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Fund administration

TMF Group buys Venture Back Office

VBO provides fund admin, investor services, as well as portfolio management solutions to PE, real assets, credit and emerging manager funds

Agile fund management

The major advantage of setting up something fresh is having a clean slate with the ability to adopt the latest learnings and technologies. This is exactly what fund administrator Highvern did when it set up its processes and ways of working

Sanne acquires STRAIT

STRAIT provides fund administration, financial oversight and regulatory compliance services for PE, FoF, SPVs, family offices, hedge funds and other investment vehicles

Fund Administration: Technology & Innovation award winner: Citco

Head of PE Nikolaos Perros explains why having an internal tech team and proprietary solutions is so important

MUFG IS launches ESG reporting tool

The reporting tool initially uses RepRisk data and MUFG IS plans to add further data sources

Allvue partners with Got Your Back

The partnership provides fund accounting solutions for Got Your Back's alternative fund management clients

Fund Administration: Over $50bn AUA award winner: Alter Domus

Head of PE Tim Toska discusses why he's not concerned about the company turning into a large, institutional fund admin

Fund administration: Under $50bn AUA award winner: Highvern

Head of funds at Highvern Aidan O'Flanagan, explains why putting clients, technology and staff first is a subtle but important difference in the fund admin space and outlines how their systems have been designed to cater for today's requirements

Domicile watch: March 2021

Key takeaways from the major PE domiciles: including Jersey's changes to its AML/CFT handbooks, Guernsey's review of its Green Fund accreditation and Ireland's Green Team network launch

Column: Healthy competition

Riverside Europe COO Dörte Höppner, one of the judges for The Drawdown Awards, details the importance of good service and healthy competition when it comes to service providers

IPES’ Gillson joins PraxisIFM’s board

The firm will announce a new chair in due course

Rising Star of the Year award winner: Dawid Sawicki, Kennet Partners

The financial controller discusses winning the Rising Star award, stepping up to FC during the finance team's transition period and various processes, systems and the CFO forum he's implemented

Mainspring partners with Aspida Group

The partnership aims to service Guernsey-domiciled private equity and venture capital funds

Auxadi appoints five

Inflexion-backed Auxadi provides corporate services to private equity and real estate firms

Former Apex trio launch Oakbridge Funds

The independent fund administrator is majority owned by investment firm ED Group

Crestbridge opens Dublin office

The firm is currently authorised to provide corporate services in Ireland and is aiming to provide fund admin services soon

And the winner is…

Entrants to The Drawdown's Awards were asked to demonstrate business growth, innovation and client satisfaction. While the winners were rewarded based on these metrics, what's clear from speaking to all of the successful groups is they all shared three additional commonalities

Ocorian purchases Platinum Compliance

Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020

Deeper Perspective: The UK Funds Regime

Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?

IQ-EQ targets fund services in Ireland

The firm received fund administrator authorisation from the Central Bank of Ireland in December

Hawksford receives investment from STAR

The fresh capital will be used to support Hawksford’s acquisitive growth strategy

Standish partners with Redwood Valuation

The partnership enables Redwood to offer Standish clients a wide array of valuation services in a streamlined, high quality and cost effective manner

The ins and outs of outsourcing: An evaluation guide for selecting the right vendor

InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"

Cost of meeting LP data demands: $5.5bn

Intertrust's latest report found 64% of CFOs expect LPs to want daily/live updates on ESG, while 50% expect them to require frequent updates on operational service level agreements

JTC acquires INDOS

INDOS provides depository, ESG and AML oversight services to the alternative funds sector

Profile: Jasi Halai, 3i

The group financial controller & operating officer discusses working within the finance dept of a listed firm, leading system implementations and transformations as well as her role in the firm's committees

GAAP in Lux

Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds

STRAIT partners with PFA

The partnership will develop STRAITView, a manager-facing dashboard solution that will sit on PFA Solutions’ FirmVew platform

GPs prioritise D&I

According to EY's latest report, 56% of GPs are aiming to increase gender representation this year compared to 47% in 2020, according to a new report

Crestbridge appoints legal and compliance specialist

Anika Ratzmann is responsible for the development and management of the legal and compliance divisions and will help with strategic growth

Luxembourg to reach €5trn AuM

Luxembourg remains popular with funds industry as total AuM set to reach €5trn

Xolaris granted Liechtenstein AIFM authorisation

Third party AIFM provider Xolaris has been authorised to offer its ManCo services in Liechtenstein

DMS’ Power joins Prescient

Finian Power joins the firm's Dublin office

Allvue partners with TrustServe

Allvue will integrate its platform into TrustServe, enabling it to service all closed-ended funds across PE, VC, FoF, RE and family offices

SimCorp and Colmore partner on data service

The partnership integrates Colmore’s INSIGHT (data management) and FAIR (fees) services with SimCorp’s alternatives investment manager offering

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

Comment: The future of ESG

Cliodhna Murphy and Mike Dickey of MUFG Investor Services explore the importance of tech to meet ESG goals

Schroder COO joins ScalingFunds

Patrick Stampfli has joined the firm as managing director of business development, continental Europe

Sanne promotes Nagle to CCO

In his new role, Nagle will be responsible for client service delivery in all jurisdictions and Sanne’s continued commercial development

Saltgate names chief people officer

Alison French will sit on the group strategic committee to oversee recruitment, diversity, culture and communications

Apex launches tool for ESG regs

Invest Check is a tool to help financial services firms collect data to report and comply with upcoming ESG rules

Citco opens Abu Dhabi HQ

The firm has also partnered with ADGM to create a sustainable, fully-integrated ecosystem for the investment management industry

Crestbridge makes three Jersey appointments

Alex Di Santo is group head of PE, Michael Johnson is now group head of institutional services, while Tim Ridgway Is a director in the governance services team

Alter Domus buys Strata Fund Solutions

Strata provides fund administration services to US private equity and venture capital funds

Backstop’s Watson joins Mainspring

Norman Watson, previously head of EMEA account management at Backstop Solutions, has joined fund administrator Mainspring

The ESG tech wave

From static and infrequent DDQs to real-time, performance linked, fully integrated improvements; ESG is fast-becoming a tech play

LPs want better ESG reporting

LPs are seeking more granular detail when it comes to ESG reporting, according to Intertrust Group

Imperium Funds appoints client services director

Andy Hatton joins Barry McClay, Gary Mauger and Charlotte Parr as part of the senior management team

IQ-EQ acquires Constellation

The deal brings IQ-EQ's US headcount to 320 people

Link Group purchases Casa4Funds

Casa4Funds has been backed by Banor Capital since 2014

Alter Domus buys IPS Fund Services

Boston-based IPS has $9bn of PE and VC assets under administration

Apex acquires GFin

As part of the deal, GFin’s 130 staff will join Apex and the firm’s management team will maintain leadership roles within Apex Mauritius and globally

MJ Hudson buys PERACS

PERACS serves institutional investors and alternative asset fund managers

Former SS&C ALPs execs launch TrustServe

The new fund administrator aims to challenge the sector by taking advantage of new technology.

Crestbridge acquires Ovation

New Jersey-based Ovation was founded four years ago

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

Alter Domus promotes Houghton to COO

Houghton will oversee the firm’s operations across all products and services as it continues to expand across the US and EMEA

Sanne acquires PEA

PEA specialises in boutique fund admin and depositary services to alternative fund structures

Harmonate partners with JTC

The partnership enables faster, accurate extraction of financial data for institutional fund and private wealth clients

Finch Capital backs ScalingFunds

The fresh capital will be used to build out the institutional business development team