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Fund administration

Apex partners with VCP Advisors

VCP provides advisory, capital raising and restructuring services

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

Standish expands to UK

Following authorisation from the FCA, the London office provides UK administration and depositary services

Ocorian hires head of global funds

Garrett Breen joins from JP Morgan where he spent the last five and a half years

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

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

EFA adopts NeoXam

NeoXam’s Impress platform covers the full reporting process

Mainstream adopts Harmonate

The partnership enables Mainstream to automate private capital data operations

Citco opens Hyderabad office

The new office provides fund servicing, banking as well as technology support functions

Zedra appoints two

Charles-Alexandre Houillon has been named director of fund management services, while Murjel Breedveld Jagesser is client director, both in Luxembourg

Suntera acquires Reference

Reference provides central and corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation services

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."

Crestbridge granted Irish licence

The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland

Apex buys ASR

ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland

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

Apex buys GCG

California-based GCG provides services to private equity and venture capital funds as well as technology companies

TowerBrook invests in EisnerAmper

EisnerAmper provides comprehensive audit, accounting, advisory, consulting and tax services as well as analytical insights to clients

Apex bids £1.5bn for Sanne

The all cash offer saw Apex bid 920 pence per share for Sanne

Gen II buys Stone Pine

Stone Pine provides private equity fund administration, tax and investor services to various PE fund structures

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

TMF Group’s White joins Oakbridge

John White is responsible for overseeing compliance at both Oakbridge Funds and The ED Group

MJ Hudson buys Guernsey-based Saffery Champness

Deal values Saffery Champness Fund Services (SCFS) at £2.8m

IQ-EQ buys Ireland’s DGFM

Acquisition follows launch of a dedicated funds service segment in Ireland in March

State Street acquires Mercatus

Acquisition connected to launch of front-to-back, full-suite investment management platform

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.

Carlyle and Mubadala invest in Apex

Fresh capital comes just one month since TA Associates acquired a significant minority in the fund administrator

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

Apex buys Germany’s mola-administration

Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds

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?

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

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

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

Apex buys Mainstream for AUD$415m

The deal marks a 133% increase on the original bid

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

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

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

Allvue partners with Losange

Losange provides fund administration services, portfolio insights and start-up services to PE and VC funds

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

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

Crestbridge appoints Luxembourg head of fund services

Ross Thomson will oversee the full range of fund admin services through Crestbridge’s Luxembourg office

TA Associates invests in Apex

Apex was founded in 2003 by Peter Hughes in Bermuda

Northern Trust extends capabilities in Switzerland

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

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

KPMG joins campaign for reporting taxonomy

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

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

Cinven ups bid for Sanne to £1.42bn

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

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

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

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

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

5 minutes with… Simon Page, Hawksford

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

Aztec opens US office

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

Crestbridge’s Bird joins Argentex

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

Caceis appoints head of depositary services

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

CSC secures Irish depositary licence

The firm received its Irish fund administration licence last year

Apex acquires Tzur Management

The deal marks the fund administrator's expansion into Israel

Sanne declines Cinven’s £1.35bn offer

Takeover bid highlights strong appetite for fund administrator take-privates

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

Ultimus hires Anduiza

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

Crestbridge’s Newton joins LGL

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