AIFMD
12 March 2024
European Commission rejects ESMA’s ELTIF 2.0 draft RTS
Liquidity mechanisms have been revised to make it easier to set up evergreen funds and to better attract individual investors to private markets, but the proposals still divide the investment community
15 February 2024
Seven out of 10 fund managers received AML fines in last two years
Ocorian’s latest survey finds alternative investment firms concerned about increasing AML risks
2 February 2024
Apheon promotes seven
John Mansvelt is now COO as Loïc Cerfontaine succeeds him as CFO
2 February 2024
Lombard Odier IM appoints COO
Adam Molina succeeds Alexandre Meyer, now managing partner of the group
30 January 2024
Partners Group appoints CFO
Joris Gröflin joins from Swiss renewable energy producer Axpo Group
22 January 2024
Discovery gone digital
VC fund-of-funds AlphaQ has launched AQVC discovery platform, a digital hub connecting LPs, GPs and service providers
17 January 2024
Dawn promotes four
In the ops team (pictured), the firm has promoted Adina Goga to director of legal and Gamila Hassan to talent acquisition lead
16 January 2024
Pollen Street appoints new CFO
Lucy Tilley succeeds Julian Dale as he steps down from the role
9 January 2024
Catalysing fund administration
Independent fund administrator Alchelyst emerges in Ireland and aims to differentiate itself through employee ownership, state-of-the-art tech and close-quarters service culture
4 January 2024
Alter Domus launches ELTIF fund admin service
The added functionality supports the administration of private market open-ended funds and includes liquidity management support
4 January 2024
Park Square makes round of promotions
Andrew Haywood is now COO, Luke Varley is general counsel and Matthew Maguire assumes the role of CFO
4 January 2024
Profile: John Mansvelt, Apheon
CFO and AIFM conducting officer tells the story of his transition from audit to PE, his key governance duties and shaping a new cultural identity
27 November 2023
Home game Sweden
A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds
27 November 2023
Profile: Martim Avillez, Limerston Capital
The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times
24 November 2023
Magic ID secures €350k
KYC startup aims to use the funding to launch its range of ID verification tools in the UK and the EU
14 November 2023
AIFM-Done
As the EU concludes technical discussions around the AIFMD review, The Drawdown takes stock
13 November 2023
Island appeal
The Channel Islands have established strong reputations as domiciles and intend to keep them
13 November 2023
The digital CFO
While most CFOs would protest at the idea of their entire role being outsourced, an example of a plug-in CFO service is the upcoming launch of Corvus Group. Is it time to outsource the CFO entirely?
6 November 2023
Breaking the mould
Does Luxembourg deserve its position as the default domicile in Europe or should GPs be more willing to consider alternative jurisdictions?
2 November 2023
Ropes & Gray promotes Maj to counsel
The lawyer’s asset management team promotes Dorota Maj as one of 20 lawyers making the move to counsel across the firm
19 October 2023
FCA lays out priorities for asset management regime
Regulator´s chair discusses AIFMD´s future in UK regulatory regime and highlights proportionality as guiding principle
16 October 2023
ICG appoints head of Luxembourg
Hind El Gaidi joins from her previous role as head of financial information and valuation at Astorg
28 September 2023
FCA cracks down on private market valuations
The review is expected to scrutinise valuation processes, governance and professionals in charge of the process
28 September 2023
Profile: Melanie Wiese, Deutsche Beteiligungs AG
The CFO and member of the board of management walks us through lessons learned in the course of her career and how her passion for a diverse and collaborative culture translates into practice
21 September 2023
Investment Association calls for EU reforms
Trade body highlights sustainability, new technologies and greater alignment on regulatory issues as areas of concern
20 September 2023
BlackRock joins Allfunds’ Private Partners programme
Firm aims to broaden access to its private markets offering for wealth management clients
15 September 2023
Deutsche Beteiligungs AG acquires Elf Capital
The German asset manager will also co-invest up to €100m into Elf Capital’s funds
24 August 2023
What’s in a name?
European Commission’s Retail Investment Strategy to further amend AIFMD and do away with ‘undue costs’, broaden definition of professional investor and ban inducements
15 August 2023
The great rebundling
UK signals plans to reinstate research payment bundling, diverging from MiFID II
7 August 2023
Comment: Avoiding the tripwires
Pinsent Masons partner Mark Shaw details how to avoid regulatory issues when distributing non-EU funds within the EU
4 August 2023
Provisional agreement reached on AIFMD reforms
Regulators hone in on liquidity management, loan origination funds and delegation rules and hope to increase investor protection and cooperation of national authorities
26 July 2023
Goldman Sachs launches ELTIF
We speak to Barry Fricke, head of EMEA alternatives distribution for wealth at the firm, to understand the operational setup of the fund
19 July 2023
France issued most number of sanctions under AIFMD between 2013 and 2022
ESMA report highlights a lack of harmonisation among EU Member States regarding sanction enforcement
17 July 2023
Luxembourg toolbox updated
A bill has been passed to increase flexibility and clarify certain ambiguities for AIFMs and their investment fund products
13 July 2023
Profile: Tony Corbin, White Star Capital
The firm's CFO speaks about navigating across jurisdictions, while using Guernsey as an operational base
10 July 2023
The qualifying factor
To what extent is the QAHC regime benefiting the UK alternative funds industry?
6 July 2023
ESMA launches CSA
ESMA and NCAs aim to assess SFDR compliance of supervised asset managers
4 July 2023
ESMA reviews cross-border marketing requirements
The body’s second report highlights frequent breaches of marketing requirements
3 July 2023
REYL Intesa Sanpaolo acquires Carnegie Fund Services
The acquisition will result in the two firms’ Swiss representation services being combined
3 July 2023
AIFMD reforms delayed
Change in presidency of Council of the European Union leaves little indication for new timeline
29 June 2023
Comment: Cutting through conflicts in GP-led transactions
Travers Smith’s Victoria Bramall and James Ravden outline five strategies to mitigate conflicts in GP-led deals
22 June 2023
Profile: Martin Sjölund, Summa Equity
The partner and general counsel walks us through the beginnings of the firm’s legal function and its current management
20 June 2023
Tokenisation barriers
Significant barriers to the tokenisation of real assets remain, despite forecasts for major industry growth, according to a whitepaper
20 June 2023
ACA launches portfolio management solution
Managed Performance Services aims to assist fund managers with performance measurement and reporting features
19 June 2023
Debt set
The Drawdown hones in on the private credit trend that the experts think is here to stay – how can GPs establish a successful first-time credit fund in this economic climate?
19 June 2023
Comment: Future-proofing operational models key to supporting global GP ambitions
Elliot Refson, head of funds at Jersey Finance, says the jurisdiction’s JPF and LLC structures provide stability in a turbulent environment
12 June 2023
Negotiating terms increasingly challenging for LPs
LPs have expressed concerns over negotiating terms and manager assessment and identification, according to survey results
8 June 2023
The Drawdown Awards 2023: Winners announced
Congratulations to all of the winners of The Drawdown Awards 2023
8 June 2023
Column: Walking on eggshells
Zetland Capital COO Malcolm Goddard explores the possible implications of ATAD III, also known as the Unshelling Directive, on holding companies
6 June 2023
Colmore launches Term Intelligence
Features include benchmarking, cost projection and ILPA compliance services for LPs, GPs and service providers, aiming to improve the LPA process
5 June 2023
State of substance
How are GPs giving their firms the necessary mass to operate in Luxembourg?
24 May 2023
ESMA issues opinion on ‘undue costs’
Regulatory authority is concerned about diverging levels of investor protection across the bloc
15 May 2023
In-house rules: legal versus compliance
As more lawyers move into in-house roles within private equity, they can take up the mantle of either legal or compliance – but how do these functions cross and diverge?
10 May 2023
Help your LP help you
As regulatory and economic perspectives on capital allocation diverge, LPs’ expectations towards their GPs are changing
3 April 2023
ESMA publishes product governance guidelines
The requirements are akin to the FCA’s Consumer Duty but are not legally binding
28 March 2023
Comment: Antitrust in me
Merger enforcers turn up the heat on private equity: what can you do to stay cool?
16 March 2023
Khepri launched via MBO of MJ Hudson UK unit
Will Roxburgh and Mike Booth have led the buyout of MJ Hudson’s UK regulatory and fund management business
21 February 2023
FCA eyes regulatory streamlining for UK funds
Financial watchdog launches consultation paper as it seeks to modernise current regulatory framework and the use of tech in asset management