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Fundraising & fund structuring

Diligend partners with Intralinks

The partnership enables mutual clients to automate document acquisition from Intralinks’ virtual data room directly into Diligend

Comment: Fund forecast

Mohith Sondhi of OakNorth Bank shares his top predictions as macroeconomic challenges intensify

ESMA consults on cross-border activity notifications

The proposals aim to standardise the process of notifying EU member state NCAs using standardised information and templates

ODD: background checks most important

New findings show background checks and references are the most important ODD considerations for LPs

17Capital promotes Shahin to partner

General counsel Emad Shahin has been at the firm since 2019

Jersey amends limited partnership law

Latest amendments aim to provide fund managers with greater flexibility in international fund structuring

Profile: Susan Wilkins, Actis

The COO discusses her pathway from Actis portfolio company to the GP, taking over management of Abraaj funds and her role as a member of the inclusion & diversity committee

Profile: Razzak Akbar, Freshstream

The CFO discusses Freshstream’s spinout from Bregal, the ongoing relationship between the two firms and setting up the Dutch office

Zedra acquires Atlas Fund Services

The firm also received a minority investment from British Columbia Investment Management Corporation

Domicile watch: April 2022

Key takeaways from the major PE domiciles: including Jersey’s NPPR use by AIFs and CIMA’s latest promotions

5 minutes with… +SUBSCRIBE

+SUBSCRIBE’s Rafay Farooqui talks us through the platform’s onboarding and subscription document processing capabilities

Circularity secures first ESG-linked facility

The firm has put a fund finance facility in place to provide more flexibility for future investment processes

Intapp and KPMG AG announce strategic alliance

Partnership aims to accelerate digital transformation for professional services and capital markets firms

Due diligence goes digital

A new report found the majority of survey respondents intend to use more technology and tools to get diligence done in the future

Highvern receives Irish TCSP authorisation

The authorisation enables the fund administrator to provide corporate administration services to section 110 and SPV structures across alternative asset classes

Pemberton launches NAV offering

The lender has hired 17Capital’s Thomas Doyle to lead its new NAV financing strategy

Techwork 2022: Hind el Gaidi, Astorg

“Our ultimate aim is to capture the full value chain. From fundraising right the way through to exits, we want to ensure we have best of breed systems in place that will help us to ensure every part of the process is going well.”

Domicile watch: March 2022

Key takeaways from the major PE domiciles: including the FCA’s PRIIPs regulation, JFSC’s proposal to increase investment business fees and the latest addition to Guernsey’s blacklist

Real-time data reporting remains a source of friction between LPs and GPs

KKR's Catherine Cutts: "The demand for more granular data versus the ability for GPs to produce that is a source of friction in LP-GP relations"

Nominations open for the Most Influential Fund Finance Experts

The Drawdown is launching a new report, celebrating the most influential players in the fund finance market - nominations are now open

GP tech adoption looms large on LP investment decisions

The majority of LPs' investment decisions are influenced by GPs’ level of technology adoption, according to a recent survey by Brackedale consulting and AssetMetrix

Kroll launches valuation practice in Lux

The new business is headed up by Armand Kantar, who has been with the company since 2019

Let’s talk about the data

Tim Friedman, founder of PE Stack, discusses all things data, including the adoption of alternative data sources and how to create a data plan

An American tail: service providers go West

For European GPs that want to stick with a familiar European service provider Stateside, we explore which businesses have taken their European operational excellence across the pond

Addleshaw Goddard opens Luxembourg office

Fieldfisher’s Richard Ledain Santiago has been appointed as partner to lead the new office

5 minutes with… Birchstone Markets

We caught up with Devonshi Mody and James Arnold of Birchstone to find out about their connected treasury offering.

Vistra receives regulatory approval for India’s GIFT City

According to the firm, it is one of the first global organisations to receive this approval

Irish funds reach €3.7bn NAV

The domicile saw an annual increase of 23%, equivalent to €699bn

5 minutes with… Derivative Path

Brett Morrell & Ciccy Yang discuss how the technology-focused business supports private equity risk management

Guernsey funds reach £303.6bn NAV

We Are Guernsey stated this is the first time the NAV for funds domiciled in Guernsey has reached this level

Fund finance: structural innovations

Investec’s Helen Griffiths and Oliver Bartholomew discuss key structural developments for capital call facilities, including cost savings awarded by the master facility agreement, the importance of GP credit ratings, and continuation vehicle solutions.

5 minutes with… Monel Amin, DiligenceVault

“One of the biggest friction points we see is the lack of standardisation. Diligence standards have emerged, but adoption remains sub-scale.”

A new asset class arrives

At the recent Fund Finance Association Symposium, held in Miami last month, it's clear that this market is no longer a subset of the private funds industry, but rather a burgeoning asset class in its own right

The pendulum has swung

The recent noise coming from the SEC is largely measured and unsurprising; as the asset class matures of course it should adhere to stricter oversight

Total net sales of European AIFs declined in 2021

EFAMA’s quarterly report found net sales of AIFs fell from €177bn in 2020 to €67bn in 2021

Grata closes $25m series-A

The private company intelligence engine will use the fresh capital to accelerate the platform’s ability to access data on mid-market companies

Standard Metrics secures $23.7m series-A

The private markets IR platform will use the fresh capital to develop the solution and scale its network of investors and private companies

Reporting frequency expected to increase

Intertrust’s latest survey found GPs expect to share information daily or weekly, or in real time

Profile: Richard Drover, Apis Partners

The CFO discusses his responsibilities outside the finance function, his 100-day plan of action to improve and enhance Apis' processes as well as the challenges of joining a new firm

Comment: The impact of new long-term vehicles with large liquid allocations

Ed Lee, partner at Proskauer, explores the advantages of adopting an evergreen model, as well as the challenges and questions they present

CFOs: cost and resource constraints prevent ESG integration

Intertrust’s latest survey found this to be the biggest obstacle CFOs face when integrating ESG into their investment processes

Arcus achieves top ranking for ESG reporting

The firm is closely followed by Partners Group and Tikehau Capital

ESG outsourcing: who’s who?

We've compiled a directory of who does what when it comes to ESG outsourcing, to help get those boxes ticked.

5 minutes with… Wissem Souissi, Diligend

“When huge amounts of data sit in files, there’s not a lot you can do with it. But if the data is centralised and digitised, you can slice, dice and extract incredible insights from it.”

Profile: James Harper, Apposite Capital

The CFO discusses why he has taken over the IR function, what processes and frameworks he's put in place since joining, as well as how the firm's bespoke DD for ESG differs from their peers

Improved tech solutions can drive operational efficiencies

Panellists at the recent Real Deals Mid Market conference agreed ODD, deals and the full investment period could greatly benefit from collaborative software solutions

Operational Lens: Pantheon Secondary Opportunities Fund (PSOF)

With a total AUM of $52.3bn, Pantheon is a machine when it comes to fundraising. We take a look at the $624m PSOF, to discover how the pros get the job done.

Apex buys BEST

The business, which expands Apex’s presence in India, provides fund services for PE, FoFs, hedge funds, managed accounts and mutual funds

Reed Smith’s Dasgupta joins Hogan Lovells

Dasgupta’s practice focuses on the establishment, management and regulation of private investment funds

AssetMetrix expands to London

Clifford Norton joins from Allvue Systems to head up business development across the UK & Ireland

ESMA identifies liquidity concerns for AIFs

ESMA's latest report also found private equity funds experienced the largest growth in 2020

Canoe partners with Bipsync

The partnership aims to streamline and automate investment document collection and categorisation processes

GPs need more clarity to create ESG funds

EY’s latest report found the majority of GPs don’t plan to offer ESG products this year, citing lack of standardised methodologies and appropriate risk/returns profiles as reasons why

LemonEdge receives $4m

The fresh capital will accelerate the platform’s expansion to Europe and North America

PE fuels Luxembourg AUM growth to €5.9trn

The figure represents a 17.8% increase yoy, equivalent to €886bn, with PE the fastest growing asset class

ATAD 3: How will private equity measure up?

Andrew Howard, Ropes & Gray tax partner, outlines his thoughts on the likely impacts on private equity of the ‘ATAD 3’ EC proposal, designed to prevent the misuse of shell entities for tax purposes

Allvue partners with Pitchbook

Partnership will provide PitchBook Private Market Benchmarking for LP clients

Your data: Time to take the steering wheel

Private capital firms cannot let off-the-shelf software solutions control data strategy, writes Ingolv Urnes of psKINETIC

Domicile watch: January 2022

Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist

Profile: Bart Elema, Waterland Private Equity

The partner, CFO & risk officer discusses how his role and responsibilities have evolved over nearly two decades, why Waterland domiciles its funds in the Netherlands, as well as securing the firm's first ESG equity bridge facility