Domicile
15 September 2022
Profile: Kerrie Chung, Welkin Capital Management
The finance director discusses the firm’s setup when she joined, differences between fund administration for Cayman funds and local RMB funds, as well as Welkin’s tech stack
9 September 2022
Apex acquires Prometa
Prometa provides fund services to clients in Canada, the US and Bermuda
8 September 2022
IQ-EQ acquires JGM
US-based JGM provides middle and back office services to private equity and real estate firms
8 September 2022
Broadridge’s PE platform open for US funds
Private Market Hub is powered by distributed ledger technology
5 September 2022
Daring to be different
Having enjoyed several years of stellar growth, have Asian fund managers done enough to ensure their firms are operating in a robust enough manner to weather the gathering global macroeconomic storm?
31 August 2022
Legal lowdown: Michael Halford, Goodwin
The partner, co-chair of global private investment funds discusses recent client challenges, thoughts on the FCA’s new AR rules and what he makes of PE’s reputation
9 August 2022
JTC launches Irish fund administration services
The launch comes after the fund administrator received regulatory approval from the Central Bank of Ireland
5 August 2022
Vauban creates Lux fund launchpad
The platform aims to help emerging managers to launch VC funds in Luxembourg
1 August 2022
Setting the record straight
Eric de Montgolfier, CEO of Invest Europe goes beyond the fiction and details the facts about private equity and venture capital in Europe
29 July 2022
Domicile watch: July 2022
Key takeaways from the major PE domiciles: including JFA’s new committee, GFSC’s updated blacklist and proposed fees increase as well as FCA’s leadership hires
27 July 2022
NAV Fund Administration expands to Mauritius
The firm received a management licence from the Mauritius Financial Services Commission to operate as a managed corporate service provider
27 July 2022
Petra opens London office
Former Riverstone European general counsel and head of ESG, Charlie Chipchase, will lead the fund administrator’s new branch
25 July 2022
House of Lords slams PE for “financial engineering and tax avoidance”
Lord Sikka pointed to private equity fund and deal structures in Switzerland, Jersey and the Caribbean, created for the purpose of “asset stripping, profit shifting and tax avoidance”
20 July 2022
Arrow opens Luxembourg office
The new office will provide fund administration services via a local team
18 July 2022
Legal lowdown: Sam Kay, Travers Smith
Partner and head of investment funds discusses PE’s evolution since 1998, the importance of carry, along with the challenges of labelling funds in relation to SFDR and the Taxonomy Regulation
12 July 2022
Pinsent Masons expands to Luxembourg
As part of the expansion, Wildgen’s Michel Bulach, David Maria and Mark Shaw have joined the team
6 July 2022
Ocorian secures three Irish licences
The fund administrator has received AIFM, fund administration and real asset depositary services licences from the Central Bank of Ireland
4 July 2022
Domicile watch: June 2022
Key takeaways from the major PE domiciles: including the FCA’s policy statement on regulated fees and levies for 2022/23, JFSC’s deadline extension for 2022 JPF annual compliance returns and Ireland reaches €4trn for the first time
28 June 2022
Private fund managers not ready to comply with SEC regulations
Only 17% of private fund managers surveyed believe their organisations are very prepared to comply with the SEC’s forthcoming reporting and compliance requirements
27 June 2022
More signal, less noise: enhancing the UK’s position as a fund domicile
Despite housing the largest asset management industry in Europe, the UK ranks behind other jurisdictions as a domicile of choice for UCITS and AIFs
16 June 2022
Profile: Laurent Marvy, PAI Partners
The head of HR discusses the key differences of HR & talent across the globe, PAI’s HR set up and advice for firms wanting to maintain culture in a hybrid environment
13 June 2022
Zeidler launches digital sustainable finance module
The module provides practical guidance on sustainable finance regulations, disclosure and reporting obligations
13 June 2022
Operational lens: Summa Equity Fund III
Summa’s latest fund was almost quadruple the size of its predecessor, despite being raised remotely. General counsel Martin Sjölund, talks us through their Swedish fund structure, the bespoke onboarding solution, tackling compliance heavy ODD and Summa’s supportive partners.
9 June 2022
FundRock expands to the Netherlands
The new office in Amsterdam will provide fund distribution services to clients
9 June 2022
Profile: Patrick Camenisch, Evoco Private Equity
The director of finance and operations discusses automating processes, fund administrator challenges, and why Evoco switched fund domicile from Jersey to Luxembourg
30 May 2022
Domicile watch: May 2022
Key takeaways from the major PE domiciles: including JFSC’s fee increases, Jersey’s amendment to its Limited Partnership Law and GFSC joining TNFD
24 May 2022
Crestbridge secures new Bahrain licence
The licence enables Crestbridge to continue its fund administration work in Bahrain following the restructure of its Middle Eastern business
23 May 2022
Legal lowdown: James Oussedik, Sidley Austin
To kick off our legal insights series, James Oussedik, investment funds partner at Sidley Austin discussed his thoughts on AIFMD II and fund domiciliation challenges
12 May 2022
Jersey amends limited partnership law
Latest amendments aim to provide fund managers with greater flexibility in international fund structuring
3 May 2022
In the dog house
How effective are financial regulators when it comes to keeping private equity in check?
3 May 2022
Domicile watch: April 2022
Key takeaways from the major PE domiciles: including Jersey’s NPPR use by AIFs and CIMA’s latest promotions
12 April 2022
Highvern receives Irish TCSP authorisation
The authorisation enables the fund administrator to provide corporate administration services to section 110 and SPV structures across alternative asset classes
1 April 2022
Domicile watch: March 2022
Key takeaways from the major PE domiciles: including the FCA’s PRIIPs regulation, JFSC’s proposal to increase investment business fees and the latest addition to Guernsey’s blacklist
28 March 2022
Kroll launches valuation practice in Lux
The new business is headed up by Armand Kantar, who has been with the company since 2019
24 March 2022
An American tail: service providers go West
For European GPs that want to stick with a familiar European service provider Stateside, we explore which businesses have taken their European operational excellence across the pond
22 March 2022
Addleshaw Goddard opens Luxembourg office
Fieldfisher’s Richard Ledain Santiago has been appointed as partner to lead the new office
17 March 2022
Vistra receives regulatory approval for India’s GIFT City
According to the firm, it is one of the first global organisations to receive this approval
11 March 2022
Irish funds reach €3.7bn NAV
The domicile saw an annual increase of 23%, equivalent to €699bn
10 March 2022
Guernsey funds reach £303.6bn NAV
We Are Guernsey stated this is the first time the NAV for funds domiciled in Guernsey has reached this level
7 March 2022
The pendulum has swung
The recent noise coming from the SEC is largely measured and unsurprising; as the asset class matures of course it should adhere to stricter oversight
2 March 2022
Total net sales of European AIFs declined in 2021
EFAMA’s quarterly report found net sales of AIFs fell from €177bn in 2020 to €67bn in 2021
21 February 2022
JFSC’s Sharples joins Crestbridge
Ellie Sharples is responsible for monitoring operational performance and management of all regulatory and compliance matters
17 February 2022
Profile: James Harper, Apposite Capital
The CFO discusses why he has taken over the IR function, what processes and frameworks he's put in place since joining, as well as how the firm's bespoke DD for ESG differs from their peers
14 February 2022
Operational Lens: Pantheon Secondary Opportunities Fund (PSOF)
With a total AUM of $52.3bn, Pantheon is a machine when it comes to fundraising. We take a look at the $624m PSOF, to discover how the pros get the job done.
10 February 2022
Apex buys BEST
The business, which expands Apex’s presence in India, provides fund services for PE, FoFs, hedge funds, managed accounts and mutual funds
8 February 2022
AssetMetrix expands to London
Clifford Norton joins from Allvue Systems to head up business development across the UK & Ireland
31 January 2022
PE fuels Luxembourg AUM growth to €5.9trn
The figure represents a 17.8% increase yoy, equivalent to €886bn, with PE the fastest growing asset class
31 January 2022
ATAD 3: How will private equity measure up?
Andrew Howard, Ropes & Gray tax partner, outlines his thoughts on the likely impacts on private equity of the ‘ATAD 3’ EC proposal, designed to prevent the misuse of shell entities for tax purposes
24 January 2022
Domicile watch: January 2022
Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist
20 January 2022
Navigating new rules
Ropes & Gray partner, Eve Ellis, takes a look back at private equity fund regulations throughout 2021, and looks ahead to what's in store for 2022 and beyond
18 January 2022
Apex expands to New Zealand
The fund administrator has acquired Auckland-based investment administrator MMC
17 January 2022
Suntera acquires Nedgroup Trust
Nedgroup Trust provides fiduciary services to HNWIs, ultra-HNWIs, family offices and owner-managed businesses
13 January 2022
Highvern buys Noble Trust Company
The independent boutique trust company provides wealth management solutions and multi-family office services
13 January 2022
Profile: James Yates, IK Partners
The CFO & managing partner discusses how the firm has professionalised and institutionalised its processes, his thoughts on Luxembourg as a domicile as well as his hopes for IK's operational functions in the future
10 January 2022
KBA appoints CEO of Irish ManCo
Andrew Kehoe has been with KB Associates (KBA) since 2017
10 January 2022
Planning permission
A growing number of small managers are taking on full scope AIFM permissions well ahead of time; the market is split on whether or not this is a good move or a big burden
6 January 2022
Highvern expands to Ireland
This is the firm’s third office in addition to its presence in Jersey and London
22 December 2021
High profile collection
Selection of The Drawdown’s favourite profiles with key operational professionals in 2021
17 December 2021
Domicile watch: November-December 2021
Key takeaways from the major PE domiciles: including Ireland’s introduction of a fast-track process for Taxonomy and SFDR regulations, Guernsey’s increased fees and Cyprus’ funds industry’s increasing AUM