Fund administration
25 July 2024
Bunch Capital raises Series A
The Berlin-based fintech is planning to launch UK operations soon
24 July 2024
Apex hires MD in Saudi Arabia
Walid Hayeck takes up a senior role at Apex FundRock which was recently licensed by Saudi Arabia’s Capital Market Authority
22 July 2024
Vistra appoints MD for North America
Caroline Baker takes on newly created role as fund admin gears up for expansion
19 July 2024
Apex bolsters US team
The firm has added a chief business development officer in New York
19 July 2024
Highvern appoints two in Ireland
Emma Keane (left) has been named country head while Adrian Bailie (right) steps into the role of head of corporate and capital markets
19 July 2024
Mayfair takes majority stake in VG
GP aims to grow the Jersey-based fund admin through expansion, new customer acquisition and strategic M&A
12 July 2024
Telemos acquires majority stake in Permian
The Nordic fund administrator was previously majority-owned by Levantor
10 July 2024
The Drawdown Awards 2024: The Citco way
The Drawdown talks to Jay Peller of the Citco group of companies (Citco) about its success at The Drawdown Awards
10 July 2024
Watch: Accounting for taste
A webinar, in association with Apex Group, on how GPs can ensure they select the right operating model
9 July 2024
TMF Group acquires Mexico businesses
The acquisition will expand the fund administrator’s presence in the country
9 July 2024
Aztec promotes Choquet to Luxembourg lead
The fund administrator recently launched its AIFM service in Luxembourg
5 July 2024
Apex Group acquires NZ custody and accounting business
The move further bolsters the service provider’s presence in New Zealand
5 July 2024
TMF Group acquires Vasco Trustees
The acquisition will allow TMF Group offer end-to-end support to funds and institutional clients in Australia
4 July 2024
Palmer receives FCA approval
The approval comes just over a year after the company was launched
3 July 2024
Moonfare launches semi-liquid strategy
Strategy to focus on secondary investments and address liquidity challenges
1 July 2024
Moody’s and MSCI team up
Partnership to enhance ESG transparency and explore private credit market opportunities
25 June 2024
IQ-EQ appoints MD for Belgium
Formerly with Deloitte, Philippe Hijazin steps into the role
24 June 2024
Apex receives further investment
Fund administrator receives commitment of $1.1bn from Carlyle and Goldman Sachs’ credit businesses
21 June 2024
Apex Group appoints private clients and family office head
Katie Baxter joins from Jersey office of Ogier
20 June 2024
ZEDRA teams up with CreaPartners
Partnership to expand ZEDRA’s suite of corporate and fund services offerings
19 June 2024
JTC acquires FFP
The acquisition strengthens the fund admin’s position in the Cayman Islands
17 June 2024
Venture360 launches investor reporting tool
Tool transmits all relevant reports and KPIs to provide investors with on-demand access
13 June 2024
Apex launches Unitas
Offering comprises flexible, low-cost fund structuring services for co-investments and feeder funds
13 June 2024
Introducing The Drawdown’s fund admin profiles
Head over to our directory to explore the 25-plus fund admins already on the system, including services offered, technology capabilities, our latest coverage on each provider, and more
11 June 2024
Apex and ACA team up
Partnership creates co-referral arrangement to enhance overall customer experience
10 June 2024
FundGuard teams up with ICE
Partnership to allow users to access ICE’s pricing and reference data through FundGuard
Fund Admin Report 2024
Our 2024 Fund Admin Report - with a comprehensive market overview and in-depth analyses of the latest state of play and more - is now available to download
10 June 2024
The changing shape of the fund administration landscape
Consolidation in the fund administration industry is enabling boutique players to provide bespoke services to smaller firms, say Ogier Global’s David Fowler and David Harvey
10 June 2024
Push and pull
Nicola Le Brocq, director – funds and corporate at Jersey Finance, discusses the importance of fostering an ecosystem fit for the future
10 June 2024
A supportive function
Alter Domus’s Alexander Traub discusses how regulation, fundraising trends and increasingly bespoke investor requirements are placing unprecedented demands on the operations of fund managers
10 June 2024
A sustainable fund by any other name
Bruce Jackson, chief of digital asset funds and business at Apex Group, discusses the value of private asset fund tokenisation
10 June 2024
Losing ground
The fund administration industry faces a shortage of talent and tech, but is there still time to turn it around?
10 June 2024
The future of fund administration is now
Vistra’s Caroline Baker and Rosemary McCollin discuss how proliferating reporting requirements and emerging technologies are creating progress, and frictions, in the private equity sector
10 June 2024
Elevating expectations
CSC’s Ram Chandrasekar suggests that alternative fund managers should demand more from their fund administrators
10 June 2024
Private equity’s data transformation journey
The ability to access timely, accurate and granular data in an automated fashion is critical to creating an efficient and scalable operating model, says Tim Harvey, Citco’s head of private equity and private credit in North America
10 June 2024
Optimising the new for the now
MUFG Investor Services’ chief commercial officer Joseph Latini discusses how preparation and execution are key to success in new global alternative markets
10 June 2024
Why is there such a high churn rate in fund administration?
Aidan O’Flanagan, group head of funds at Highvern, investigates the high turnover and transition rates evident in the sector
10 June 2024
The trends that cannot be ignored
Michael Johnson from Gen II outlines private equity’s process, technology and talent trends that should be front and centre
10 June 2024
Fund administration: The next growth phase
Despite the declining number of fundraisers, climbing demand for outsourcing, technology and cross-border expansion are set to keep the fund administration industry on an upward curve
7 June 2024
Aztec executive board reshuffle
Stuart Fulton has joined as CFO, Jane Hanson as chief people officer and Richard Larnder as chief strategy and transformation officer
7 June 2024
Petra Funds creates outsourced CFO service
Former CFO at US energy fund White Deer, Erin Rathke, has been appointed as managing director to support the offering
6 June 2024
Fundcraft adds Keith Hale to its board of directors
Hale will assume the role of senior adviser
5 June 2024
Suntera comes to Kensington
Fund admin opens London office to provide point of access for clients and professional intermediaries
3 June 2024
In Conversation: Connecting high tech with high touch
As processes become increasingly automated and data determined, what role will personal connections and interaction play in the future of private markets?
30 May 2024
Holtara appoints inaugural global chief commercial officer
Formerly with TimesSquare Capital Management, Yovanka Bylander Arroyo takes up the mantle of global CCO and head of Americas
29 May 2024
Ocorian appoints new CFO
Craig Buick succeeds Gavin James who is now retired from full-time employment
24 May 2024
Aduro Advisors receives investment from Vitruvian
Fresh funds to support long-term strategic growth
16 May 2024
Apex appoints global head of operational transformation
Ken Fullerton steps into the role after nearly two decades at SS&C GlobeOp
15 May 2024
Goodwin welcomes Lux-based partner
Virginie Leroy joins the firm’s private investment funds practice
15 May 2024
Aztec creates AIFM service in Luxembourg
The fund administrator claims it can now act as single outsourcing partner for European GPs
15 May 2024
Apex opens Saudi Arabia office
Fund admin has five offices in the Middle East with new Riyadh location to have the largest headcount
10 May 2024
Petra Funds appoints chief of staff
Steven Antonson previously worked in-house at US VC firm Zero Infinity Partners as CFO and COO
10 May 2024
Linnovate receives $40m
Funding round was led by Singapore-based alternative investments firm SeaTown
9 May 2024
NAV facility volumes up 30% since 2019
Research from Citco suggests minority of facilities used for fund distributions
8 May 2024
Central Bank of Ireland approves two fund admin licences
Fund admins TMF Group and Vistra are now able to service alternative funds in Ireland
7 May 2024
Fundcraft raises €5m in Series A
Fresh funds to accelerate product development and international expansion while investors taking more active role in company’s strategy
1 May 2024
Socium partners with Axos Bank
Partnership to allow Socium to provide loan file management operations for its clients
25 April 2024
Profile: Kasun De Silva
From an education in engineering to career beginnings in fund administration, the COO walks us through going in-house, taking on valuations, launching a hedge fund and returning to venture debt
22 April 2024
Pictet launches ELTIF
Vehicle set to focus on co-investments in environmental technology
22 April 2024
Ennea Capital’s von Herman joins ACE
Former director of operations of VC firm moves to fund admin as VP and head of customer excellence
18 April 2024
Apex acquires South African ManCo
Acquisition of IP Management Company is continuation of growing Apex’s ManCo offering
18 April 2024
Ocorian launches ESG reporting tool
The SFDR and SDR reporting tool is powered by technology from Treety
15 April 2024
3…2…1… lift-outs!
Could back office lift-outs take off in Europe as an alternative to traditional outsourcing?
10 April 2024
Compliance issues cost GPs mandates, says Ocorian
Study from Ocorian and Newgate Compliance additionally shows increasing levels of conflict between fund management and compliance teams
8 April 2024
Gen II launches data management tool
Company aims to integrate fund data admin with in-house teams and third-party platform, streamlining access
8 April 2024
Comment: Retaining control of the detail
Understanding the details, nuances and variables of carry plan management is key for private equity firms aiming to attract and retain talent, argues Ryan Burger of PFA Solutions
3 April 2024
Centralis buys up YLP
Company aims to deepen its reach in the Luxembourg fund outsourcing market
27 March 2024
FundGuard closes on $100m in Series C
Fresh funds to support product innovation and continued onboarding of new and existing customers
26 March 2024
Citco launches document management platform
Offering to combine company’s AI with fund reporting expertise to extract structured data from fund documents
21 March 2024
Zurich Insurance Group partners with Pemberton on private debt
Insurer launches Lux-housed ELTIF product to be managed by Pemberton and invest in private debt
21 March 2024
Waystone receives FCA approval for LTAF
Company claims to be the first independent ACD to have an LTAF approved by the financial watchdog
21 March 2024
No tiff with the LTAF
The Drawdown catches up with Schroders as it gears up to launch LTAF number three to chat operations, investor base and liquidity management
20 March 2024
Corvus launches administration business
The company has added fund administration services to its existing legal and compliance business
20 March 2024
Domos FS partners with Cascade
Partnership will allow Domos FS’s clients to rely on Cascade for AML and KYC matters
18 March 2024
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
12 March 2024
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
12 March 2024
Khepri snaps up two
Fund admin concludes two acquisitions in order to enhance its corporate accounting and company secretarial lines
12 March 2024
Apex appoints head of financial crime
Mark Le Page joins the fund admin from EY where he was extended assurance director
11 March 2024
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
8 March 2024
Socium Fund Services partners with GRMA
Regulatory reporting software to be incorporated into US fund administrator’s compliance reporting platform
5 March 2024
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
1 March 2024
Amicorp FS launches LP onboarding platform
The cloud-based system AMI-GO enhances the document verification process
29 February 2024
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
29 February 2024
Tyrannosaurus Regs?
How are global regulators scrutinising AML procedures and is that oversight increasing?
26 February 2024
ELTIF 2.0 – A case study
How Moonfare provides liquidity to its investors via an auction process instead of redemptions
26 February 2024
Alter Domus forms herd with T-Rex
Partnership to automate EU regulatory reporting for US-based credit firms
20 February 2024
Vistra appoints global head of funds
State Street’s Abdel Hmitti assumes the role and is set to relocate to the US
20 February 2024
LemonEdge partners with ROYC
The partnership aims to enhance ROYC’s management of closed-, open-ended and hybrid funds
15 February 2024
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
14 February 2024
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
12 February 2024
Carta and Merge combine
The partnership aims to enhance equity management processes
8 February 2024
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
7 February 2024
Palmer launches in Madrid
Fund administrator led by ex-Sanne execs expands its European presence
7 February 2024
Ocorian acquires Bovill
Fund administrator adds regulatory consultancy firm into its compliance offering
7 February 2024
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
5 February 2024
Sweet sorrow
The alluring attraction of semi-liquid strategies brings with it a cautionary tale of liquidity (mis)management
2 February 2024
LISTEN: Top of the ops: Operational utopia
The Drawdown team tackles the concept of a PE firm that entirely outsources the investment function
1 February 2024
IQ-EQ partners with Artex
Partnership aims to assist GPs with risk management through non-traditional insurance instruments
31 January 2024
Fundcraft appoints head of fund operations
The digital platform provider has hired Peter Klinkner from IQ-EQ
31 January 2024
ATOZ Services swallows up Fund Solutions
Corporate and tax services provider aims to build out its fund admin capabilities
29 January 2024
Ocorian partners up
Recently announced partnerships include those with ESG reporting solution Treety and investor onboarding platform Goji
23 January 2024
Alchelyst partners with Goji
Fund admin adopts fintech technology to help digitalise investor onboarding
22 January 2024
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
18 January 2024
Apogem and OA close inaugural GP stakes fund at $1.1bn
RidgeLake Partners will target midmarket GPs with an AUM between $1bn and $10bn
17 January 2024
Gen II partners with Canoe
The collaboration aims to assist the fund administrator with automating fund document management
16 January 2024
Highvern expands to Guernsey
Company launches fund admin business after building out its private wealth expertise
15 January 2024
Ventura Fund Services launches fund admin
US-focused offering to service private equity, venture capital and credit
12 January 2024
Apex launches new ESG brand
Holtara is a combined effort from Apex and MJ Hudson, providing data, reporting and advisory services
11 January 2024
Deloitte acquires Alto Advisory
Lux-grown target company assists management companies and depositaries with fund oversight activities and regulatory functions
9 January 2024
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
8 January 2024
Waystone appoints CFO and CITSO
The fund admin welcomes Liliana Solomon and Ian Lilleby to its senior management team
4 January 2024
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