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Fund administration

Aztec and Worldfavor launch ESG & sustainability alliance

The alliance aims to enable private market managers with a better understanding of the impact of their own business operations and their portfolios in relation to ESG factors

CVC pulls out of €1.63bn Intertrust takeover

The firm has announced it is no longer in discussions with Intertrust about the offer or its potential merge with TMF Group

Citco adds scenario modelling to waterfall tool

The enhancement enables users to customise and calculate forward-looking investor distributions and carried interest scenarios

LPs prefer outsourcing

SS&C Intralinks' 2022 LP survey found that 38% of institutional investors surveyed prefer a manager to use a fund administrator

Alter Domus invests €50m in European operations

The capital will be used to expand operations in Ireland and fund newly launched operations in Lithuania, as well as a digital agenda to improve its technology stack

Aztec adopts Fenergo for onboarding

Fenergo enables Aztec to onboard investors faster and improve the user, client and investor experience

IQ-EQ acquires Greyline

Greyline provides regulatory compliance, management consulting and governance, outsourced operations and middle office services to its clients

Alter Domus partners with Canoe

The partnership provides clients with alternative data management solutions

Apex partners with Governance.com

Governance.com provides automated solutions for client lifecycle management, corporate governance, risk management, compliance and other digital ops

Data is king (even when it comes to fund domiciles)

Common standards would enable decent data governance, which would do away with skills and talent challenges the fund administration market is suffering from

Intertrust launches ESG data solution

The solution aims to help GPs meet ongoing, critical ESG demands by providing an integrated approach to collecting and analysing ESG data, while managing ESG risk in portfolios

Blockchain and big data most important future tech tools

Intertrust Group’s latest report found 46% of respondents cited blockchain/DLT as the most important tech tool for private capital funds over the next five years

SEI buys Finomial

Deal aimed at enhancing cloud-native technology capabilities

GP transparency and tech: room for improvement

According to SS&C Intralinks' survey, 69% of LPs were ‘moderately satisfied’ with the technology capabilities of the GPs they currently invest with

INDOS secures Irish depositary licence

The firm received the licence from the Central Bank of Ireland

LPs paying more for administrative costs

25% of LPs are being charged separately for expenses such as in-house legal, accounting and computer software

Fund domiciles in 2021: UK

Key facts and figures relating to why the UK is an emerging domicile

Fund domiciles in 2021: Malta & Cyprus

Key facts and figures relating to why Malta and Cyprus are domiciles of choice for small and emerging managers

Fund domiciles in 2021: Cayman Islands

Key facts and figures relating to why Cayman Islands is a well-regarded domicile

Fund domiciles in 2021: Guernsey

Key facts and figures relating to why Guernsey is considered a highly innovative domicile

Fund domiciles in 2021: Jersey

Key facts and figures relating to why Jersey is a fast and flexible domicile

Emerging managers: considerations for selecting your fund domicile

Launching a new fund is no easy task; don't let fund domicile selection add to the complexity

Crestbridge names chief risk officer

Siân Dalrymple takes over the role from Nadia Lewis, who moves to IQ-EQ as head of risk and compliance

AssetMetrix opens office in Luxembourg

The company has hired Alexander Wedlich to head up the new office

Fund domiciles in 2021: The Netherlands

The Netherlands is an important centre for pension funds and offers a light regime for smaller GPs

Fund domiciles in 2021: Ireland

Ireland is a domicile to watch thanks to its recent Investment Limited Partnerships reform

Fund domiciles in 2021: Luxembourg

Luxembourg is a tried and tested domicile, popular with LPs, but concerns are mounting over skills and talent levels

Shifting sands: the domicile dichotomy

On the surface, selecting a fund domicile is largely about catering to investor needs, however, just as the private capital fund space is ever-changing, fund jurisdictions are ever-evolving and appearances can be deceiving

Only 50% of GPs measuring carbon footprint

According to Apex research, 81% of GPs agreed they and their portfolio companies should take more responsibility for their carbon footprint

Taxation of partners: Changes expected

Alex Conway of Crowe UK details expected changes as to how partners will be taxed following the government’s current consultation

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

CSC secures Luxembourg licences

In addition, CSC hired Pierre Mifsud as MD for depositary services, and Yves Cheret as MD for fund admin

Sanne appoints PE director in Jersey

Laura Hazzard leads client company structures and is responsible for service provision to a varied portfolio of clients

JTC buys Ballybunion

The Dublin-based firm provides management and regulatory oversight services to investment funds

JTC buys Segue

Segue provides fund solutions to private equity, venture capital, debt funds and family offices

Apex partners with VCP Advisors

VCP provides advisory, capital raising and restructuring services

Gen II hires two

Duncan Christie is head of operations and a member of the executive committee while Eva Ntovolou is global data protection officer

Standish expands to UK

Following authorisation from the FCA, the London office provides UK administration and depositary services

Ocorian hires head of global funds

Garrett Breen joins from JP Morgan where he spent the last five and a half years

Profile: Stella Morse, Inverleith

The CFO discusses joining the private equity firm from the consumer world, what she thinks of the latest ESG regulations and setting up Inverleith's first institutional fund

Suntera acquires NeoTrust

NeoTrust provides bespoke fund and corporate services to PE and RE, institutional clients, large and mid-sized firms as well as HNWIs

EFA adopts NeoXam

NeoXam’s Impress platform covers the full reporting process

Mainstream adopts Harmonate

The partnership enables Mainstream to automate private capital data operations

Citco opens Hyderabad office

The new office provides fund servicing, banking as well as technology support functions

Zedra appoints two

Charles-Alexandre Houillon has been named director of fund management services, while Murjel Breedveld Jagesser is client director, both in Luxembourg

Suntera acquires Reference

Reference provides central and corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation services

5 minutes with… Neil Carnegie, Carnegie Fund Services

"While other fund administrators might get caught up in the consolidation trend, we’ve never made an acquisition. We’ve been asked to sell, but so far we’ve resisted."

Crestbridge granted Irish licence

The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland

Apex buys ASR

ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

Apex buys GCG

California-based GCG provides services to private equity and venture capital funds as well as technology companies

TowerBrook invests in EisnerAmper

EisnerAmper provides comprehensive audit, accounting, advisory, consulting and tax services as well as analytical insights to clients

Apex bids £1.5bn for Sanne

The all cash offer saw Apex bid 920 pence per share for Sanne

Gen II buys Stone Pine

Stone Pine provides private equity fund administration, tax and investor services to various PE fund structures

Sanne buys PraxisIFM’s fund admin

PraxisIFM has sold the business to focus on developing its core divisions of private wealth and corporate services and pension administration

TMF Group’s White joins Oakbridge

John White is responsible for overseeing compliance at both Oakbridge Funds and The ED Group

MJ Hudson buys Guernsey-based Saffery Champness

Deal values Saffery Champness Fund Services (SCFS) at £2.8m

IQ-EQ buys Ireland’s DGFM

Acquisition follows launch of a dedicated funds service segment in Ireland in March

State Street acquires Mercatus

Acquisition connected to launch of front-to-back, full-suite investment management platform

ELTIFs revisited

The ELTIF structure was so unpopular that the European Commission put it under review. However, a recent spate of new launches means the regulator could have been too hasty.