Travers Smith LLP has announced today the promotion of three lawyers to its partnership, with effect from 1 July 2026.

Travers Smith LLP has advised Inflexion on the acquisition financing for its majority investment in Ranger Fire and Security.

Travers Smith has advised Capital Group on the launch of Capital Group KKR Global Multi-Sector+ (the Fund), the first sub-fund of the Luxembourg investment vehicle Capital Group Alternative Investments Funds.

Travers Smith has advised on UK and EU financial regulatory aspects of an initial $35 billion capital solution as part of Broadcom's new AI XPV Platform, led by Apollo-managed funds and affiliates in partnership with Blackstone and leading global banks. The transaction represents the largest private financing ever executed and is designed to enable over 20GW in compute capacity for leading frontier AI labs through 2028.

Travers Smith has advised UK based independent power producer Enviromena on a Holdco debt financing facility of up to £175 million with Eiffel Investment Group, a prominent European independent asset manager specialising in infrastructure financing and energy transition.

Travers Smith's Senior Partner Andrew Gillen has been recognised in Financial News' Fifty Most Influential Lawyers 2026, an annual list which recognises leading European legal professionals across M&A, Capital Markets, Financial Regulation, and Private Markets.

Travers Smith LLP has advised Inflexion and its portfolio company Nodor International on a senior financing provided by Pemberton Asset Management and HSBC UK Bank. 

Travers Smith LLP has advised Tomoro on its acquisition by OpenAI in connection with OpenAI's newly launched OpenAI Deployment Company.

Travers Smith LLP has advised Bridgepoint on its co-investment alongside ECI Partners in Helio Intelligence, Europe’s leading provider of AI-enabled political intelligence and public affairs monitoring services.

Whatever the strategy, the judgement and experience of your investment team is the key to success. And, in launching the sovereign AI fund – a £500m venture capital fund – the UK government seems to have got that right.

This article was first published in the May 2026 issue of Butterworths Journal of International Banking and Financial Law.

By James Bell and Sarah Lauder

The Upper Tribunal ("UT") dismisses appeals of two companies against the decision of the First-tier tribunal ("FTT") to uphold HMRC's denial of Enterprise Investment Scheme (EIS) tax relief to investor shareholders.

A regular briefing for the alternative asset management industry. 

A new Energy Independence Bill was announced in the King's Speech yesterday. However, the speech (and earlier references to this Bill, for example in the Labour Manifesto) gives us little to go on beyond the words 'energy' and 'independence' – already themselves very much the buzz words of the administration of late, particularly in the wake of recent events in Iran.

The EU Commission's simplification drive continues following the finalisation of the Sustainability Omnibus Directive. Attention now turns to the reporting standards themselves, a critical piece of the puzzle for undertakings remaining in scope of the Corporate Sustainability Reporting Directive ("CSRD") to understand what will be required of them from the next financial year (in most cases). The Commission is also looking to finalise revised voluntary reporting standards for companies not in scope of CSRD, which is important not just for those companies that do wish to report voluntarily, but also for those in the value chains of reporters, as explained further below.  

Today's State Opening of Parliament marks the beginning of a new Parliamentary session. In the ceremony, the King formally opened Parliament and, in the King’s Speech, set out the Government’s proposed policies and legislation for that session.  The speech contained four items of interest to the real estate sector:

Travers Smith has advised long-standing client Inflexion on its minority investment in Marktlink Capital, a leading Benelux fund of funds manager providing private investors with access to private markets. The investment is being made by Partnership Capital III, Inflexion's dedicated minority fund.

Businesses facing the onset of high-risk AI system obligations in August 2026 will now have significantly more time to prepare. On 7 May 2026, EU lawmakers reached political agreement on revisions to the AI Act, bringing some much-needed certainty after a fraught end to April, when negotiations on the Digital Omnibus on AI almost broke down.