Fund administration

Mainspring’s Stephen Geddes to lead Apex UK

The fund management service provider was bought by Apex in September 2022

Lionpoint launches treasury practice

Former head of operations at KKR Danny Olds will lead the practice

BlackRock joins Allfunds’ Private Partners programme

Firm aims to broaden access to its private markets offering for wealth management clients

Socium Fund Services launches loan agency and administration services

The Suntera Global-owned fund administrator extends its product offering to private credit firms

Amicorp launches ESG reporting and rating service

The new service includes audited ESG reports, analysis, business planning and policy implementation

DIY in the wild wild East

Across Lebanon and Palestine, enterprising GPs are piloting their industry with no legislative framework or operational ecosystem, as Matthias Plötz investigates

Hawksford acquires Singapore-based consultancy

The acquisition of Healy Consultants expands the service provider’s presence in Singapore and enables an entrance into the Middle East

Altum Group granted UCI extension

The extension to the Undertaking for Collective Investment allows the company to offer its services to all alternative investment funds

Gen II launches strategic and digital solutions group

Robert Caporale has been appointed as group president

Vector updates fund accounting tool

The fund administrator has incorporated a GP and LP portal into Valence

Citco’s platform available to private credit funds

Company opens up its Collaboration Platform to private credit and real assets

Data constraints the biggest ESG integration hurdle

Some 71% of respondents to the BNP Paribas ESG Global Survey 2023 find lack of ESG data quality a major barrier to making more sustainable investments

Apex establishes presence in Korea

Non-executive director Simon Hurst will advise on the office launch

Govern up

Shaking off reputation by association can be tough in emerging markets

Apex subsumes Guernsey-based ManCo

This latest acquisition by Apex Group expands its Guernsey operations

Ocorian names new CEO

Former Capita portfolio CEO Chantal Free succeeds Frederik van Tuyll

Taking the plunge

The vast pools of capital located in the UAE remain the main draw for private equity firms but a local office is increasingly needed to access them

GP Fund Solutions anchors in Ireland

Fund administrator is the latest non-European player to make a move into the bloc, following the news of Crestbridge and Altum in July

TMF Group acquires Maltese tax adviser

The acquisition will expand TMF Group’s presence in southern Europe

TMF acquires FIDD

The fund administrator consolidation will expand TMF’s presence in Latin America

Waystone LFS acquisition satisfies contractual conditions

The sale is expected to be completed by October 2023

Socium Fund Services partners with Broadridge

Socium will incorporate Broadridge’s Sentry tool to improve its debt fund administration services

Apex acquires Axess Accounting Office

The acquisition expands Apex’s presence in Japan

THL acquires Standish

THL will take a majority stake (55%) in the fund administrator

The Drawdown Awards winners: Linnovate Partners

The Drawdown speaks to Henry Lin, CEO and founder of Linnovate Partners, winner in the Fund Administration: Technology & Innovation category at The Drawdown Awards 2023.

Apex signs strategic partnership with Flow

The fund administrator’s clients will have access to Flow’s investor lifecycle management platform

BNP Paribas acquires Kantox

The acquisition will expand the firm’s FX workflow services

The Drawdown Awards winners: Goji

The Drawdown speaks to David Genn, CEO of Goji

Vector appoints COO

Kristina Dayback joins the fund administrator from Carta

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

Gen II acquires Crestbridge

The acquisition will expand the fund administrator’s presence in Europe

The Drawdown Awards winners: The Citco group of companies

The Drawdown speaks to Claudia Bertolino, head of private equity and private credit, Citco Fund Services

ESMA reviews cross-border marketing requirements

The body’s second report highlights frequent breaches of marketing requirements

REYL Intesa Sanpaolo acquires Carnegie Fund Services

The acquisition will result in the two firms’ Swiss representation services being combined

Altum receives HMRC AML approval

Company looks to grow its presence in Europe

IQ-EQ grows compliance offering in Asia

Company has acquired compliance firms ComplianceAsia and Lymon

Juniper Square appoints fund admin general manager

Christine Egbert is a former SS&C executive

Comment: Future-proofing operational models key to supporting global GP ambitions

Elliot Refson, head of funds at Jersey Finance, says the jurisdiction’s JPF and LLC structures provide stability in a turbulent environment

LP reporting requests the biggest obstruction for PE GPs

Frequent reporting and ad hoc requests from LPs are the biggest obstruction to operations for private equity GPs, according to a new survey.

Quantium opens London office

The European base will be led by Anahita Beigui

IQ-EQ appoints Swiss MD

Patrik Marti has two decades of management experience at Credit Suisse

The Drawdown Awards 2023: Winners announced

Congratulations to all of the winners of The Drawdown Awards 2023

GPs diverge on takeup of fund admin technology

Almost as many GPs are reluctant to change their fund administration technology as those wanting the most sophisticated technology available, according to a new report.

Amicorp FS seeks to scale up through London listing

Fund administration firm Amicorp FS plans London listing and global expansion

IQ-EQ partners with Novata

The partnership aims to incorporate Novata’s ESG data solution into IQ-EQ’s existing services

State of substance

How are GPs giving their firms the necessary mass to operate in Luxembourg?

Apex launches fundraising services

Offering combines rebranded platform with series of events

The conversation: Are you prepared? Liquidity strategies in a turbulent market

The Drawdown hosted a webinar to discuss how managers can respond to liquidity and risk management challenges that have been thrown into sharp focus in recent weeks

Former Sanne execs set up new fund admin business

Ex-Sanne senior leaders have launched Palmer Street, with £8m backing from Marwyn Value Investors

Hatcher+ launches funds platform

Funds-as-a-service software provides end-to-end fund administration, powered by AI

FFP launches fund admin business

Company’s new business line will service clients in the Cayman Islands

Survey: How is your digital transformation progressing?

The digital transformation of private capital funds continues to gather pace – The Drawdown, in partnership with IQ-EQ, is once again taking the pulse of the private capital fund market's digital transformation

Suntera acquires Carey

Acquisition is a bid to broaden Suntera’s services offering and bolster the company’s fund admin capabilities

European Fund Administration rebrands to ‘efa’

Rebranding is part of company’s integration process into Universal Investment Group following acquisition in 2022

Alter Domus acquires Solvas

The acquisition aims to bolster the data unit’s credit risk offering by adding data analytics services from Solvas

Indos Financial appoints CEO

Abi Holland is promoted to CEO from head of client relationship management

TMF Group partners with Holland Mountain’s ATLAS

TMF’s fund services practice will integrate the data platform to enhance client reporting offering

Comment: Private markets boom sparks uptick in demand for asset servicing

Claudia Bertolino, head of private equity and private credit at Citco Fund Services, says managers are placing higher expectations on their third-party providers

The challengers

Charting the rise of the new fund admin kids on the block, looking to break the mould

Jersey widens AML/CFT scope

Jersey private entities with a local administrator no longer exempt from regime