Fundraising & fund structuring
16 September 2021
Less than half of LPs accept standard DDQs
DiligenceVault found 58.8% of LPs send custom DDQs to their managers
15 September 2021
Synechron partners with Accelex
Partnership aims to accelerate unstructured data extraction and management
14 September 2021
IPEM 2021: The LP view
Michael Lindauer, MD of Allianz Capital Partners explains why LPs should stay calm and invest consistently
13 September 2021
Standish expands to UK
Following authorisation from the FCA, the London office provides UK administration and depositary services
9 September 2021
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
8 September 2021
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
7 September 2021
Carlyle secures €2.3bn ESG-linked facility
Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training
3 September 2021
Citco opens Hyderabad office
The new office provides fund servicing, banking as well as technology support functions
2 September 2021
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
31 August 2021
Aumni secures $50m series B
Through a combination of AI and human expertise, Alumni’s platform extracts and analyses critical deal data buried in dense legal agreements
31 August 2021
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.
26 August 2021
5 minutes with… Antoine Sage, PE Cube
“A typical buyout fund, for example, with 50 LPs and 10 portfolio companies generates around 10,000 documents during its lifespan, which equates to about 40,000 emails. Managers need a dedicated tool to manage this quantity of information.”
25 August 2021
Domicile watch: August 2021
Key takeaways from the major PE domiciles: including the FCA's third consultation paper on UK IFPR, Guernsey's appointment of a strategic adviser for green and sustainable finance and Hong Kong's SFC amended fund manager code of conduct
24 August 2021
Accelex expands automation capabilities
The new feature enables firms to streamline investor operations to process thousands of private markets fund performance reports each quarter
19 August 2021
ILPA seeks feedback on DDQ and DEI metrics
These latest updates aim to reflect the changes in the industry over the past several years, specifically around ESG and DEI
11 August 2021
Crestbridge granted Irish licence
The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland
11 August 2021
Preqin acquires Colmore
The acquisition enables both firms to serve their clients across the entire private market investment lifecycle, from fundraising to due diligence and portfolio monitoring
10 August 2021
Apex buys ASR
ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland
9 August 2021
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
27 July 2021
ICG secures €1.45bn ESG-linked sub-line
Facility was provided by Standard Chartered Bank, BNP Paribas, ANZ Banking Group, ING Bank, and Royal Bank of Canada
26 July 2021
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
26 July 2021
Comment: Navigating through the storm: An evolution in fund finance
Leon Stephenson and Colin Baker of Reed Smith outline the various uses and advantages of NAV facilities
22 July 2021
IQ-EQ buys Ireland’s DGFM
Acquisition follows launch of a dedicated funds service segment in Ireland in March
22 July 2021
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
21 July 2021
State Street acquires Mercatus
Acquisition connected to launch of front-to-back, full-suite investment management platform
19 July 2021
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.
14 July 2021
MYCDD partners with IDnow
The partnership enables MYCDD to provide its clients with KYC services
12 July 2021
Apex buys Germany’s mola-administration
Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds
12 July 2021
17Capital closes fifth fund on $2.9bn
The GP has raised $4.5bn in total for preferred equity portfolio financing
12 July 2021
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?
8 July 2021
The Drawdown Awards 2021: Finalists Announced
Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist
7 July 2021
Aliante secures €160m preferred equity
“The Aliante Equity 3 preferred equity transaction is a unique and complex GP-led secondary that reflects the growing adoption of preferred equity for liquidity and add-ons”
7 July 2021
Diligend and eVestment announce partnership
The agreement allows clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform
5 July 2021
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
1 July 2021
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
1 July 2021
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
30 June 2021
Bridgepoint plans IPO
The private equity firm is hoping to raise around £300m to support growth plans, while providing greater strategic flexibility
29 June 2021
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
28 June 2021
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
24 June 2021
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
22 June 2021
ODD: social media increasingly important
29% of PE LPs now use social media as part of their ODD on potential investee funds
18 June 2021
Northern Trust extends capabilities in Switzerland
The firm received regulatory approval to provide custodian, depositary, transfer agency and ancillary services in Switzerland
18 June 2021
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
17 June 2021
KPMG joins campaign for reporting taxonomy
KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)
15 June 2021
17Capital finances Investcorp assets
The $200m portfolio financing provides 17Capital with exposure to a diverse set of assets
15 June 2021
Investec’s Mansy joins Macquarie
Investec is winding down its operations in Australia to focus on the UK and South Africa
14 June 2021
LPs increasingly concerned by tax and regulatory changes
43% of LPs identified regulatory changes as the greatest risk to PE returns
10 June 2021
LemonEdge receives $2.5m
“LemonEdge brings a complete no- and low-code solution to the challenges of general ledger accounting for the private capital market”
10 June 2021
Comment: ESG and fund finance
Michael Mbayi of Wildgen and Thomas Hallett of Barclays explore how funds can embrace ESG fund finance solutions
7 June 2021
What do LPs do with all the data?
A recent webinar discussion explored what information is being transmitted from GPs to LPs
3 June 2021
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
2 June 2021
Investcorp delists
The GP will delist from the Bahrain Bourse and become a closed shareholding company
28 May 2021
ESMA publishes guidelines on cross-border marketing
The guidelines specify the requirements funds’ marketing communications must meet
28 May 2021
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
27 May 2021
Aztec opens US office
The new office specialises in fund and corporate accounting and administration for PE, VC, private debt, infrastructure, and RE sectors
26 May 2021
Cadwalader’s Cross joins Addleshaw Goddard
Cross joins from Cadwalader, Wickersham & Taft where he was part of setting up the law firm’s fund finance practice in Europe
26 May 2021
Accelex secures $5m
The funding round was co-led by Illuminate Financial and AlbionVC, both of which will join the firm’s board of directors
21 May 2021
Domicile watch: May 2021
Key takeaways from the major PE domiciles: including the FCA's consultation on a new long-term asset fund, JFSC's investment business fees for 2021-22 and promotions across Guernsey and Cayman
20 May 2021
Comment: ESG fund financing trends
Sarah Lobbardi of Avardi Partners details the latest trends around ESG-linked fund finance