Private debt: tax and compliance

• Alternative investment fund managers and their employees
• Conducting officers
• Independent board members of alternative investment funds and their general partners
• Valuation practice staff
• Financial managers
• Accountants
• Custodian officers
• Relationship managers
• Compliance officers and internal auditors
• Other professionals of the financial sector involved in the management and/or administration of alternative vehicles

The private debt asset class has proven to be resilient in the light of the changing economic landscape and geopolitical shifts. This asset class is growing quickly in Europe as companies are looking for financing solutions and investors look at private debt as a good diversification to traditional markets.

In close collaboration with PwC's subject matter experts, PwC Academy has designed a private debt training curriculum that accurately answers many questions around the structure and the administration of private debt funds. It will help you better understand the specifics of private debt industry, raising more and more capital and interest from investors.

Fund reporting regimes, regulatory reporting regimes, products taxation… a world of tax compliance requirements. Depending on the type of investors, its structure, its domicile, its investment and distribution strategy, the fund may be subject to a tax reporting regime (such as German tax reporting, Austrian tax reporting, UK, US, FATCA, CRS, …) or regulatory reporting (i.e. CRR reporting, GroMiKV, Solvency 2, VAG, …).

This particular module covers more particularly the tax and regulatory aspects impacting the debt funds, including the investor's regulatory reporting requirements.

By the end of this training, participants will be able to:

• understand and get more familiar with a complex tax topic;
• dive into ATAD requirements and international tax matters.

Also participants will be able to understand the requirements of investor tax reporting depending on investors and fund profiles.

• Main regulatory considerations
• Fund reporting regimes, regulatory reporting regimes and products taxation
• Investors tax reporting
• Main tax considerations
• Structuring example

An attendance certificate will be sent to the participants.

The supporting material is only available in English.

This training is sponsored by Nicolas Payet, Partner and coordinated by Pierre-Yves Thomas, Partner at PwC Luxembourg.

Nicolas Payet is a partner with 18 years of experience at PwC, specializing in the alternative investments industry, particularly Luxembourg investment vehicles, GAAP standards, and private equity and debt funds. He leads PwC’s private debt funds group and has enhanced his expertise through a two-year tenure in PwC’s New York office, serving a major American bank’s private equity business. Nicolas plays a key role in internal and external training programs for PwC’s alternative investments service, dedicating time to educating clients, colleagues, and industry stakeholders. He is also involved in client consultations on industry topics and is a member of the LPEA’s private debt funds group.

Pierre-Yves Thomas is a partner specialising in assurance with extensive expertise in sustainable finance within private markets, focusing particularly on private equity and private debt industries. He leads and contributes to various internal business and industry groups centered on sustainable finance and alternative investments. Pierre-Yves has managed audit assignments for international clients in mutual funds, private equity, and private debt sectors. His professional scope includes private equity, private debt, and sustainable finance. He is actively involved in industry initiatives and client engagements, demonstrating leadership in his field.