15th Annual London Finance and Capital Markets Conference

26 Jan - 27 Jan 2026

Session information

Capital in motion: funds, private equity and tax efficiency

Description

1. Entity classification and cross-border inconsistencies

  • Classification mismatches across jurisdictions
  • Impact of Pillar Two on fund structures and holding companies

2. Private Debt / direct Lending

  • Treaty access, beneficial ownership, and tax residency considerations
  • U.S. trade or business (USTB) exposure and management attribution risks

3. Structuring and operational challenges

  • Substance requirements for holding and platform companies
  • Cross-border management company structuring: PE risk, profit allocation, remote work
  • Continuation funds, NAV loans, and GP-led restructurings, “ETF-isation” of private funds and the retailisation of alternatives

Session / Workshop Chair(s)

Raul-Angelo Papotti Chiomenti Studio Legale, Milan, Italy

Speakers

Reinout De Boer Stibbe, Amsterdam, Netherlands
Andy Howard Ropes & Gray, London, England
Annette Keller McDermott Will & Schulte RAe StB LLP, Munich, Germany
Ron Nardini Vinson & Elkins, New York, New York, USA
Jan Neugebauer Arendt & Medernach, Luxembourg City, Luxembourg