Fundraising & fund structuring

Red flags

At what point
does a potential
investor become 
a reputational risk?

Filament Syfter and SourceScrub team up

Partnership aims to support firms in data-driven decision making

ERM and Greenomy join forces

The sustainability consultancy aims to incorporate Greenomy’s ESG reporting services

What the AI?!... NGP Capital

VP of data analytics Atte Honkasalo and partner Christian Noske discuss how NGP’s internal startup search platform is shaking up operational workflows

BlackRock joins Allfunds’ Private Partners programme

Firm aims to broaden access to its private markets offering for wealth management clients

Ontra expands legal operating platform

Ontra Atlas is an automated entity management solution

Socium Fund Services launches loan agency and administration services

The Suntera Global-owned fund administrator extends its product offering to private credit firms

Paloma Capital signs fund finance facility with OakNorth

The PE real estate investor has secured a £45m revolving credit facility

DIY in the wild wild East

Across Lebanon and Palestine, enterprising GPs are piloting their industry with no legislative framework or operational ecosystem, as Matthias Plötz investigates

Deutsche Beteiligungs AG acquires Elf Capital

The German asset manager will also co-invest up to €100m into Elf Capital’s funds

MML promotes Darroch to partner

The finance director has been at the firm since 2021

Dancing to the same tune?

With GP stake investors increasingly eyeing the European mid-market, GPs must ensure they are in sync with their new partners.

Altum Group granted UCI extension

The extension to the Undertaking for Collective Investment allows the company to offer its services to all alternative investment funds

Gen II launches strategic and digital solutions group

Robert Caporale has been appointed as group president

Alpha acquires Cobase

FX solutions provider set to acquire 85% of the multibank connectivity platform, subject to approval from the Netherlands’ central bank

Vector updates fund accounting tool

The fund administrator has incorporated a GP and LP portal into Valence

Data constraints the biggest ESG integration hurdle

Some 71% of respondents to the BNP Paribas ESG Global Survey 2023 find lack of ESG data quality a major barrier to making more sustainable investments

Cardano partners with DiligenceVault

Risk and sustainability advisory firm to integrate digital diligence platform for automated ODD services

Apex establishes presence in Korea

Non-executive director Simon Hurst will advise on the office launch

What the AI?!

CEO of Ed Green shares how the firm is making operations smoother with automation

Govern up

Shaking off reputation by association can be tough in emerging markets

Welsh joins Partners Group

Kieran Welsh joins the fund finance team, and was previously at National Australia Bank

Valutico partners with Integra International

Tax, audit and accounting association will offer Valutico’s valuation services to its clients

Profile: Yacine Zarrouk, Ardian

Head of Ardian Abu Dhabi reveals to us the strategic aspects of setting up a regional office in the UAE

Context Analytics launches CAPE

The software automates data extraction from various pitch decks into a structured format

Onboarding liquidity providers biggest FX operational challenge

MillTechFX’s latest report lays out the biggest operational obstacles when it comes to FX hedging

GLAS to acquire French trust business Pristine

Pristine’s fiducie and fund structuring and management services will be folded into the GLAS SAS business offering

Mirabaud Asset Management partners with Zebra Impact Ventures

The two asset managers will combine forces to target the climate technology sector

Same soup just reheated

LPs’ operational priorities are unchanged in 2023 and include automation, understanding new investment structures and creating workflow efficiencies, Dynamo Software survey finds

What’s in a name?

European Commission’s Retail Investment Strategy to further amend AIFMD and do away with ‘undue costs’, broaden definition of professional investor and ban inducements

Private debt is LPs’ best race horse

Private equity maintains position as investors’ preferred asset class but private debt overwhelmingly outperformed expectations

GP Fund Solutions anchors in Ireland

Fund administrator is the latest non-European player to make a move into the bloc, following the news of Crestbridge and Altum in July

HPE Growth sells minority GP stake

Nieland Family Office’s involvement to provide fresh funds and address succession planning

Sounds of the summit… Tech spec

A post-summit debrief sees BGF’s Alastair Pilgrim and Federated Hermes’ Matt Guy discuss developing tech stacks

Securitize acquires Onramp Invest

The acquisition allows registered investment advisers to offer PE investments to their clients

PER opens New York office

Oliver Noye has been appointed as head of the division

Sounds of the Summit… ODD one out

As fundraising gets tougher, ODD processes are getting longer and more demanding. However, according to speakers at the Operational Leaders’ Summit, there could be some bright spots amidst the gloom.

Ogier promotes Tuohy to partner

Tommy Tuohy advises on fund finance in the Cayman Islands

TMF acquires FIDD

The fund administrator consolidation will expand TMF’s presence in Latin America

MSCI acquires Burgiss

MSCI will purchase the remaining 66% of the data provider

Foresight promotes Banks to fund finance director

Lynsey Banks manages a fund finance team of six individuals in London

Inveniam launches Inveniam AI

The Miami-based division is developing automated blockchain-enabled data interpretation tools for private markets

Pen to pension

How DC pension master trusts are looking to tap into PE

IDR secures Hamilton Lane investment

Hamilton Lane has also integrated IDR’s onboarding services into its own processes

PitchBook expands LCD research

The data provider has added LCD Credit News and Debt Deal Data into its platform

Comment: Avoiding the tripwires

Pinsent Masons partner Mark Shaw details how to avoid regulatory issues when distributing non-EU funds within the EU

Waystone LFS acquisition satisfies contractual conditions

The sale is expected to be completed by October 2023

5 min with… Marcus P. Höfer, base camp management consulting

In conversation with The Drawdown, the CEO explains what the firm’s philosophy of ‘being a sparring partner to the CFO office’ means in practice and talks about industry trends.

Profile: Markus Gyssler, EMERAM Capital Partners

The managing partner and COO reflects on 10 years at the firm, walks through its succession programme and explains how he combines operational with investment duties

Guernsey updates compliance audit requirement

GPs are now required to appoint an independent audit role

Lux the builder

How have the Luxembourg toolkit updates affected the funds industry?

Around the books in 80 days

GPs' travels through the auditing process

Permira buys stake in AltamarCAM

Fresh funds to further AltamarCAM’s client services and international expansion

Socium Fund Services partners with Broadridge

Socium will incorporate Broadridge’s Sentry tool to improve its debt fund administration services

Sounds of the summit… Asset managers assemble

Discussions from OLS concluded that the time to create a ChatGPT policy was yesterday. Here’s why your firm needs one too

Kudu acquires stake in Apera

Minority investment to fuel Apera’s growth and diversify firm’s client base

Goldman Sachs launches ELTIF

We speak to Barry Fricke, head of EMEA alternatives distribution for wealth at the firm, to understand the operational setup of the fund

Pinsent Masons grows Luxembourg funds team

Benoît Rose joins after four years at Ogier and becomes firm’s third addition to the team this year

Apex acquires Axess Accounting Office

The acquisition expands Apex’s presence in Japan

Regulators continue to woo retail investors in PE

As France proposes to remove further ELTIF restrictions, the FCA issues a policy statement opening up LTAF to retail and DC pensions schemes investors