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Fund administration

5 minutes with… Will Roxburgh, Khepri

The managing partner talks MJ Hudson management buyout origins, the market consolidation in fund administration and its consequences for the rise of boutique firms

Ocorian’s Nordic Trustee comes to the UK

Anatoly Sorin will head the London team

European Commission rejects ESMA’s ELTIF 2.0 draft RTS

Liquidity mechanisms have been revised to make it easier to set up evergreen funds and to better attract individual investors to private markets, but the proposals still divide the investment community

Khepri snaps up two

Fund admin concludes two acquisitions in order to enhance its corporate accounting and company secretarial lines

Apex appoints head of financial crime

Mark Le Page joins the fund admin from EY where he was extended assurance director

SimCorp and State Street expand partnership in Germany

Collaboration to support State Street’s accounting, fund admin and data processing services in the local market

Second(aries) to none

Pros and cons of tokenisation for the secondaries market

Socium Fund Services partners with GRMA

Regulatory reporting software to be incorporated into US fund administrator’s compliance reporting platform

Cinven invests in Alter Domus

GP to acquire half of the founders’ and Permira’s stakes in the fund admin; aims to grow company in key markets and customer verticals

Amicorp FS launches LP onboarding platform

The cloud-based system AMI-GO enhances the document verification process

5 minutes with… Joanne McEnteggart, IQ-EQ

The global head of debt, capital markets and corporate at IQ-EQ talks about private debt challenges, prioritising talent and Ireland’s prospects as a fund domicile

Tyrannosaurus Regs?

How are global regulators scrutinising AML procedures and is that oversight increasing?

ELTIF 2.0 – A case study

How Moonfare provides liquidity to its investors via an auction process instead of redemptions

Alter Domus forms herd with T-Rex

Partnership to automate EU regulatory reporting for US-based credit firms

Vistra appoints global head of funds

State Street’s Abdel Hmitti assumes the role and is set to relocate to the US

LemonEdge partners with ROYC

The partnership aims to enhance ROYC’s management of closed-, open-ended and hybrid funds

Seven out of 10 fund managers received AML fines in last two years

Ocorian’s latest survey finds alternative investment firms concerned about increasing AML risks

5 minutes with… Matias Collan, CEO and managing director of ACE Alternatives

The founder of the German-based tech-focused fund admin business discusses the firm’s approach to addressing industry pain points

Carta and Merge combine

The partnership aims to enhance equity management processes

ESG: The fund-of-funds perspective

Once removed from the underlying portfolio, this type of LP is focused on private equity’s journey rather than instant compliance

Palmer launches in Madrid

Fund administrator led by ex-Sanne execs expands its European presence

Ocorian acquires Bovill

Fund administrator adds regulatory consultancy firm into its compliance offering

ESG ratings providers to comply with transparency requirements

The European Commission and Parliament have reached a provisional agreement on how ESMA can supervise these entities

Sweet sorrow

The alluring attraction of semi-liquid strategies brings with it a cautionary 
tale of liquidity (mis)management

LISTEN: Top of the ops: Operational utopia

The Drawdown team tackles the concept of a PE firm that entirely outsources the investment function

IQ-EQ partners with Artex

Partnership aims to assist GPs with risk management through non-traditional insurance instruments

Fundcraft appoints head of fund operations

The digital platform provider has hired Peter Klinkner from IQ-EQ

ATOZ Services swallows up Fund Solutions

Corporate and tax services provider aims to build out its fund admin capabilities

Ocorian partners up

Recently announced partnerships include those with ESG reporting solution Treety and investor onboarding platform Goji

Adepa acquires Fidupar

Two Luxembourg fund admins combine

Alchelyst partners with Goji

Fund admin adopts fintech technology to help digitalise investor onboarding

The ops ‘n’ regs of wealth managers

Amid traditional LPs maxing out their allocations, PE looks to wealth managers to fill the gap – but they come with distinct requirements

Apogem and OA close inaugural GP stakes fund at $1.1bn

RidgeLake Partners will target midmarket GPs with an AUM between $1bn and $10bn

Gen II partners with Canoe

The collaboration aims to assist the fund administrator with automating fund document management

Highvern expands to Guernsey

Company launches fund admin business after building out its private wealth expertise

Ventura Fund Services launches fund admin

US-focused offering to service private equity, venture capital and credit

Apex launches new ESG brand

Holtara is a combined effort from Apex and MJ Hudson, providing data, reporting and advisory services

Deloitte acquires Alto Advisory

Lux-grown target company assists management companies and depositaries with fund oversight activities and regulatory functions

Catalysing fund administration

Independent fund administrator Alchelyst emerges in Ireland and aims to differentiate itself through employee ownership, state-of-the-art tech and close-quarters service culture

Waystone appoints CFO and CITSO

The fund admin welcomes Liliana Solomon and Ian Lilleby to its senior management team

UK regulators consult on the operational resilience of critical third parties

FCA, PRA and Bank of England welcome feedback on the proposed framework deeming certain third-party organisations as ‘critical’, to reduce any associated systemic risks to the financial services industry

Alter Domus launches ELTIF fund admin service

The added functionality supports the administration of private market open-ended funds and includes liquidity management support

Q&A: Outsourcing utopia

Tim Harvey of Citco Fund Services (USA inc), explains how it is vital to build a real partnership with your fund admin

Operational utopia

If operations professionals made all the decisions, what would the perfect PE firm look like?

Got Your Back acquires Nordic Depositary Services

Fund administrator expands capabilities in real estate and infrastructure depositary services

Apex engulfs Edmond de Rothschild’s asset servicing line

The acquisition of EdR’s Luxembourg PE fund admin division represents Apex’s latest takeover

Postcards from Portugal: Keep your fund admins closer

In a final reflection from The Drawdown’s Operational Leaders Summit, we highlight views on nearshoring and the need to love your fund admin

Apex invests in Tokeny

The fund administrator sees asset tokenisation as the future of private markets

Depo mode

Do depositary services add value to PE firms?

Vistra acquires Kroll’s Lux ManCo

Fund admin aims to support loan secondaries market through Kroll’s AIF and UCITS licences

Waystone partners with Milestone Group

Collaboration sees implementation of latter’s NAV oversight tool into Waystone’s authorised corporate director business

Passthrough partners with GP Fund Solutions

Collaboration aims to provide a streamlined investor onboarding process, thereby improving fundraising and subscription activities

TMF partners with Broadridge

Partnership sees TMF adopt Broadrige’s private debt and CLO management solution as company looks at launching CLO administration offering next year

Altum secures Irish TCSP licence

Gaining a presence in Ireland expands the fund administrator’s existing European presence

The UK’s nice green labelling machine

Response to FCA’s SDR positive as regulatory arbitrage remains around applicability to overseas funds, portfolio management and practice of its highly anticipated anti-greenwashing rule

Aztec takes bite out of Big Apple

Fund administrator continues US expansion with opening of New York office

Carta expands to the Middle East

Fund administrator rolls out business with initial customers including Global Ventures, BECO Capital, Cotu Ventures and Outliers VC

MUFG IS anchors in Malaysia

New office to provide full-service offering across fund accounting, administration and asset servicing

Home game Sweden

A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds

Profile: Martim Avillez, Limerston Capital

The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times