Les club deals basculent dans une nouvelle ère (Club Deals Are Entering a New Era), L’AGEFI Actifs

Partner Hugues Bouchetemble spoke with L’AGEFI Actifs about the impact of recent French Financial Markets Authority (AMF) enforcement decisions on the structuring of real estate club deals, including the growing use of regulated alternative investment funds.

Hugues noted that the AMF’s approach has prompted asset managers and other market participants to reassess whether their investment structures fall within the regulated fund framework. “The decision, which now requires a distinction between regulated investment arrangements and traditional real estate transaction activities, has been a real shock to the wealth management industry,” he said. Hugues added that the shift reflects the AMF’s broader objective of limiting the availability to retail investors of private equity products that may not be sufficiently regulated.

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