Login Newsletter Membership About us Search

Analysis

Mean green litigation machine

ESG jurisprudence continues to develop as BNP Paribas first private player to be hit with lawsuit

The real retail deal?

We speak to Michel Degosciu, managing director and co-founder of LPX AG, to understand the index he has created, which enables everyday individuals to invest in private markets

Role call: head of talent

More importance is being placed on the role of chief talent officer and the value it can bring. What competitive edge does it provide?

Less black and white

GP/LP relationships are becoming increasingly nuanced, with management fee rates more dependent on strategy, increased organisational expenses and a decline in no-cause removal clauses

Onwards and upwards

We spoke to John Stake, managing director at Hamilton Lane, to discuss the latest findings and predictions in the firm’s 2023 Market Overview

ESLitiGation

As regulators gear up for ESG enforcement action, private litigation is revving its engines, ready to hit the streets

Column: In defence of SFDR

Dörte Höppner, chief sustainability officer at The Riverside Company, urges the industry to embrace rules designed to combat greenwashing and encourage ESG investment

Embrace (private) equity

This International Women’s Day, the theme is ‘embrace equity’. We spoke to Jacqueline Taiwo, co-founder of Black Women in Asset Management, to understand her firm’s impact

LPs recalibrating risk appetite

Adams Street Partners’ 2023 Global Investor Survey highlights increasing LP scrutiny and an increased demand for private credit opportunities

PE playing catchup when streamlining operational processes

Intertrust’s new research highlights GPs’ desire to combat operational weaknesses amid changing LP demands

Déja vu?

Collateralised fund obligations (CFOs) have been lauded as a vital route for insurance firms to play in the fund finance space - but their future, especially in Europe, is uncertain

Next level

As the game gets harder, fund finance needs to level up

Intern-al culture

Adam Black, partner and head of ESG and sustainability at Coller Capital, details the importance of ESG interns in creating a good culture

ELTIF: second time’s the charm

Possibility to set up master feeders and fund-of-funds structures could open up retail investment for small and mid-cap firms

Comment: Climate-related risks and opportunities – what does PE need to know?

Simon Weaver, partner and co-lead, climate risk and strategy at KPMG in the UK, offers industry-specific guidance to private equity firms following the recommendations of the Taskforce on Climate-Related Financial Disclosures

Housing in-house counsel

More and more GPs are adding legal counsel to their teams - but how are they faring with the integration process?

Green regulation proliferation

The Green Technical Advisory group has outlined 10 ways to support international regulatory alignment

FCA addresses sustainability regulations ‘alphabet soup’

Regulator requests feedback on sustainability-related governance to help reform industry obligations

VC cap table complexity

For late-stage venture investors, creating and maintaining cap tables to ascertain a true understanding of what the fund ownership is, is a major challenge

Key ESG partners with EDCI

Software provider launches API integration with benchmark initiative

AIFMD II: Electric Boogaloo

Regulator expands the scope of delegation and adds new rules for loan-origination funds

AMF calls for more stringent SFDR regulations

French financial watchdog proposes the introduction of minimal environmental requirements

Taking stock: The quest for fair value

As high inflation and interest rates jostle the economy, the fundamentals of fair value in a volatile market need readjusting for accurate valuations

UK - Same same but different

The UK's similarly named SDR is akin to the EU's SFDR, but it's best to contrast rather than compare

Germany - Wait and see

The regulator’s focus on Article 8 funds and failure to address real concerns leaves the industry frozen

France - Layers and labels

The regulator requires additional disclosures not required by other Member States

Ireland - Our survey says…

The regulator has taken a pragmatic, survey-informed approach

SFDRRRGGHHH!!!

European member states are interpreting and applying incoming esg disclosure rules differently, creating even more confusion and frustration for managers

Sun, sea and… startups!

The Spanish Startup Act aims to boost growth in the startup ecosystem with enticing tax relief for GPs

New risks, new insurance

PE is increasingly recognising the need for directors and officers insurance, while ESG is adding a new dimension to mismanagement claims

Hamilton Lane tokenises another fund

The firm has partnered once again with Securitize to offer another tokenised fund

The conversation: True outsourcing?

At a recent Breakfast Briefing event held in London, a panel of experts discussed the realities of co-sourcing, and asked if the approach really can allow CFOs to control their data

Top of the chain

With the Consumer Duty expected to come into effect on 31 July 2023, the responsibility to comply will apply to the entire supply chain, including fund managers

G for granularity

KEY ESG’s latest report suggests ESG reporting requires collection of more granular data

Core opens for business

The company offers a range of fund administration services for GPs based in Guernsey

Tackling tokenisation

As GP appetite for tokenisation increases, concerns around liquidity, security and regulation need demystifying

Deal breakers

A guide for hiring managers and female candidates when striving to fill senior-level positions

PE’s got IT-alent

As PE is increasingly becoming data- and software-driven, it is struggling to source the talent equipped to leverage new technologies. How can GPs incentivise tech talent to come onboard?

Capital-raising punishment: Painful process

A sleek and streamlined onboarding process is vital to make sure hard-won commitments aren’t scared off

Capital-raising punishment: Laborious letters

An increasingly complex regulatory environment and investor sophistication have resulted in longer side letters. With the rock to be pushed up the hill of compliance getting larger, how can GPs ensure it stays at the top?

Regulatory roadmap 2023

ESG is set to be the biggest bump in the regulatory roadmap for 2023, along with AIFMD and AML reforms in tow

Capital raising punishment: Marketing madness

Compliance and legal obligations for raising a fund have been building steadily in recent years. But given the sudden tightening of the fundraising market, the myriad rules managers must navigate have made capital raising a punishingly cruel exercise.

Column: Smooth operator

In a challenging fundraising environment, operational leaders must ensure the machine room is running smoothly, writes Dörte Höppner, chief sustainability officer at The Riverside Company

“Stabilised volatility” on the horizon, says EY

EY predicts the most likely geopolitical developments for PE in 2023 and successful strategy to manage them

Managers downgrading SFDR fund labels

Continued tightening of the SFDR has seen several funds move from Article 9 to Article 8

ESG-related terms: a new circle of confusion

ESMA’s consultation on ESG-related terms risks adding more uncertainty to an already fragmented legal framework

In conversation: Stake house

Highlights from a recent roundtable discussing the evolution of GP stake sales and what value they can bring to private equity firms

Fast Funds

Fund managers are increasingly turning to Jersey due to the speed, flexibility and efficiencies offered by its fund structures

Go with the flow

Key takeaways from The Drawdown's most recent breakfast briefing event, which discussed the complexities and challenges of information flows from portfolio companies through to investors

Stepping up to the plate: The transformative role of the Irish ILP

Sam Metland, head of private equity product at Citco, says the Irish fund regime reform provides valuable optionality to managers across Europe

“QAHC, QAHC!”

The Qualifying Asset Holding Company regime is set to close the gap between the UK and other fund domiciles

Looking back to look forward

By looking back at how and where the international funds industry has evolved, we can better understand how the sector might develop in the future, argues Elliot Refson, head of funds at Jersey Finance

Preferred, professional, pragmatic

Pierre Weimerskirch, regional head, Luxembourg at Apex Group, discusses the emergent opportunities facing Europe’s largest centre for domiciled funds

Hot contest

The race to be private equity’s domicile of choice is speeding up, but which jurisdiction is really gaining ground?

On second thoughts

With secondary deals on the rise, we caught up with two industry practitioners to discuss what this additional workload means for them, their teams and the wider industry

Insurance policies

PE's greatest yet least recognised risk

Inside Verdane’s ESG-linked sub line

Verdane's sustainability lead, Axel Elmqvist, and head of debt, Andreas Daae, discuss the intricacies of setting up the firm's first ESG-linked subscription line.

Beyond data

Data has been on private equity's mind for a few years now; is it starting to yield the results it promised?

In conversation: Power to the LP

Highlights from a recent roundtable event examining the growing influence of investors in private equity fund management

The most influential fund finance experts of 2022

Charting the market’s movers and makers