When it comes to preparing for and dealing with life after
Brexit, there's no clearly 'right' path for PERE fund
managers to follow.
Like so many other industries, "what impact will Brexit
have on private equity and real estate?" is an impossible
question to definitively answer right now.
At the time of publishing this article, the British Parliament
continues to squabble over how best to exit the European Union, and
PERE funds and fund managers in general have been forced to create
numerous contingency plans to satisfy investors. These are live
documents – updated weekly to reflect the current situation
and projected outcomes from a cost and tax perspective.
The fund managers that we work with are, for the most part,
holding steady. We have not witnessed significant change in
approaches to PERE investment due to Brexit. But that doesn't
mean there hasn't been tinkering to the structuring of funds,
asset focus and preferred jurisdictions.
