Fund administration | The DRAWDºWN

17 June 2021

KPMG joins campaign for reporting taxonomy

KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)

18 June 2021

Northern Trust extends capabilities in Switzerland

The firm received regulatory approval to provide custodian, depositary, transfer agency and ancillary services in Switzerland

18 June 2021

Alter Domus launches Irish AIFM

Alter Domus has acquired Beechbrook Capital’s Irish AIFM and received authorisation from the Central Bank of Ireland for specialised depositary services

15 June 2021

CFOs prioritise cost reductions

Aztec's latest report found 23% of PE CFO/COOs said their main focus this year is to reduce operating costs

14 June 2021

Cinven ups bid for Sanne to £1.42bn

Cinven increased its offer by 13% on Sanne’s last closing price before the latest announcement

4 June 2021

JP Morgan’s Hughes joins Ocorian

He joined from JP Morgan where he was managing director & global head of custody for the last four years

4 June 2021

CSC buys PEF Services

The acquisition has accelerated CSC’s fund services growth plans in the US, as well as added expertise and a robust tech platform to CSC’s suite of solutions

3 June 2021

Apex buys BRL Trust Investimentos

Founded in 2005, BRL Trust provides fiduciary services, administration, management, custody (and representation for foreign investors), controlling and registrar of investment funds to clients

28 May 2021

Be an architect (not a gardener)

Launching credit strategies is back in vogue, but this time around careful consideration is needed when it comes to designing and scaling operations

28 May 2021

5 minutes with… Simon Page, Hawksford

"We’ve had the benefit of learning from the mistakes other firms have made."

27 May 2021

Aztec opens US office

The new office specialises in fund and corporate accounting and administration for PE, VC, private debt, infrastructure, and RE sectors

25 May 2021

Crestbridge’s Bird joins Argentex

He focuses on FX execution and hedging strategies for clients across PE, corporate, RE, insurance and infrastructure

24 May 2021

Caceis appoints head of depositary services

Sam Maybrey joined from JP Morgan where he was vice president for the last 11 years

19 May 2021

CSC secures Irish depositary licence

The firm received its Irish fund administration licence last year

18 May 2021

Apex acquires Tzur Management

The deal marks the fund administrator's expansion into Israel

14 May 2021

Sanne declines Cinven’s £1.35bn offer

Takeover bid highlights strong appetite for fund administrator take-privates

7 May 2021

IQ-EQ’s Davies joins Centaur

Davies will support Centaur’s private equity client and define the firm’s PE strategy and business development plans

5 May 2021

Ultimus hires Anduiza

He is responsible for growing revenue of the private fund administration business

4 May 2021

Crestbridge’s Newton joins LGL

He is responsible for the leadership, strategic growth and operations of LGL’s Jersey business

4 May 2021

WATCH: What do LPs do with all the data?

A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information

30 April 2021

5 minutes with… Robin de Gruchy-Wilson, Oakbridge Fund Services

The co-founder & managing director discusses the firm’s key focuses, how it secured backing from ED Group as well as technology and platforms it currently uses

28 April 2021

HWM acquires Koger

The deal has been backed by Lovell Minnick Partners, a financial services and tech-focused PE firm

28 April 2021

LISTEN: Do we even need standardisation? Episode 2

The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?

28 April 2021

Domicile watch: April 2021

Key takeaways from the major PE domiciles: including JFSC's concerns in JPF service provision, Guernsey's updated PIF rules and Cyprus' growing funds industry

27 April 2021

Raft of hires for Ocorian

The firm hired Andrew Stewart, Natasha Head, Vivienne Fitzpatrick, William Turmann and Chris Mayfield as business development directors

26 April 2021

Right-sourcing

A year of remote working has catalysed already changing attitudes when it comes to recruitment versus outsourcing

22 April 2021

FundRock launches EU distribution service

The operation aim to support US, UK, Asia and other third country asset managers distributing funds across the EU.

21 April 2021

LISTEN: Do we even need standardisation? Episode 1

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

19 April 2021

5 minutes with… Charlie Jolly, RSM

The head of private equity discusses how RSM supports GP fund restructurings; the importance of valuations, and the latest innovations within the process

12 April 2021

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

12 April 2021

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

8 April 2021

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

31 March 2021

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

30 March 2021

MUFG IS launches ESG reporting tool

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

30 March 2021

Allvue partners with Got Your Back

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

30 March 2021

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

29 March 2021

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

25 March 2021

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

22 March 2021

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

18 March 2021

IPES’ Gillson joins PraxisIFM’s board

The firm will announce a new chair in due course

18 March 2021

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

17 March 2021

Mainspring partners with Aspida Group

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

10 March 2021

Auxadi appoints five

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

9 March 2021

Former Apex trio launch Oakbridge Funds

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

8 March 2021

Crestbridge opens Dublin office

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

8 March 2021

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

4 March 2021