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Fundraising & fund structuring

Apex acquires Brazilian administrator

Banco Modal’s MAF claims to be one Brazil's largest alternative fund admins, with nearly BRL70bn of assets under administration and custody

Fund managers fall short on governance

A large number of previously authorised fund managers have failed to implement the governance framework set out by the Central Bank of Ireland

Domicile watch: October 2020

Key takeaways from the major PE domiciles: including Jersey's new digital registry, Ireland's approval of the limited partnership reform and Cayman's removal from the EU blacklist

WATCH: Technology…and how it’s shaping the operating models of tomorrow

The pandemic has been a catalyst for digital transformation, but there are major challenges still to face

5 minutes with… Thomas Eskebaek, Titanbay

The firm’s CEO discusses how Titanbay is helping smaller LPs to access funds, how funds are selected for the platform as well as how its portfolio monitoring tool works

Apex purchases FundRock

FundRock is an independent UCITS ManCo and AIFM and claims to be the largest third-party manager of UCITS funds in Luxembourg

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

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

Cayman Islands removed from EU blacklist

The domicile adopted necessary reforms to its tax policy framework on collective investment funds in September

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

The ID Register spins out of Apex

Initially backed by Ipes, the Guernsey-based business is a clearinghouse for KYC and investor onboarding

5 minutes with… Mohith Sondhi, OakNorth Bank

The senior director of debt finance explains why the bank is branching out into fund finance, what differentiates OakNorth from other players already in this space and how Covid-19 has opened up new opportunities

Jersey Finance appoints Laity as chair

Laity replaces outgoing Jersey Finance chair Gunther Thumann

Ireland approves limited partnership reform

This amended legislation aims to modernise the Act by aligning it with more recent domestic and EU laws.

Comment: Cross-border marketing of funds

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

EDB receives FCA approval

The authorisation follows last year’s approvals from regulators in Malta and Ireland

US LPs invest £43.6bn into Guernsey-domiciled funds

Guernsey government research found the NAV of Guernsey-domiciled funds under management reached £227.7bn in mid-2019

A true alternative

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

Mainstream expands into APAC

Expansion follows signing of new client, Korea Development Bank Asia

Profile: John Eggleston, Pantheon

The chief technology officer discusses his approach to upgrading the firm’s IT infrastructure, the importance of cybersecurity awareness training and why you should always start with data during tech transformations

Domicile watch: August 2020

Key takeaways from the major PE domiciles: including Jersey's new continuance fees for limited partnerships, Guernsey's limited partnership migrations and Luxembourg's fraudulent websites

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

Bluegem secures sub line from OakNorth

The deal marks OakNorth’s first transaction in the fund finance space

Profile: Peter Finden Bamrud, Verdane

The head of analytics discusses joining PE straight out of uni, the biggest challenges the industry faces and the importance of harnessing data correctly

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

Duff & Phelps launches Ireland Super ManCo

The Super ManCo will provide fully-fledged and flexible management company solutions for all investment strategies

JFSC to develop shared KYC tool

The shared tool enables users to verify customers’ identities

AIFMD evaluation: watch this space

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

Guernsey introduces fund migration regs

The Limited Partnerships (Migration) Regulations 2020 allows limited partnerships to relocate to Guernsey quickly and easily

WATCH: Data strategies for a digital world

Alice Murray speaks to eVestment’s Katey Bogue about how private capital funds are harnessing data to improve operations and performance

RFA launches managed data services

Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform

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

LISTEN: RFA’s George Ralph on data pt3

Our third and final instalment of The Drawdown’s conversation with RFA’s George Ralph looks as LP expectations when it comes to data management and ways to boost transparency.

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?

Investindustrial secures ESG-linked sub line

Investindustrial’s Fund VII has secured a €600m ESG-linked subscription credit facility

Domicile watch: July 2020

Key takeaways from the major PE domiciles: including how Luxembourg, Guernsey and Jersey are adjusting their practices as Covid-19 country lockdowns are eased while Cayman highlights a fraudulent due diligence email being circulated

LISTEN: RFA’s George Ralph on data management pt2

This second instalment discusses data warehousing, the infrastructure that sits around it, data governance, data ingestion, data analytics and how these components impact cybersecurity

Jersey expects increased fund migration following new LP rules

The amendment makes it easier for managers to migrate structures from elsewhere in a quick, cost-effective manner.

DMS Group acquires Oligo

The acquisition enhances DMS’ European product offering to provide Swiss fund services and bespoke solutions to clients

Hong Kong passes Limited Partnership fund regime

The new bill "makes impressive strides" in attracting investment funds, including private equity and venture capital

Lobbardi launches Avardi Partners

Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners

LISTEN: RFA’s George Ralph on data, pt1

This first instalment explores the nuances of developing data strategies, depending on the firm’s size, focus and willingness to to adopt new technologies

LP expert Graye joins forces with qashqade

LP expert and industry advocate Lorelei Graye joins qashqade’s executive advisory

Jersey seeks feedback on LP continuance fees

The proposed fees will only affect foreign limited partnerships wanting to migrate to Jersey

Jersey’s PE funds increase by 11%

Latest figures show private equity assets serviced in Jersey increased from £136bn to £150.5bn in Q1 2020

Jersey increases fund fees

The new rates form part of the regulator’s 2020 business plan

5 minutes with… Matthew Crisp, Wheelhouse

The CEO of Wheelhouse Advisors discusses the firm’s spinout from ACA Compliance and the key tax, regulatory and compliance developments PE firms need to be aware of

Guernsey launches fast-track licencing for overseas funds

The regime aims to enable simultaneous consideration of a migration into the Bailiwick of Guernsey and licencing of the manager within a 10-day period

Comment: Considerations for hiring tax talent

As the importance of having internal tax resources grows, what needs to be considered when hiring this type of talent?

Domicile watch: June 2020

Key takeaways from the major PE domiciles: including how Luxembourg, Guernsey and Jersey are adjusting their practices as Covid-19 country lockdowns are eased while Cayman highlights a fraudulent due diligence email being circulated

Comment: A decade of fund finance in Luxembourg

More competition plus an increasingly complex regulatory environment requires greater sophistication and specific LPA provisions, writes Wildgen's Michael Mbayi

Apex expands Throgmorton in Switzerland

The new office provides accounting and tax compliance services, company secretarial and governance as well as payroll services to businesses operating locally

It’s never too data

Data is the here and now. So how do you actually use it? What steps can you take today?

Guernsey launches guidance on green PE principles

The aim is to bring climate risks and resilience into the heart of private equity decision making

Comment: Liquidity solution

Fund finance provides the solution to today's liquidity needs, writes Bronwen Jones and Leon Stephenson, partners at Reed Smith

Rising LPA amendments

With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments

Alabaster joins Ropes & Gray

He joins from Linklaters where he was a partner for six years.

ODD times

Later stage operational due diligence appears to be pushing through to legals, but more broadly, these exercises will likely be permanently impacted by the crisis