markets operate. Ill-fitting rules could disrupt strategies and burden sponsors with unintended consequences.Limits on communication with professional investors: Preventing tailored ESG disclosure does more harm than good. Professional LPs want detail, transparency, and meaningful engagement on ESG strategy—yet current rules encourage silence instead.A missed opportunity for genuine engagement: Private equity influences sustainability through stewardship and direct ownership. Engagement should be central—not sidelined—to all fund categories.Operational impracticalities: Rules on exclusions and portfolio alignment don’t match the realities of investing in illiquid assets. Holding managers liable for market events out of their control is unworkable. Similarly, one-year compliance for funds-of-funds is unrealistic. What Needs to Change? Permit open ESG dialogue with professional investors—exempting such communications from the tightest restrictions.Recognise engagement as a core component of private fund ESG.Give managers practical leeway on exclusions and portfolio reporting, including time to adjust in fund-of-funds.Rethink fund labels. “ESG Basics” risks confusion and is, quite simply, not fit for purpose. Practical Takeaways: Now is the moment for asset managers to shape the rules: engage with policymakers, highlight the operational realities of the industry, and push for changes that reflect how private markets actually deliver sustainable impact.Start preparing for late 2027, but focus on influencing the detail today. How will you use your stakeholder voice as SFDR 2.0 moves forward? Links: https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-commissions-sfdr-proposal-fails-to-deliver-clarity/https://www.traverssmith.com/knowledge/knowledge-container/finalised-sfdr-20-proposals/

    6 min
  4. Travers Smith's Alternative Insights: More turbulence in the year ahead

    JAN 23

    Travers Smith's Alternative Insights: More turbulence in the year ahead

    This week we are taking a special look at the issues that will shape private capital in the year ahead. You can read our full analysis of those legal, regulatory and tax headwinds in our new publication Insights 26. Links: PEI Group data partner for growth Insights '26 the Corporate Sustainability Due Diligence Directive the Corporate Sustainability Due Diligence Directive securitisation regime harmonise trade reporting AIFMD II UK AIFMD client categorisation rules national security deal notification merger controls start, scale, and stay in the UK controversial proposal 401(k) investment into alternative assets EU AI Act Insights ’26

    6 min
  5. Travers Smith's Sustainability Insights: Sustainability reforms lack a convincing theory of change

    JAN 9

    Travers Smith's Sustainability Insights: Sustainability reforms lack a convincing theory of change

    In his week's issue of Travers Smith's Sustainability Insights, we are looking at the agreed reforms to the EU's sustainability disclosure rules. Links: our detailed briefing2021 impact assessment

    7 min
  6. Travers Smith's Alternative Insights: The Commission's SFDR proposal fails to deliver clarity

    12/12/2025

    Travers Smith's Alternative Insights: The Commission's SFDR proposal fails to deliver clarity

    In this week's issue of Travers Smith's Alternative Insights, we are looking at the Commission's SFDR proposal fails to deliver clarity. Links: https://www.traverssmith.com/knowledge/knowledge-container/finalised-sfdr-20-proposals/ https://www.traverssmith.com/knowledge/knowledge-container/possible-changes-to-the-eu-sfdr-the-european-commission-seeks-views/ https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-what-will-sfdr-20-look-like/

    10 min
  7. Travers Smith's Alternative Insights: The UK's budget

    11/28/2025

    Travers Smith's Alternative Insights: The UK's budget

    In this week's issue of Travers Smith's Alternative Insights, we are looking at the UK's strategy for private capital in the wake of the latest budget. Links: https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-of-uk-tax-policy/ https://www.traverssmith.com/knowledge/knowledge-container/autumn-budget-2025/ https://www.traverssmith.com/knowledge/knowledge-container/autumn-budget-2025-private-capital/ https://www.fnlondon.com/articles/rachel-reeves-private-equity-will-be-key-to-growth-push-95c10a9a https://assets.publishing.service.gov.uk/media/68595e56db8e139f95652dc6/industrial_strategy_policy_paper.pdf https://www.bvca.co.uk/static/e07847be-bbcc-4b7e-a201d5d182700aca/BVCA-Response-to-Invest-2035-The-UKs-Modern-Industrial-Strategy.pdf

    6 min
  8. Travers Smith's Alternative Insights: Fund labels in Europe

    11/14/2025

    Travers Smith's Alternative Insights: Fund labels in Europe

    In this week's issue of Travers Smith's Alternative Insights, we are looking at European fund labels. Links: https://www.traverssmith.com/knowledge/knowledge-container/draft-sfdr-20-proposals/ https://www.traverssmith.com/knowledge/knowledge-container/sustainability-exchange-podcast/ https://uksif.org/uksif-pwc-report-uk-sdr-and-investment-labels-implementation-lessons-and-the-road-ahead/

    6 min
See All (106)

About

A series of regular audio briefings for the alternative asset management industry.

Information