In this article, the authors diagnose a governance paradox in private markets: as operating models shift from fund-by-fund deployment to platform-level management, decision-making authority is centralised while fiduciary obligations remain fragmented across legally separate vehicles. Governance frameworks designed for episodic, vehicle-level decisions are structurally exposed to ad hoc retrofits that may not reliably balance competing investor interests.
22 MAY 2026This article considers recent Social Taxonomy developments under the EU Sustainable Finance Framework and what the introduction of a Social Taxonomy could mean for financial market participants and financial products.
1 SEP 2021