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Common pitfalls when drafting an LPA

Common mistakes and oversights made when putting together the LPA, and tips on how to avoid them

Kirkland & Ellis appoints Cox

Alexander Cox joins K&E's tax practice from Ashurst

Comment: New tax regime for UK asset holding companies

Ropes & Gray partner Brenda Coleman and associate Tim Waters detail the latest development for the UK funds industry

InCloudCounsel secures $200m Series B

The contract automation company has also rebranded to Ontra

FCA moves ahead with LTAF

The rules aim to provide sufficient investor protection and enable DC pension schemes to invest in the LTAF

The rise of the cross-border transaction

Reed Smith partners Stephen Mooney and Sam Webster detail the latest evolution in the way funds operate and structure deals

IPEM 2021: Adapting to a virtual world

Klas Tikkanen, COO of Nordic Capital talks about adjusting to remote working through the pandemic, as well as the process of raising two funds virtually

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

GP commitments increase

According to MJ Hudson, more fund managers contributed a 3% GP commitment compared to those who committed 2% or less last year

Law school: litigation funds

Litigation funds are fast-becoming a fundamental part of the global justice system. While the 'assets' they manage differ greatly to those of traditional private capital funds, the way in which they operate is almost identical.

Accelex expands automation capabilities

The new feature enables firms to streamline investor operations to process thousands of private markets fund performance reports each quarter

Domicile watch: July 2021

Key takeaways from the major PE domiciles: including Denmark's ranking as most business-friendly domicile, increased fund fees for Jersey and Guernsey's proposal for increasing fees

Profile: Feizal Moossa, Adenia Partners

The chief risk officer discusses the importance of his role within private equity, how his responsibilities have evolved since joining Adenia in 2003 as well as operating without an in-house legal team

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.

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

A guide to Germany’s new pre-marketing rules

New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist

Domicile watch: June 2021

Key takeaways from the major PE domiciles: including Guernsey's updated code of corporate governance, Luxembourg's FAQ on MiFID application and Cyprus' new form related to cross-border activities

Profile: Jonathan Pugh-Smith, Bregal Investments

The general counsel of funds discusses why he joined the firm, the diversification of Bregal's LP base and the ongoing challenges around regulations

KPMG joins campaign for reporting taxonomy

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

What do LPs do with all the data?

A recent webinar discussion explored what information is being transmitted from GPs to LPs

Profile: Rebecca Noyes, Alderwood Capital

The CFO discusses joining the newly-launched firm, the perks of having no legacy issues as well as Alderwood's core beliefs and growth plans

ESMA publishes guidelines on cross-border marketing

The guidelines specify the requirements funds’ marketing communications must meet

Profile: Sedef Köktentürk, Blue Horizon

The managing partner & COO discusses upgrading the impact investor's technology and processes, how the niche strategy impacts her role, and how being an Olympic athlete taught her the value of collaboration and cooperation to achieve goals

FCA requests feedback on new long-term asset fund

LTAF aims to provide an open-ended fund structure that accommodates PE, VC, private debt, real estate and infrastructure strategies

In conversation: Do we even need standardisation?

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

WATCH: What do LPs do with all the data?

A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information

LISTEN: Do we even need standardisation? Episode 2

The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?

LISTEN: Do we even need standardisation? Episode 1

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

5 minutes with… Charlie Jolly, RSM

The head of private equity discusses how RSM supports GP fund restructurings; the importance of valuations, and the latest innovations within the process

A guide to continuation funds

Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue

5 minutes with… Simon Thornton, PEARonline

Simon Thornton, founder of private equity investor portal and fundraising data room PEARonline discusses the company’s origins, the importance of secure data transmission and upgrade plans

Legal: Fund Structuring award winner: Travers Smith

Fund partner Sam Kay merits the win to the firm's heritage in private equity as well as its active thought leadership

Deeper Perspective: The UK Funds Regime

Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?

LP location most important factor in fund structure selection

Alternatives Watch’s 2021 Fund Formation Survey found 20% of respondents cited regulatory regime as another important consideration for dictating the type of fund launched

Operational Lens: Agathos Fund II

A detailed inspection of the operational function's input in Agathos Management's recent first fund close on its sophomore fund

5 minutes with… Ian Connatty, British Patient Capital

Ian Connatty of British Patient Capital discusses the evolution of fund operations from an LP perspective, changing skill sets, and lasting impacts of the pandemic

Profile: Jasi Halai, 3i

The group financial controller & operating officer discusses working within the finance dept of a listed firm, leading system implementations and transformations as well as her role in the firm's committees

GAAP in Lux

Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds

Spending power: Getting a handle on legal expenses

A recent webinar discussion looked under the bonnet of legal spending

Colmore launches Stride

Stride automates and enhances the collection, extraction and analysis of unstructured data

Capital call levels greater than distributions

Latest findings from Triago and Cebile highlight the oddities of 2020, including the rapid rise of GP-leds

LISTEN: InCloudCounsel’s Pospisil on the future

Troy Pospisil explores how the regulatory landscape for private capital funds is evolving, how investor demands are changing and how InCloudCounsel’s offerings aim to support these developments

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

LISTEN: InCloudCounsel’s Pospisil on document abstraction

Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about what it is, how it works and how it supports private equity legal teams, as well as the wider organization.

LISTEN: InCloudCounsel’s Pospisil on private equity roots

In the first instalment of our mini podcast series, Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about the company’s origins: what drove him to set up the firm and how it has developed over the past seven years.

Find & Seek: follow-on funding

CFOs seeking follow-on funding in order to preserve value have multiple options, but which is the winning strategy?

WATCH: No place like home: finding the right fund domicile

Predictability, reliability and quality are key components, according to our expert panel

Ocorian acquires Newgate Compliance

The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.

Take back control

In a bid for more control, GPs have been asking fund administrators to work on their own systems, rather than the administrator's

Comment: Cross-border marketing of funds

Richard Small, partner of Addleshaw Goddard, deciphers increasing complexities around crossborder marketing rules

A true alternative

From alternative law firm to publicly listed full-suite asset management consultancy, MJ Hudson has had an outstanding decade

Comment: Navigating capital calls

Lydia Danon and Shelley Drenth of law firm Cooke, Young and Keidan, outline practical steps PE firms ought to be taking to mitigate potential capital call conflicts

UK GPs spend $8.6m on legals annually

A new report has revealed how much private equity firms are spending on external legal counsel

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

AIFMD evaluation: watch this space

The European Commission’s recent evaluation of the directive leaves the industry unsure as to what will happen next

ILPA unveils deal-by-deal model LPA

This latest model comes off the back of strong demands for a template to use for a DBD structured agreement

LIBOR limbo

While it might seem as though there’s plenty of time for managing the transition, if left too late, GPs will have to accept whatever replacement rate they’re given

Steadying the ship

Can a solid operating platform provide much needed certainty in an increasingly uncertain world?