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Marianna Tothova

Marianna Tothova is a partner and a member of the Asset Management and Investment Funds practice specializing in European fund formation and regulatory compliance with nearly two decades of experience. Marianna is qualified and practicing as a solicitor in England and Wales and as avocat à la Cour in Luxembourg. 

Marianna focuses particularly on advising asset managers on funds investing in private credit, private equity, and real estate, including both first-time and well-established managers.

Marianna advises on closed-ended and open-ended structures, including evergreen and semi open-ended funds, destined to professional and retail investors (including UCITS, Part II, and ELTIF).

Marianna has particularly deep experience in direct lending, AIFMD II, loan origination, and securitisation. 

She has been recognised by the Legal 500 UK for her dual expertise in UK and Luxembourg markets. 

Prior to joining the firm, Marianna was a partner at an international law firm where she focused her practice on private funds investing in various asset classes, with a particular focus on private credit. 

  • Financial Literacy Symposium (Brussels): Growing a Retail Investor Culture in Europe, November 2025
  • AIMA Global Policy and Regulatory Forum (NYC): Disintermediating the Banks, March 2025

Throughout her career, Marianna has actively participated in asset management in industry working groups and thought leadership initiatives of AIMA, ACC, ALFI, and CREFCE. 

  • "Regulatory changes shaping the bank lending and private credit in Europe," Law.com, April 2025
  • "Retailisation in the EU - will it be a success?" The Alternative Investor, April 2025
  • "Changes to the EU landscape for private credit funds in the EU," AIMA Journals, June 2024
  • "Trends In Private Credit Funds Structuring," ACC, September 2023
  • "ELTIF 2.0: A step towards true democratization of European private funds," AIMA Journals, March 2023
  • "Luxembourg: The new securitisation regime offers more flexibility and new opportunities," AIMA Journals, June 2022
  • "A special publication to mark AIMA's 30th anniversary: The future of Private Credit," AIMA Journals, September 2020
  • "PDI Roundtable: How private debt is being reshaped," Private Debt Investor, November 2019
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