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Fund administration

Apex acquires Maitland

Maitland provides fund administration, transfer agency and ManCo services to traditional, alternative and mutual funds

Punt joins JTC

Martin Punt will develop the firm’s PE and VC offering, focusing on its UK and Channel Islands proposition

Freyda partners with Eze Castle

The partnership aims to improve productivity and transparency of investment data

Centralis acquires Wheelhouse

The deal marks an exit for previous backers Pelican Capital

Zedra acquires Atlas Fund Services

The firm also received a minority investment from British Columbia Investment Management Corporation

Suntera expands to US

Suntera has bought US-based fund administrator Socium Funds Services

In the dog house

How effective are financial regulators when it comes to keeping private equity in check?

Hazeltree appoints Amin as president & CEO

He takes over from Doug Haynes who has served as interim CEO of the business since October 2021

TMF’s Alayarian joins IQ-EQ

Sally Alayarian has joined IQ-EQ as group chief risk officer

JTC launches virtual chief sustainability officer service

The outsourced offering aims to help clients to understand, definite and implement their own ESG strategy, policies and reporting

Techwork 2022: Juri Pervjakov, BaltCap

“With increasing workloads, we’ve had to consider the new role of the back office, how to streamline processes and automate workflows"

JTC appoints first chief sustainability officer

Wendy Holley will continue in her existing role as COO, and will be responsible for developing JTC’s ESG framework

Unlimited partnership

Over the past year, there has been a surge of partnership agreements between various private equity-focused tech providers. Additionally, these same tech providers have joined forces with a number of service providers. But who is doing what, with who?

LGL selects Allvue

LGL’s clients will have access to Allvue’s fund account solution and investor portal

Apex buys FTS

The US business provides tax planning, compliance and structuring to PE and RE funds

Highvern receives Irish TCSP authorisation

The authorisation enables the fund administrator to provide corporate administration services to section 110 and SPV structures across alternative asset classes

Techwork 2022: Hind el Gaidi, Astorg

“Our ultimate aim is to capture the full value chain. From fundraising right the way through to exits, we want to ensure we have best of breed systems in place that will help us to ensure every part of the process is going well.”

Aztec hires head of ESG and sustainability

Caroline Mantoura joins from Accenture, having served as director of operations

Domicile watch: March 2022

Key takeaways from the major PE domiciles: including the FCA’s PRIIPs regulation, JFSC’s proposal to increase investment business fees and the latest addition to Guernsey’s blacklist

Real-time data reporting remains a source of friction between LPs and GPs

KKR's Catherine Cutts: "The demand for more granular data versus the ability for GPs to produce that is a source of friction in LP-GP relations"

Profile: Kristy Trieste, Motive Partners

The CFO & chief compliance officer discusses being a founding partner, plans for the compliance function going forward, as well as how she interacts with IR

Waystone acquires Centaur

The deal marks an exit for previous investors FTV Capital, which backed Centaur in January 2020

IQ-EQ creates group head of compliance role

Tasnoova Zaki, who has taken up the newly-created leadership position, joins from Citi, where she was VP, strategic control initiatives, regulation & compliance

Kroll launches valuation practice in Lux

The new business is headed up by Armand Kantar, who has been with the company since 2019

Entrilia launches PE & VC operations solutions

Phase one of the launch includes private equity and venture capital fund accounting, investor insights as well as business intelligence solutions

Hawksford creates M&A director role

Deloitte’s Sowmitra Singh will identify M&A opportunities and work on transactions

An American tail: service providers go West

For European GPs that want to stick with a familiar European service provider Stateside, we explore which businesses have taken their European operational excellence across the pond

Vistra receives regulatory approval for India’s GIFT City

According to the firm, it is one of the first global organisations to receive this approval

Apex acquires Fund Admin Chain

FAC is a distributed ledger-based network for launching, distributing, trading and settling funds

Gen II acquires Update Capital

The platform provides an automated, cloud-based solution for real estate managers

SS&C launches AI fund admin platform

GoCentral uses AI and BPR to optimise front, middle and back office services

Ocorian adopts eFront Invest suite

Ocorain currently uses eFront for its central administration and transfer agency support

Sanne’s McFadden joins Centaur

Kevin McFadden will lead a team responsible for maintaining relationships with investors and analysts

HSBC launches digital administration platform

The platform provides GPs and LPs with digital workflow and reporting solutions

Oakbridge Funds merges with ED Capital

Both Oakbridge and ED Capital are owned by Jersey-based ED Group

Former Alter Domus CEO joins Goji

Aidan Connolly has been appointed as an independent non-exec director of the company

Domicile watch: February 2022

Key takeaways from the major PE domiciles: including JFSC’s late fees for registry submissions, Guernsey’s new chair for its Green Finance strategy and Ireland’s Green Pledge launch

Profile: Richard Drover, Apis Partners

The CFO discusses his responsibilities outside the finance function, his 100-day plan of action to improve and enhance Apis' processes as well as the challenges of joining a new firm

Finance function seeks tech talent

Intertrust’s latest survey found most CFOs expect to hire professionals with this skill set over the next three years

Comment: The impact of new long-term vehicles with large liquid allocations

Ed Lee, partner at Proskauer, explores the advantages of adopting an evergreen model, as well as the challenges and questions they present

CFOs: cost and resource constraints prevent ESG integration

Intertrust’s latest survey found this to be the biggest obstacle CFOs face when integrating ESG into their investment processes

JFSC’s Sharples joins Crestbridge

Ellie Sharples is responsible for monitoring operational performance and management of all regulatory and compliance matters

Excel still considered top tool for portfolio monitoring

Acuity Knowledge Partners also found iLevel and eFront are the go-to third party tools for a quarter of the PE and VC market

5 minutes with… Mark Coppin, Standish Management UK

“It’s not just about having a relationship manager, it’s about knowing the intricacies of each other's preferences, styles and ways of working, to get the best experience and standard of service possible.”

Operational Lens: Pantheon Secondary Opportunities Fund (PSOF)

With a total AUM of $52.3bn, Pantheon is a machine when it comes to fundraising. We take a look at the $624m PSOF, to discover how the pros get the job done.

Apex buys BEST

The business, which expands Apex’s presence in India, provides fund services for PE, FoFs, hedge funds, managed accounts and mutual funds

Blow it all up and start again

Could the rise of 'corporation zero' - designing a fund's operations from scratch - be the remedy to private equity's tricky tech upgrade?

AssetMetrix expands to London

Clifford Norton joins from Allvue Systems to head up business development across the UK & Ireland

Waystone buys KB Associates

The deal follows the $1.3bn acquisition of Waystone by Montagu and Hg

Domicile watch: January 2022

Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist

Grant Thornton’s Lambert joins Crestbridge

Martin Lambert will focus on leading the development of the firm’s corporate and capital markets services

Montagu and Hg acquire Waystone

$1.3bn deal provides exiting investor MML Capital with an 11x return

IQ-EQ launches hybrid funds service

The new service aims to tackle the challenges of hybrid funds from an administrative perspective

Apex expands to New Zealand

The fund administrator has acquired Auckland-based investment administrator MMC

IQ-EQ receives €1.3bn

Investment made via creation of continuation fund by sponsor Astorg

Suntera acquires Nedgroup Trust

Nedgroup Trust provides fiduciary services to HNWIs, ultra-HNWIs, family offices and owner-managed businesses

Highvern buys Noble Trust Company

The independent boutique trust company provides wealth management solutions and multi-family office services

Profile: James Yates, IK Partners

The CFO & managing partner discusses how the firm has professionalised and institutionalised its processes, his thoughts on Luxembourg as a domicile as well as his hopes for IK's operational functions in the future

IQ-EQ partners with DealCloud

DealCloud’s CRM system will enable IQ-EQ to enhance the firm’s client relationship management

Operational forecast for 2022

We take a look at Alpha FMC’s predictions for PE operations this year, as well as individual forecasts for CFOs, COOs, CTOs, CDOs and heads of compliance