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Fund administration

Champions league

The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.

TDA 2022 Fund Administration: Under $50bn (Total AUM) winner: Highvern

The team discuss its key differentiator and talent management, which impressed the judges

TDA 2022: Double win for Alter Domus

The firm won the Fund Administration: ManCo Services and Fund Administration: Over $50bn (Total AUM) awards

Apex rolls out EDB digital banking platform

Clients can open multi-currency accounts and manage day-to-day transactions through automated market money sweeps from a single dashboard

TDA 2022 Fund Administration: Technology & Innovation winner: The Citco Group of Companies

Jay Peller, head of Citco Fund services details what he describes as the "Citco Way", which enables the team to maintain strong, long-term client relationships

Apex completes Sanne acquisition

Completion of the takeover comes almost exactly one year after Sanne agreed to the £1.5bn deal

NAV Fund Administration expands to Mauritius

The firm received a management licence from the Mauritius Financial Services Commission to operate as a managed corporate service provider

Apex partners with AlphaCentrix

The partnership aims to AlphaCentrix provide data management solutions to clients

Petra opens London office

Former Riverstone European general counsel and head of ESG, Charlie Chipchase, will lead the fund administrator’s new branch

CVC sells stake in TMF Group to itself

Abu Dhabi Investment Authority has also taken a significant minority stake

JTC promotes Mueller to group director

The firm has also made 100 staff promotions across the business

Profile: Laura Howes, Key Capital Partners

The finance & operations director discusses her move from origination to finance and ops, challenges in her new position, as well as her involvement with the firm’s tech stack

Outsourcing vs insourcing: is there another way?

Clifford Norton and Gilles Pelosato of AssetMetrix explore the key drivers behind both outsourcing and insourcing, and explain how technology-as-a-service can offer an alternative path.

Arrow opens Luxembourg office

The new office will provide fund administration services via a local team

Profile: Bonnie Kraus, Crane Venture Partners

The COO discusses her career path to Crane, what PE could learn from VC as well as what’s in store for the firm in Q1 2023

Apex acquires Context365

Context365 connects LPs and GPs through its SaaS digital networking and research platform

Ocorian secures three Irish licences

The fund administrator has received AIFM, fund administration and real asset depositary services licences from the Central Bank of Ireland

Accelex partners with Universal Investment

The partnership aims to provide clients with advanced data services for alternative investment portfolios

Apex buys Darwin

The Netherlands-based depositary services provider works with alternative investment funds

EFA expands to the Nordics

The fund administrator has opened an office in Stockholm

Apex launches portal for credit managers

Credit Data Lens provides real-time loan performance data and P&L calculations

Aligning ESG efforts with your fund administrator

With LPs increasingly interested in how private equity firms themselves are operating when it comes to ESG, it’s worth thinking about a GP’s own suppliers and third party providers to ensure both parties are aligned.

Gen II appoints Millner as CEO

Appointment marks a wider reshuffle of the firm’s leadership team

Apex acquires ZASMalta

ZASMalta provides regulatory compliance and risk management services to 50 clients

Gen II selects NTT

The partnership aims to accelerate the firm’s digital transformation

FundRock expands to the Netherlands

The new office in Amsterdam will provide fund distribution services to clients

Profile: Patrick Camenisch, Evoco Private Equity

The director of finance and operations discusses automating processes, fund administrator challenges, and why Evoco switched fund domicile from Jersey to Luxembourg

IQ-EQ appoints sustainability manager

Sanaa Hira has joined from GAM Investments to take up the newly-created role

Fund finance tracker: 2nd edition

The latest instalment of the Fund Finance Tracker found tightening of NAV loan amounts and increased activity for GP facilities

Crestbridge secures new Bahrain licence

The licence enables Crestbridge to continue its fund administration work in Bahrain following the restructure of its Middle Eastern business

JTC’s Tracey joins Oak Group

James Tracey will head up the firm’s Guernsey funds business

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