Analysis
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
12 March 2024
Stake a chance on… Scarcity Partners
The firm uses an evergreen structure to slow-cook emerging managers in a land down under
29 February 2024
Tyrannosaurus Regs?
How are global regulators scrutinising AML procedures and is that oversight increasing?
26 February 2024
ELTIF 2.0 – A case study
How Moonfare provides liquidity to its investors via an auction process instead of redemptions
26 February 2024
Economic symptoms of longevity
Addleshaw Goddard’s latest Funds Trends Report showcases the effects of longer fundraising and investing periods on the economics of the GP-LP relationship
22 February 2024
Next stop – carried interest
Liquidity event delays are having an effect on waterfall calculation models
16 February 2024
Untangling Pillar 2 implications
Pillar 2 may not mean more tax for most GPs but it could be a compliance headache
12 February 2024
Borne but not raised
A tight fundraising and deal-doing environment has GPs pondering how to structure aborted deal costs
8 February 2024
ESG: The fund-of-funds perspective
Once removed from the underlying portfolio, this type of LP is focused on private equity’s journey rather than instant compliance
5 February 2024
What the AI?!... Tamarix Technologies
Founder of the data and analytics platform for LPs, Andrea Carnelli Dompé, discusses managing confidential information and AI hallucinations
5 February 2024
Sweet sorrow
The alluring attraction of semi-liquid strategies brings with it a cautionary tale of liquidity (mis)management
1 February 2024
Stake a chance on… Azimut
Giorgio Medda of Azimut Holding explains why it moved into the GP stakes business and what sets it apart from its competitors
1 February 2024
My life at ECI Partners
The Drawdown goes undercover and through the firm’s succession programme put in place after the initial founders left
31 January 2024
The carrot in addition to the stick
FCA’s proposed regime on non-financial misconduct shines light on firms’ workplace culture
29 January 2024
Stake a chance on… New Catalyst Strategic Partners
Jason Howard’s freshly hatched firm, backed by Apollo, aims to support emerging managers, among others
29 January 2024
IPEM: Cash and carry
Anxieties about capital and compensation were not far from the surface at the latest IPEM event in Cannes
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
22 January 2024
The ops ‘n’ regs of wealth managers
Amid traditional LPs maxing out their allocations, PE looks to wealth managers to fill the gap – but they come with distinct requirements
17 January 2024
Stake a chance on… Armen
The GP stake investor is attempting to differentiate itself through deep roots in the European midmarket, the support it offers GPs and the service it provides to its LPs
15 January 2024
Stake a chance on… Investcorp’s SCG
Strategic Capital Group’s managing partner Anthony Maniscalco likes his stakes well done
8 January 2024
Dear Irish AIFMs…
After the Central Bank of Ireland’s review of asset valuation processes, Irish AIFMs must make sure their governance models are up to scratch before the end of Q2 2024
8 January 2024
5 minutes with… Sander Andersen, founder of Finpeers
Swiss blockchain-enabled fundraising tool launches to connect HNWIs through its digital LP marketplace, aiming to increase access to private equity funds
2 January 2024
Operational utopia
If operations professionals made all the decisions, what would the perfect PE firm look like?
20 December 2023
Postcards from Portugal: Keep your fund admins closer
In a final reflection from The Drawdown’s Operational Leaders Summit, we highlight views on nearshoring and the need to love your fund admin
18 December 2023
Postcards from Portugal… Domicile drop
A post-summit debrief on alternative Luxembourg structures
12 December 2023
LPs eyeing up AI
Key use cases identified include fund monitoring and competitor benchmarking
11 December 2023
What DEI you mean?
Dynamo’s latest report on ESG reporting finds LPs and GPs have different expectations when it comes to DEI reporting
11 December 2023
The UK’s nice green labelling machine
Response to FCA’s SDR positive as regulatory arbitrage remains around applicability to overseas funds, portfolio management and practice of its highly anticipated anti-greenwashing rule
7 December 2023
Postcards from Portugal… Top talent
Attracting and retaining junior talent requires clear direction and HR initiatives
6 December 2023
ESAs add granularity to RTS
The draft technical standards have some suggested amendments, improving the detail of the disclosures made
1 December 2023
ESG, retail investors and you
The latest Efama conference brought together regulators and asset managers who championed the idea for product instead of fund labels and brainstormed ideas for retailisation
30 November 2023
Trigger warning
As valuations come under greater scrutiny, GPs must carefully consider the triggers for valuation challenges under the terms of their NAV facilities
29 November 2023
SDR policy launched
The FCA is introducing an anti-greenwashing rule, four product labels and marketing requirements for investment funds
28 November 2023
Moving surety from obscurity
Surety could be an overlooked, low cost liquidity solution in a time of portfolio optimisation
27 November 2023
Home game Sweden
A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds
23 November 2023
Budget breakdown
The Drawdown watched the UK's Autumn Statement so you didn’t have to
23 November 2023
Southern Europe: Structures to suit all tastes
Variety is indeed the spice of life when it comes to fund domiciles across Southern Europe
22 November 2023
Cayman Islands removed from FATF’s grey list
Effective prosecution of financial crimes was key element to de-list but domicile stays on EU’s AML blacklist
22 November 2023
Crossbreed funds
How PE is shedding its ‘illiquid’ skin and creating hybrid funds to access the private wealth market
20 November 2023
What the AI?!... Schroders Capital
Head of global venture investments Steven Yang delves into the machine learning toolset that the firm’s data team has developed during the last decade
20 November 2023
There and back again
Matthias Plötz reports on the success or otherwise of German GPs´ Luxembourg holidays
20 November 2023
Firm identity
A tight fundraising environment and ESG fund naming conventions warrant a closer look at the names of private equity entities, writes Matthias Plötz
17 November 2023
Stake a chance on… Kudu Investment Management
The firm provides permanent capital to boutique investment firms
15 November 2023
Unrealised potential
The ILP has not yet led to a surge in funds being domiciled in Ireland, writes Jon Whiteaker
14 November 2023
AIFM-Done
As the EU concludes technical discussions around the AIFMD review, The Drawdown takes stock
14 November 2023
Abris Capital launches DEI code for portfolio
Firm makes commitments across education, governance, ownership and process with the aim of influencing industry practice
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?
9 November 2023
Wheels in motion
The UK is working hard to restore its attractiveness as a domicile post-Brexit but it’s not there yet
6 November 2023
What the AI?!... Triton Partners
Head of technology Lyndon Arnold updates us on the firm’s outlook on AI and its potential use cases, as well as its ongoing implementation of the technology.
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
Stake a chance on… Bonaccord Capital
The firm’s GP stake strategy focuses on capital formation and ‘creating an enduring institution’
26 October 2023
Edi Truell’s super plan
Pensions mogul outlines his next DC market consolidation plan after the ‘mothballing’ of Pension SuperFund
23 October 2023
weather eye
Matthias Plötz asks: Will the distant winds of the SEC's Private Funds Rules force changes to European GPs' playbooks
23 October 2023
Rubbish in, rubbish out?
The latest SFDR consultation gets the industry thinking about improving entity-level disclosures
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