Activa Capital has received the Alternative Investment Fund Manager (AIFM) passport from the French regulator, the Autorité des Marchés Financiers (AMF).
Alternative Investment Fund Managers Directive (AIFMD), which came into effect in July 2013, mandates alternative managers to apply for a license to passport their funds by the end of July this year.
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Currently, Activa Capital has over 600 million in private equity funds on behalf of institutional investors.
Charles Diehl, partner of Activa Capital, said: "Activa Capital’s AIFMD compliance confirms the quality of our processes under the objectives of the AIFM Directive.
"This approval is a milestone for Activa Capital, in our aim to be at the cutting edge of best practice private equity fund management in Europe. It will be helpful to investors when conducting due diligence."
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