Login Newsletter Subscribe Search

Fundraising & fund structuring

AIFMD evaluation: watch this space

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

JFSC to develop shared KYC tool

The shared tool enables users to verify customers’ identities

Guernsey introduces fund migration regs

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

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

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

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

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

Domicile watch

A round-up of key takeaways from major PE fund domiciles, including a Jersey Finance survey, ESG and climate change initiatives as well as regulatory updates

Palatine-backed SMP buys RBC’s corporate services HK

As part of the deal, RBC’s clients and employees of this division will transfer to SMP

CSC expands fund services into Ireland

The firm was granted a licence to provide its offering there by the Central Bank of Ireland

More fund finance, secondaries, comms and PR

MJ Hudson's top predictions of trends expected to emerge following the crisis, including new forms of fund finance, recovering secondaries dealflow and better comms

Q1 2020 NAVs are expected to decrease 9.5%

The survey conducted by Setter Capital also found Q2 2020 NAVs are expected to decrease 12.6%

Nothing to see here: LP defaults are fake news

Following reports of LP defaults, the Fund Finance Association (FFA) has released a statement on current market activity, as well as best practices.

Going back to your roots

Inefficient reporting methods continue to vex LPs. It’s time to go back to the source

Liquidity in lockdown: Lenders

How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?

LPs unsure what capital is being called for

ILPA members have reported confusion over how GPs are using newly called capital and sub lines.

The operating committee

A number of large private equity houses are setting up operating committees in response to the major tasks now faced by non-deal team members

COVID-19: Economic substance adjustments

Could temporary measures drive global consensus on economic substance requirements?

New powers

The proliferation of fund financing products opens an unexpected path for CFOs to operate in a strategic and value-add manner

Fund finance to the rescue

CFOs are well aware of the flexibility afforded by fund finance, but in the face of a global pandemic these facilities are proving to be an essential lifeline

iCapital Network raises $146m

Funding round led by Ping An saw BlackRock take a significant minority stake

The new PE playbook

McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak

The increasingly public world of private equity

In late January, the IPEM conference in Cannes brought together almost 3,000 delegates, spanning all corners of the industry. The key takeaway was that private equity is an increasingly public affair

The Profile: Stephen Richmond, CFO Abris Capital

Stephen Richmond tracks his journey from investment director to CFO, and the nuances of operating funds in central and eastern Europe

Cyprus’ total AUM reaches €6.8bn

The total increased from €5.7bn in 2018 and was dramatically up from €2.9bn in 2017

Jersey PE and VC funds increase by 19%

These Jersey Finance figures are for the year ended December 2019

Jersey fund AUM swells by 17%

Fund assets serviced on the island grew to $481.2bn in 2019

EU blacklists Cayman Islands

Cayman Islands was listed on the Annex II alongside Palau, Panama and the Seychelles as the latest domiciles to not implement tax reforms they had committed to by the agreed deadline

The Ocado of private equity

AtomInvest’s recent white-labelling of its software could be the much needed investor onboarding remedy the industry is seeking

Moonfare reaches €250m AUM

Moonfare’s digital platform allows qualified HNWIs to invest in PE vehicles

The Profile: Diana Meyel, Cipio Partners

Cipio's Meyel discusses the importance of being a strategic operator; why CFOs need to be more visible within their organisations as investors and regulators alike demand stable, robust and predictable platforms

Luxembourg saw fund growth in 2019

Luxembourg’s AUM now totals €4.7trn

PE funds most popular product for Guernsey in 2019

Findings come from Monterey Insight’s 25th Guernsey Fund Report, and account for the year to the end of June 2019

Upside down: an in-depth look at Antler’s model

Antler’s approach to investing turns the traditional VC model on its head, requiring an entirely different approach to operations.

ODD to boost focus on data compliance

Increased use of large data sets to generate alpha is driving increased operational due diligence in how funds manage information

Parallel universe: lure of the Cayman-Lux

Ogier partners Joanne Huckle and Anne-Gaëlle Delabye predict a rise in Luxembourg-Cayman parallel fund structures

Abry Partners backs Options

The investment will support Options' growth via M&A and advancement of its tech offering

The Profile: Jason Howard, Headway Capital

Headway’s CFO Jason Howard looks back at the important lessons learned throughout his career, which now act as intrinsic guides for his current role, where meeting the needs of clients is key.