Fundraising & fund structuring
29 May 2020
Comment: Liquidity solution
Fund finance provides the solution to today's liquidity needs, writes Bronwen Jones and Leon Stephenson, partners at Reed Smith
21 May 2020
Rising LPA amendments
With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments.
18 May 2020
Alabaster joins Ropes & Gray
He joins from Linklaters where he was a partner for six years.
18 May 2020
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
11 May 2020
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
1 May 2020
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
1 May 2020
CSC expands fund services into Ireland
The firm was granted a licence to provide its offering there by the Central Bank of Ireland
30 April 2020
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
24 April 2020
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%
15 April 2020
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.
15 April 2020
Going back to your roots
Inefficient reporting methods continue to vex LPs. It’s time to go back to the source
9 April 2020
Liquidity in lockdown: Lenders
How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?
9 April 2020
LPs unsure what capital is being called for
ILPA members have reported confusion over how GPs are using newly called capital and sub lines.
6 April 2020
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
30 March 2020
COVID-19: Economic substance adjustments
Could temporary measures drive global consensus on economic substance requirements?
30 March 2020
New powers
The proliferation of fund financing products opens an unexpected path for CFOs to operate in a strategic and value-add manner
30 March 2020
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
25 March 2020
iCapital Network raises $146m
Funding round led by Ping An saw BlackRock take a significant minority stake
20 March 2020
The new PE playbook
McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak
16 March 2020
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
16 March 2020
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
9 March 2020
Cyprus’ total AUM reaches €6.8bn
The total increased from €5.7bn in 2018 and was dramatically up from €2.9bn in 2017
2 March 2020
Jersey PE and VC funds increase by 19%
These Jersey Finance figures are for the year ended December 2019
26 February 2020
Jersey fund AUM swells by 17%
Fund assets serviced on the island grew to $481.2bn in 2019
20 February 2020
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
14 February 2020
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
7 February 2020
Moonfare reaches €250m AUM
Moonfare’s digital platform allows qualified HNWIs to invest in PE vehicles
3 February 2020
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
20 January 2020
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
20 January 2020
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.
16 January 2020
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
8 January 2020
Parallel universe: lure of the Cayman-Lux
Ogier partners Joanne Huckle and Anne-Gaëlle Delabye predict a rise in Luxembourg-Cayman parallel fund structures
7 January 2020
Abry Partners backs Options
The investment will support Options' growth via M&A and advancement of its tech offering
6 January 2020
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.
18 December 2019
Q&A with Raxita Kapashi, CFO at Dawn Capital
Having recently joined Dawn Capital as the company's first official CFO, Kapashi discusses her new role and what led her to join a venture capital firm
16 December 2019
Craic on
Reforms to Ireland’s LP structure will likely be legislated in early 2020, however, after years of promises, what will actually be legislated and will PE care?
16 December 2019
Lithuania seeks to attract fund managers
Recent regulatory amendments aim to position the country as an attractive domicile
16 December 2019
Romania approves New AIF Law
Updated law better aligns Romania with recent EU developments
12 December 2019
MJ Hudson lists on AIM at £97.6m
Listing highlights increased regulatory and transparency demands on alternative assets
4 December 2019
Crestbridge granted Luxembourg licence
New licence adds to existing offerings in UK, Jersey, Bahrain and Cayman
4 December 2019
Comment: Fund finance and the model LPA
ILPA's recently published model LPA is a step in the right direction but overly-restrictive on fund financing, says Reed Smith's Leon Stephenson
27 November 2019
The data journey waits for no one
Private equity’s data journey may only just be setting off, but like any expedition, packing the best equipment and selecting the right companions make reaching the final destination a lot more enjoyable
26 November 2019
Key regulatory developments in 2019
Latest developments come from Proskauer's 2019 Annual Review and Outlook
25 November 2019
The Profile: Jackson Heddy, Northzone
Jackson Heddy discusses the particular challenges of running a venture back office; including the complexity of data analysis for young companies and troublesome valuation methods
20 November 2019
Luxembourg’s AUM increased 20% year-to-year
Figure comes from ALFI's latest 2018 Luxembourg Private Equity and Venture Capital Investment Funds Survey
19 November 2019
BNP Paribas Securities Services buys stake in AssetMetrix
The partnership updates the firm's private capital offering with digital solutions
12 November 2019
Guernsey home to Permira’s latest fund
Permira has had a long association with Guernsey
8 November 2019
Fund structures are so last season
As new waves of regulation continue to hit private equity, managers are quietly shifting to the peaceful waters of deal-by-deal investing
8 November 2019
Time to bite back
For too long operational leaders have been yes men, it's high time they became key men
4 November 2019
GP stake buyer for impact funds launches
The firm will target equity stakes in impact fund managers
31 October 2019
ILPA unveils model LPA
The document is a standardised and accessible template use to aligning GPs and LPs
9 August 2019
Leverage in secondaries: friend or foe?
The use of leverage in secondaries is on the rise, but does this little talked about feature of the market represent an important driver for growth and innovation, or a matter for concern?
2 August 2019
Standardisation: not the whole story
Aims to improve and create efficiencies for the reporting of fees and expenses are valiant but templates only tell part of the story
16 July 2019
Dunedin’s Karan Darroch on evolution of role and industry outlook
Detailing the growing complexities of PE finance and operations functions
4 September 2018
IR Profile: Apposite’s Valerie Auffray
IR head reveals how her role has evolved and now includes back office operations
28 August 2018
The impact of brand awareness
eVestment whitepaper finds GPs with high brand visibility outpace others
24 August 2018
New bid to democratise private equity
AtomInvest has established a digital platform for individuals to access alternatives