Fund administration
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.
16 July 2021
Carlyle and Mubadala invest in Apex
Fresh capital comes just one month since TA Associates acquired a significant minority in the fund administrator
14 July 2021
Suntera appoints Jersey head of funds
Ryan Taylor has overall responsibility for developing and managing the new fund administration team in the jurisdiction and growing its client base
12 July 2021
Apex buys Germany’s mola-administration
Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds
12 July 2021
You can’t stand under my umbrella
The Greensill scandal has thrown light on umbrella structures, which are now under review by the FCA - what could this mean for private equity?
8 July 2021
The Drawdown Awards 2021: Finalists Announced
Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist
5 July 2021
Northern Trust launches ML document capture
The machine learning document capture tool marks the launch of a series of releases aimed at digitising alternative asset servicing
2 July 2021
Sanne promotes Fowler to global head of PE
He takes over from Oliver Morris, who has recently left the firm to join TDR Capital as head of fund operations
1 July 2021
Suntera granted Jersey licence
The licence enables the firm to support PE, VC, RE and other alternative fund managers with a full range of admin services from Jersey
28 June 2021
Ocorian buys Nordic Trustee
The firm focuses on the Nordic bond market, facilitating issuers access to capital, as well as monitoring and securing bondholders' rights
28 June 2021
All aboard
Setting up a new fund comes with all manner of challenges and complexities; Highvern aims to take the pain out of onboarding with your fund administrator
24 June 2021
Allvue partners with Losange
Losange provides fund administration services, portfolio insights and start-up services to PE and VC funds
22 June 2021
Apex acquires Senasen Group
The SaaS platform delivers a self-service offering to enable GPs to publish multimedia content and research, interact with LPs and build their profile
22 June 2021
Alter Domus buys IEA
The firm delivers tech solutions for complex issues such as LP waterfalls, GP carried interest allocations and forecasting to alternative investment managers
22 June 2021
Crestbridge appoints Luxembourg head of fund services
Ross Thomson will oversee the full range of fund admin services through Crestbridge’s Luxembourg office
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
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)
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