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Fund administration

Oak Group makes two appointments

Oak has hired Belinda Ridout as director of client accounting and Hannah Crocker as company secretary

Investing in new tech is major challenge for GPs

According to a new report from Aztec, 83% of alternative investors are struggling with bringing new technologies into their firms

Valuations decrease predicted for Q4

Macroeconomic instability causes valuation concerns for GPs and LPs as Q4 year-end reporting approaches

Juniper Square launches fund administrator alliance programme

Programme aims to modernise fund administration and expand access to tech

A&M appoints managing director

Chris Lanman joins the professional services firm from KPMG

Aztec Group hires non-executive director

New York-based Eric Bernstein has joined the fund administrator’s board

GenTwo partners with Apex’s EDB

The partnership aims to facilitate banking services for institutional investors

“QAHC, QAHC!”

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

CSC finalises Intertrust acquisition

CSC first bid for Intertrust in December 2021

Ireland makes tax changes

The Finance Bill 2022 introduces amendments around reporting, VAT treatment and enforcement for alternative asset managers

Reed Smith hires partner from Kirkland & Ellis

Romin Dabir joins the firm’s Financial Industry Group

Preferred, professional, pragmatic

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

Highvern expands to Cayman Islands

Highvern’s acquisition of Genesis provides an opportunity for further expansion overseas

Synthesis Capital CFO departs

Former CFO / COO Simon Bliss has joined Aztec Group as a director, while Matt Gill steps into the role of director for finance and operations at Synthesis.

Hot contest

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

Comment: Co-sourcing

Kimberly Kale, head of operations for the PE Back Office at Allvue Systems explains how GPs can have their data and their fund administrators too, without complicating their data flows

Link Fund and EFA expand partnership

EFA to provide middle office services for asset managers

Centaur expands to Philippines

SVP Francois Myburgh, SVP Raymond Esquivel and VP Apple Sebastian head up the new office in Manila

Apex partners with eFront

Partnership aims to create ESG benchmarking metrics for the private markets

Caceis to acquire RBC’s asset servicing arm

The deal is expected to complete by the end of Q3 2023

Alter Domus expands to Italy

Christian Iuliano has been appointed country executive, to head up the new office in Milan

TrustQuay launches fund administration platform

The cloud-based end-to-end tool aimed at supporting alternative fund services providers

Gen II names COO and CCO

Nikolaos Perros joins as COO; Ishita Shah appointed chief commercial officer

Aztec launches streamlined onboarding solution

Aztec Verify automates the due diligence process while ensuring regulatory compliance

Crestbridge appoints head of Southampton office

David Bridger joins from Aztec to oversee operations

Apex launches impact investing solution

The tool should enable investors and companies to demonstrate measurable positive impacts

Tenzing backs Altum

The deal for the fund administration business is the sixth from Tenzing’s £400m Fund II

Citco names Bertolino head of PE and PC

Bertolino is charged with boosting operational efficiencies and enacting the firm’s plans of digitising its client experience

In conversation: Power to the LP

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

Vistra acquires MAS France

The acquisition sees Vistra enter the French market

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

SS&C combines fund administration and servicing business

Bhagesh Malde will lead the newly combined business, which will continue to operate as SS&C GlobeOp

Apex makes two acquisitions in New Zealand

The fund administrator has bought IIS and InvestNow

Apex acquires Prometa

Prometa provides fund services to clients in Canada, the US and Bermuda

IQ-EQ acquires JGM

US-based JGM provides middle and back office services to private equity and real estate firms

Universal Investment secures investment from CPP

Existing investor Montagu has partnered with CPP to support the fund administrator’s expansion

Broadridge’s PE platform open for US funds

Private Market Hub is powered by distributed ledger technology

Apex partners with Iveniam

Partnership sees Apex expand its offering to include valuation-as-a-service

DC Advisory launches GP secondaries offering

The firm has appointed Michael Wieczorek as managing director

Apex appoints India country head

Akshay Thakurdesai joins the firm from BNP Paribas where he was head of securities services India

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?

Apex acquires Mainspring

The acquisition sees all 70 Mainspring employees across two UK offices and £9.7bn in AUA move to Apex

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

TDA 2022: CFO of the Year: Rebecca Noyes, Alderwood

We explore the Noyes' rapid development, including her focus and impact which the judges described as beyond that of a traditional CFO

Private funds failing to provide climate data

Hymans Robertson says private market managers’ TCFD reporting standards are inadequate

Hazeltree secures $14m investment

The funding round was led by FINTOP capital, whose co-founder and managing partner Rick Kushel will sit on Hazeltree’s board, joined by Hamilton Lane.

Gen II launches digital fund subscription solution

The new digital offering intends to automate and streamline fund subscriptions

Maples launches ESG fund services solutions

They aim to support fund managers and institutional investors with ESG and impact investing credentials

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

Apex names Zamal as compliance executive

Aneeqa Zamal joins the firm from the FCA where she was an associate

Apex Group expands Global Compliance Solutions to Singapore

It aims to address local clients’ risks and concerns around ESG, sustainability, AML, digital assets and fintech

Data analytics should be top priority for service providers

EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements

JTC launches Irish fund administration services

The launch comes after the fund administrator received regulatory approval from the Central Bank of Ireland

TDA 2022 Fund Administration: Under $50bn (Total AUM) winner: Highvern

The team discuss its key differentiator and talent management, which impressed the judges

TDA 2022: Double win for Alter Domus

The firm won the Fund Administration: ManCo Services and Fund Administration: Over $50bn (Total AUM) awards

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

Champions league

The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.

TDA 2022 Fund Administration: Technology & Innovation winner: The Citco Group of Companies

Jay Peller, head of Citco Fund services details what he describes as the "Citco Way", which enables the team to maintain strong, long-term client relationships

Apex completes Sanne acquisition

Completion of the takeover comes almost exactly one year after Sanne agreed to the £1.5bn deal

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