Banks
14 March 2024
Hazeltree adds remote access to treasury platform
Other product updates include the addition of a mobile transaction approver application
4 March 2024
Investec expands GP advisory practice
Asante Capital’s Oliver Altendorf, Harbourvest’s Christoph Schwarz and Credit Suisse’s Emilia Korobowicz join advisory lead Stefano Manna
21 February 2024
LISTEN: Top of the ops: Is the grass evergreener?
A conversation with Eurazeo's Luc Maruenda on setting up evergreen fund structures
5 February 2024
Sweet sorrow
The alluring attraction of semi-liquid strategies brings with it a cautionary tale of liquidity (mis)management
18 January 2024
Morningstar partners with iCapital
Advisor Workstation will be topped up with access to alternative assets, educational resources, reporting services and portfolio construction support
11 January 2024
Bridge expands to the US
Fund finance marketplace aims to connect borrowers and lenders, and assist private market participants with completing capital call facilities
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
4 January 2024
UK regulators consult on the operational resilience of critical third parties
FCA, PRA and Bank of England welcome feedback on the proposed framework deeming certain third-party organisations as ‘critical’, to reduce any associated systemic risks to the financial services industry
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
2 January 2024
Operational utopia
If operations professionals made all the decisions, what would the perfect PE firm look like?
22 December 2023
Houlihan Lokey acquires Triago
Triago’s fundraising services to be integrated into Houlihan Lokey’s private funds group
21 December 2023
5 minutes with… Jan-Moritz Hohn, Leverest
The CEO and founder strolls with us across the company’s digital marketplace for lenders, and discusses due diligence processes and the impact of Basel III
14 December 2023
5 minutes with… Stephanie Miller, CEO of Hazeltree
The Drawdown sits down with the new CEO of treasury and liquidity management services company Hazeltree to discuss its next strategic phase
13 December 2023
Raiffeisen Bank International makes fund finance appointment
George Phillips joins as a director after more than three years at BNP Paribas
7 December 2023
BoE to assess risks of AI in financial services
The bank has plans to review what it sees as systemic threats the technology poses to the financial industry
7 December 2023
AllianceBernstein launches NAV lending strategy
Barclays managing director Dupe Adeyemo and Hark Capital’s Sara Casey join the investment manager to lead the platform
4 December 2023
MUFG IS anchors in Malaysia
New office to provide full-service offering across fund accounting, administration and asset servicing
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
9 November 2023
Alpha Group appoints head of lender engagement
Ex-NatWest Markets, Benjamin James, to head up company’s lender relationships and oversee product development
6 November 2023
Investec launches GP advisory practice
Formerly with Eaton Partners, Stefano Manna is to head up the team
6 November 2023
Raising the Liechtenstein flag
LGT’s Julien Ward and Bjoern Kogler explain the unique advantages of domiciling in Liechtenstein
2 November 2023
UK fund managers find manual processes biggest FX operational challenge
MilltechFX’s survey found UK GPs are investigating ways to automate FX processes to remove the manual burden
10 October 2023
Moonfare partners with Quintet
Digital private markets platform aimed at individual investors will be made available to HNWI clients of the Luxembourg private bank
9 October 2023
Investec expands fund finance offering to US
Bank has opened New York office and appointed Olivia Deroy as manager for origination and relationship management in the US
4 October 2023
DORA the implementer
Following ESA’s public consultation, The Drawdown takes a closer look at the impending regulatory technical standards
18 September 2023
Paloma Capital signs fund finance facility with OakNorth
The PE real estate investor has secured a £45m revolving credit facility
12 September 2023
Alpha acquires Cobase
FX solutions provider set to acquire 85% of the multibank connectivity platform, subject to approval from the Netherlands’ central bank
6 September 2023
Onboarding liquidity providers biggest FX operational challenge
MillTechFX’s latest report lays out the biggest operational obstacles when it comes to FX hedging
18 August 2023
For FX’s sake! How not to manage FX
As heightened volatility continues to push FX up the agenda for private capital funds, we explore some of the common pitfalls managers have been facing.
17 July 2023
BNP Paribas acquires Kantox
The acquisition will expand the firm’s FX workflow services
14 July 2023
MUFG IS expands banking solutions
Adil Rehman has been appointed managing director, global head of payments and liquidity, to lead the development of global payment and cash management services
12 July 2023
5 minutes with… Stephen Roseman, 1970 Group
We chat with the founder and CEO about how the company frees up firms’ balance sheets from insurance collateral and in doing so boosts liquidity for corporations
23 June 2023
What HSBC Innovation Banking launch means for fund finance
The Drawdown speaks to Gavin Rees, head of global fund banking at the newly launched HSBC Innovation Banking, about what the acquisition of SVB UK means for the fund finance market
14 June 2023
Consort1 opens up repo market to GPs
Secured deposit service provider has made strategic partnerships with banks and financial services companies to help securely collateralise cash deposits
8 June 2023
The Drawdown Awards 2023: Winners announced
Congratulations to all of the winners of The Drawdown Awards 2023
25 May 2023
Deep dive on Alpha’s fund finance solution
Following the recent announcement of Alpha Group’s new fund finance solution, we sit down with Sam Marsh, MD institutional, and Adam Heaysman, who is heading up the new offering, to find out more
20 April 2023
Is retailisation a misnomer?
Many hurdles remain around expanding private funds to the retail investor. We unpicked the main concerns raised by GPs and what the current definition of ‘retailisation’ actually means
3 April 2023
Lloyds Bank appoints head of financial sponsors syndicate
William A. Lamain joins from Raiffeisen Bank
27 March 2023
J.P. Morgan acquires Aumni
Bank aims to build out private markets platform with acquisition
20 March 2023
WATCH: Liquidity strategies in a high interest rate environment
Our recent webinar discussion, exploring liquidity management and counterparty risk
13 March 2023
SVB downfall: everything you need to know, including support and solutions
HSBC has acquired the UK bank, taking on its £5.5bn loan book and £6.7bn in deposits
10 March 2023
SVB woes: what does it mean for fund finance?
Given SVB’s exposure to the private capital fund space, many in the market are understandably concerned about what this latest announcement will mean for them
10 March 2023
Eurazeo partners with Moonfare
Eurazeo aims to use Moonfare’s digital platform to expand fund distribution to wealth managers across Europe
28 February 2023
MassMutual direct lending arms transition to Barings
The transition of MassMutual’s Direct Private Investments (DPI), and MassMutual Asset Finance (MMAF) aims to expand investment solutions for institutional investors
12 January 2023
KBRA reports relative resilience for 2023
Rating agency highlights stability in the private equity and credit sectors
9 November 2022
GenTwo partners with Apex’s EDB
The partnership aims to facilitate banking services for institutional investors
1 September 2022
Comment: The world has changed - how are lenders and markets reacting?
With great challenge comes great opportunity, writes Mohith Sondhi, senior director – debt finance at OakNorth Bank
17 August 2022
PE firms under pressure to outsource
There has been a significant increase in enquiries from PE firms looking to outsource since last year, Ocorian reports
10 August 2022
Data analytics should be top priority for service providers
EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements
8 August 2022
Apex rolls out EDB digital banking platform
Clients can open multi-currency accounts and manage day-to-day transactions through automated market money sweeps from a single dashboard
8 August 2022
Champions league
The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.
4 August 2022
BOE interest rate hike to impact valuations
“I think we can expect to see the interest rate hike exert some downwards pressure on valuations, though how much is difficult to forecast given the broader market conditions.”
1 June 2022
Capital calls hit 10-year low
Reduction in the frequency of drawdowns driven by increased use of subscription lines