Fund administration
3 December 2021
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
1 December 2021
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
29 November 2021
Citco adds scenario modelling to waterfall tool
The enhancement enables users to customise and calculate forward-looking investor distributions and carried interest scenarios
29 November 2021
LPs prefer outsourcing
SS&C Intralinks' 2022 LP survey found that 38% of institutional investors surveyed prefer a manager to use a fund administrator
25 November 2021
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
24 November 2021
Aztec adopts Fenergo for onboarding
Fenergo enables Aztec to onboard investors faster and improve the user, client and investor experience
16 November 2021
IQ-EQ acquires Greyline
Greyline provides regulatory compliance, management consulting and governance, outsourced operations and middle office services to its clients
10 November 2021
Alter Domus partners with Canoe
The partnership provides clients with alternative data management solutions
8 November 2021
Apex partners with Governance.com
Governance.com provides automated solutions for client lifecycle management, corporate governance, risk management, compliance and other digital ops
1 November 2021
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
1 November 2021
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
27 October 2021
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
18 October 2021
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
13 October 2021
INDOS secures Irish depositary licence
The firm received the licence from the Central Bank of Ireland
13 October 2021
LPs paying more for administrative costs
25% of LPs are being charged separately for expenses such as in-house legal, accounting and computer software
11 October 2021
Fund domiciles in 2021: UK
Key facts and figures relating to why the UK is an emerging domicile
11 October 2021
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
7 October 2021
Fund domiciles in 2021: Cayman Islands
Key facts and figures relating to why Cayman Islands is a well-regarded domicile
7 October 2021
Fund domiciles in 2021: Guernsey
Key facts and figures relating to why Guernsey is considered a highly innovative domicile
7 October 2021
Fund domiciles in 2021: Jersey
Key facts and figures relating to why Jersey is a fast and flexible domicile
7 October 2021
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
7 October 2021
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
6 October 2021
AssetMetrix opens office in Luxembourg
The company has hired Alexander Wedlich to head up the new office
4 October 2021
Fund domiciles in 2021: The Netherlands
The Netherlands is an important centre for pension funds and offers a light regime for smaller GPs
4 October 2021
Fund domiciles in 2021: Ireland
Ireland is a domicile to watch thanks to its recent Investment Limited Partnerships reform
4 October 2021
Fund domiciles in 2021: Luxembourg
Luxembourg is a tried and tested domicile, popular with LPs, but concerns are mounting over skills and talent levels
4 October 2021
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
30 September 2021
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
30 September 2021
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
24 September 2021
The Drawdown Awards 2021: Winners announced
Congratulations to the winners of our recent 2021 Drawdown Awards
23 September 2021
CSC secures Luxembourg licences
In addition, CSC hired Pierre Mifsud as MD for depositary services, and Yves Cheret as MD for fund admin
23 September 2021
Sanne appoints PE director in Jersey
Laura Hazzard leads client company structures and is responsible for service provision to a varied portfolio of clients
21 September 2021
JTC buys Ballybunion
The Dublin-based firm provides management and regulatory oversight services to investment funds
20 September 2021
JTC buys Segue
Segue provides fund solutions to private equity, venture capital, debt funds and family offices
17 September 2021
Apex partners with VCP Advisors
VCP provides advisory, capital raising and restructuring services
16 September 2021
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
13 September 2021
Standish expands to UK
Following authorisation from the FCA, the London office provides UK administration and depositary services
9 September 2021
Ocorian hires head of global funds
Garrett Breen joins from JP Morgan where he spent the last five and a half years
9 September 2021
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
8 September 2021
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
7 September 2021
Mainstream adopts Harmonate
The partnership enables Mainstream to automate private capital data operations
3 September 2021
Citco opens Hyderabad office
The new office provides fund servicing, banking as well as technology support functions
31 August 2021
Zedra appoints two
Charles-Alexandre Houillon has been named director of fund management services, while Murjel Breedveld Jagesser is client director, both in Luxembourg
25 August 2021
Suntera acquires Reference
Reference provides central and corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation services
17 August 2021
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."
11 August 2021
Crestbridge granted Irish licence
The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland
10 August 2021
Apex buys ASR
ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland
9 August 2021
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
5 August 2021
Apex buys GCG
California-based GCG provides services to private equity and venture capital funds as well as technology companies
3 August 2021
TowerBrook invests in EisnerAmper
EisnerAmper provides comprehensive audit, accounting, advisory, consulting and tax services as well as analytical insights to clients
3 August 2021
Apex bids £1.5bn for Sanne
The all cash offer saw Apex bid 920 pence per share for Sanne
3 August 2021
Gen II buys Stone Pine
Stone Pine provides private equity fund administration, tax and investor services to various PE fund structures
28 July 2021
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
27 July 2021
TMF Group’s White joins Oakbridge
John White is responsible for overseeing compliance at both Oakbridge Funds and The ED Group
26 July 2021
MJ Hudson buys Guernsey-based Saffery Champness
Deal values Saffery Champness Fund Services (SCFS) at £2.8m
22 July 2021
IQ-EQ buys Ireland’s DGFM
Acquisition follows launch of a dedicated funds service segment in Ireland in March
21 July 2021
State Street acquires Mercatus
Acquisition connected to launch of front-to-back, full-suite investment management platform
19 July 2021
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.