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Rede Partners appoints head of strategic capital advisory

Riccardo Villa will lead the advisory’s alternative liquidity solutions services

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

Stake a chance on… Scarcity Partners

The firm uses an evergreen structure to slow-cook emerging managers in a land down under

The Third Party

The borrowers and lenders of fund finance have credit rating company…

ELTIF 2.0 – A case study

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

Economic symptoms of longevity

Addleshaw Goddard’s latest Funds Trends Report showcases the effects of longer fundraising and investing periods on the economics of the GP-LP relationship

Comment: What you need to know about ELTIF 2.0

Karma Samdup and Vicki Odette, partners at Haynes & Boone, examine how ELTIF 2.0 aims to unlock private market access for retail investors

Next stop – carried interest

Liquidity event delays are having an effect on waterfall calculation models

LISTEN: Top of the ops: Is the grass evergreener?

A conversation with Eurazeo's Luc Maruenda on setting up evergreen fund structures

Ely Place Partners appoints head of research

Gareth Morgan co-founded the firm’s Prospect Private Markets business line

ILPA appoints inaugural general counsel

Appointment comes amid association’s legal battle with PE trade bodies regarding preferential treatment under SEC’s Private Fund Rules

Jolt sells minority stake to Armen

GP stakes investor to support Jolt with continued development of deeptech platform and geographical expansion

Borne but not raised

A tight fundraising and deal-doing environment has GPs pondering how to structure aborted deal costs

General Atlantic takes minority stake in Partners Capital

Transaction is a bid to support firm with managing succession

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

Moonfare launches ELTIF 2.0 strategy

Company targets buyout and growth funds as well as co-investments

LeadingMile partners with Qashqade

The partnership aims to increase European GP access to automated waterfall calculations and cap-table monitoring

Sweet sorrow

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

International Valuations Standards updated

The revised version includes ESG valuation considerations in additional chapters on data and inputs and valuation models

Partners Group appoints CFO

Joris Gröflin joins from Swiss renewable energy producer Axpo Group

Financial Policy Committee outlines systemic risks in private credit

More regulatory scrutiny is expected to be placed on valuations, risk management, liquidity and leverage mechanisms to monitor systemic risks in private credit

Invest Europe updates investor reporting guidelines

The guidelines have been updated from 2018 to make reporting on fund and portfolio returns more streamlined

Cantilever Group launches GP financing platform

Firm aims to support midmarket firms with capital, strategic advice and operational best practices

Intelligent Legal Solutions enters market with side-letter management solution

Company aims to automate side-letter management for law firms and keep billable hours for private equity firms down

Alchelyst partners with Goji

Fund admin adopts fintech technology to help digitalise investor onboarding

Discovery gone digital

VC fund-of-funds AlphaQ has launched AQVC discovery platform, a digital hub connecting LPs, GPs and service providers

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

Reach Capital launches private wealth services

Firm aims to support GPs with their fundraising in the private wealth market

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

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

Profile: Philippe Renauld, Sienna Investment Managers

The CFO and COO shares his passion for operational excellence, highlights the importance of an LP-centric culture and talks ‘democratisation’ of private markets

Gen II partners with Canoe

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

AGF Private Capital stakes majority share in Kensington Capital Partners

Firm aims to build out its private markets offering through stake in private equity firm

Stake a chance on… Armen

The GP stake investor is attempting to differentiate itself through deep roots in the European midmarket, the support it offers GPs and the service it provides to its LPs

Comment: Pain relief from PTR

Jacqueline Petts, partner at Greyhound Capital, says the new Preferential Treatment Rules make the case for AI even more compelling

Stake a chance on… Investcorp’s SCG

Strategic Capital Group’s managing partner Anthony Maniscalco likes his stakes well done

Blueflame AI integrates Microsoft Excel add-in

The update aims to streamline and automate the DDQ process

Profile: Jesper Frydensberg Rasmussen, Axcel

The CFO discusses the importance of clearly defined roles and how CFOs can support their firm in uncharted economic environments

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

Alter Domus launches ELTIF fund admin service

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

Park Square makes round of promotions

Andrew Haywood is now COO, Luke Varley is general counsel and Matthew Maguire assumes the role of CFO

Profile: John Mansvelt, Apheon

CFO and AIFM conducting officer tells the story of his transition from audit to PE, his key governance duties and shaping a new cultural identity

Robin AI secures $26m

Funding aims to expand legal AI tech provider’s presence in the US, inaugurate its presence in Asia Pacific and increase AI engineer headcount

Houlihan Lokey acquires Triago

Triago’s fundraising services to be integrated into Houlihan Lokey’s private funds group

Efama argues for sustainable product categories

Call comes in wake of publication of the UK’s SDR and as SFDR consultation is underway

Canoe partners with K1x

Fintech company pushes the boat out with additional tax document automation functionality

The ELTIF on the shelf

ESMA’s final draft ELTIF Regulatory Technical Standards have been released, subject to the European Commission's approval

Weinberg takes majority stake in Arbevel

Fresh funds to further diversify investment boutique’s business model, support structuring and drive market consolidation

Nikko plans Tikehau stake

The anticipated acquisition is said to be accompanied by the establishment of a joint venture, which focuses on investments in Asia

Passthrough partners with GP Fund Solutions

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

LPs eyeing up AI

Key use cases identified include fund monitoring and competitor benchmarking

Monument launches investor portal

Firm aims to enhance fundraising process for both GPs and LPs

ESG, retail investors and you

The latest Efama conference brought together regulators and asset managers who championed the idea for product instead of fund labels and brainstormed ideas for retailisation

SDCL acquires Volery Capital

Firm aims to expand into US with acquisition which sees Ares Management and Folsom Point Funding continue to hold minority stakes in Volery

Bite Investments launches wealth management feature

Company’s platform to connect asset managers with wealth managers to facilitate fundraising

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

JTC acquires Blackheath

Fund administrator expands its ManCo services for UK-based funds

Magic ID secures €350k

KYC startup aims to use the funding to launch its range of ID verification tools in the UK and the EU

Crossbreed funds

How PE is shedding its ‘illiquid’ skin and creating hybrid funds to access the private wealth market

Katipult launches DealFlow Marketing

The add-on aims to optimise investor marketing operations