Fundraising & fund structuring
25 July 2024
‘Data is the core to painting the picture’
To harness sustainability-linked loans and improve the top and bottom lines of portfolio companies, GPs need to solve the data challenge
25 July 2024
Canoe welcomes Osyte aboard
Collaboration to provide mutual clients with streamlined workflows for connecting documents and data
24 July 2024
A third of private market firms leave compliance to last minute
New research from CSC which looks at SPV in private markets sees 69% of senior professionals citing economic substance regulations as top challenge
23 July 2024
MSCI launches private capital indexes
Company aims to enhance transparency and innovation in private markets
22 July 2024
Profile: Karen Sands, COO, Federated Hermes Private Equity
From psychology to finance; from finance to COO; Karen Sands charts her professional journey, highlighting how her interpersonal skills have helped her reshape teams
22 July 2024
A diversified index of VC exposure
LTV Capital, a new fund-of-funds, aims to better connect LPs with emerging managers
18 July 2024
5 minutes with… Philipp Neidel and Joachim Mogck, partners at Orbit
Neidel (right) and Mogck (left) launched their boutique law firm to specifically focus on advising the product ‘fund’ and deploy technology to improve and accelerate services
17 July 2024
Wafra backs Triple Private Equity
Investment marks former's second GP stakes deal in July
16 July 2024
Out with the old and in with the new
Rede Partners Liquidity Index finds LPs actively seeking new relationships and expecting fewer re-ups with existing managers
15 July 2024
Instinct Digital raises £5m Series A
Investor reporting platform to deploy funds to onboard new clients, strengthen partnerships and expand geographically
11 July 2024
Lender due diligence 101
How much does use of proceeds matter when it comes to NAV lender due diligence?
3 July 2024
HSF launches ESG tracker
Law firm aims to empower through information and provide an early warning system
3 July 2024
CVC acquires final stake in Glendower
Firm is rebranded as CVC Secondary Partners; CVC additionally acquires DIF Capital Partners
3 July 2024
Moonfare launches semi-liquid strategy
Strategy to focus on secondary investments and address liquidity challenges
1 July 2024
Conundrum of ESG choice
Amid a myriad of software, partnerships and consultants, how do GPs make the right choice?
1 July 2024
Moody’s and MSCI team up
Partnership to enhance ESG transparency and explore private credit market opportunities
1 July 2024
Legal & General launches LTAF
Vehicle is part of the firm’s broader strategy to facilitate private market investments access for DC pension schemes
27 June 2024
S&P launches Peer Comparables
The update will be incorporated into portfolio monitoring platform iLEVEL to enhance valuations comparisons between public and private companies
25 June 2024
Placement agent New Era Advisors launches
Former head of family capital at McNally Capital, Beth Rahn launches firm focused on supporting diverse and female investment managers
24 June 2024
Carlyle launches evergreen strategy
Firm builds on previously launched private wealth channel and offers investors primary, secondary and co-investment opportunities
24 June 2024
Leverage limitations on private credit funds
AIFMD II introduces new rules for loan origination funds and firms will have to make a choice
20 June 2024
ZEDRA teams up with CreaPartners
Partnership to expand ZEDRA’s suite of corporate and fund services offerings
20 June 2024
Nordea promotes Johard to head of fund finance
She previously worked in the bank’s leveraged finance team
20 June 2024
My fair value
Are auditors approving VC fair value according to IPEV under false pretences?
19 June 2024
JTC acquires FFP
The acquisition strengthens the fund admin’s position in the Cayman Islands
18 June 2024
Arcmont and Carne launch LTAF
First private debt manager to use the structure which will provide direct lending to European upper midmarket businesses
18 June 2024
Persefoni partners with First Street
Partnership instigates launch of climate physical risk tool
18 June 2024
HWF opens Milan office
Opening marks first Italian office for W&I insurance provider, led by Arianna Scocchera
18 June 2024
How much NAV lending is really going on?
When it comes to midmarket PE, probably a lot less than it seems
14 June 2024
Anduin launches investor data management
Tool should streamline processes and improve investor workflows
14 June 2024
The Drawdown Awards 2024: Winners announced
The winners of The Drawdown Awards 2024 were announced at the De Vere Grand Connaught Rooms in London, hosted by comedian Rhys James
13 June 2024
17Capital opens Dubai office
Investment director Pierre Garnier heads up the GCC base aimed at supporting local GPs and LPs with NAV financing
13 June 2024
Apex launches Unitas
Offering comprises flexible, low-cost fund structuring services for co-investments and feeder funds
13 June 2024
S64 welcomes CTO
Marcus Glover was previously managing director at Bank of Singapore, Deutsche Bank and UBS Investment Bank
12 June 2024
MSCI launches gen AI investment risk modelling tools
AI Portfolio Insights and Macro Finance Analyzer are available via the firm’s tech platform MSCI ONE
12 June 2024
Preqin launches Transaction Intelligence
Available via Preqin Pro, the tool is aimed at helping PE firms to better analyse deal performance and valuations
12 June 2024
AlphaSense snaps up Tegus
Transaction to integrate Tegus’s data into AlphaSense; latter raises $650 in additional funding
12 June 2024
Jolt drops anchor in Montreal
With North American HQ, the firm aims to prospect new investors and build out platform for portfolio company growth
11 June 2024
Passthrough partners with Entrilia
Partnership aims to automate the investor onboarding process
7 June 2024
Petra Funds creates outsourced CFO service
Former CFO at US energy fund White Deer, Erin Rathke, has been appointed as managing director to support the offering
3 June 2024
Justify my loan
Malcolm Goddard, partner at Crooklets, makes a case for greater use of fund finance in PE and argues good advisers are increasingly essential
31 May 2024
Canoe and InfoGrate partner up
The consulting partnership is aimed at providing outsourced CTO services to family offices
30 May 2024
Snoop dog: Who watches the regulators?
The Drawdown evaluates different proposals to regulate the FCA and PRA
30 May 2024
Ely Place and Navable launch onboarding platform
Free-to-use tool streamlines onboarding process for private market funds
29 May 2024
Beauhurst launches ESG dataset
Tool to support users in identifying investment opportunities and evaluating current portfolios
29 May 2024
Blue Owl stakes Linden
Firm makes passive minority investment through its joint venture with Lunate Capital
29 May 2024
Leverst launches relationship tracker
Company aims to shine light on dynamics of LBO transactions in the DACH market
28 May 2024
Ogier adds to fund expertise in Dubai
Dominic Athwal relocates to Dubai and receives promotion to counsel
28 May 2024
Position Green launches ESG DD tool
Tool to include ESG measures, pre-mitigation risk levels identification, and recommended mitigation actions
28 May 2024
Cost cutters: Four tips for operational resilience
Ace & Company’s managing partner Sally Beh says careful cash management is a crucial step in trying times
23 May 2024
Profile: Charles Rousset, Revaia
The CFO/COO shares milestones from the emerging manager’s journey and dives into operational due diligence and collaborating with one’s LPs
23 May 2024
Manaos updates SDR reporting solution
Alternative asset managers can make use of the platform’s database of more than 20 ESG tech providers to help with impending SDR reporting
23 May 2024
Top of the ops: Me, myself and AI
TOTO is back – and this time we put Gen AI risk management under the lens with John Frizelle, CTO at Sure Valley Ventures
21 May 2024
White & Case expands Luxembourg tax practice
Ex-Allen & Overy counsel Guilhèm Becvort specialises in cross-border tax law for private equity, debt and real estate strategies
20 May 2024
M&A Source partners with ShareVault
Collaboration to enhance the management of high-volume transactions
19 May 2024
Fund Finance Tracker 6: Incubating innovation
As the market grows and stakes get higher, attempts to address the traditional opacity of fund finance are a sign of market maturity
16 May 2024
Putting the ‘private’ back into take-privates
Decision by UK Takeover Panel helps private equity firms by removing the obligation on public companies to disclose bidders
15 May 2024
Goodwin welcomes Lux-based partner
Virginie Leroy joins the firm’s private investment funds practice
15 May 2024
Aztec creates AIFM service in Luxembourg
The fund administrator claims it can now act as single outsourcing partner for European GPs
15 May 2024
SFDR complaints laid bare
The European Commission’s summary of feedback from its SFDR consultation reflects the PE industry’s ongoing perception of the disclosure regime
14 May 2024
ESMA publishes ESG fund name guidelines
The report states at least 80% of investments within a fund must satisfy sustainable investment criteria to use related terminology
14 May 2024
Goodwin and Passthrough deepen partnership
Tech provider's e-subscriptions offering integrated into law firm’s services
14 May 2024
Reframe launches debt advisory
The advisory has partnered with Sandeep Pradhan and his business Liverpool Street Capital Advisors
13 May 2024
Profile: Patrick Ghoche, Inovia Capital
The CFO shares what he has learnt from his versatile experiences in investment banking and working for a public manufacturing firm
13 May 2024
NetScientific’s EMV acquires Martlet
London-based deep tech VC EMV Capital will manage Cambridge seed stage investor Martlet Capital’s c.£23.3m portfolio of investments
9 May 2024
Guernsey Finance opens London office
The base in Petty France, Westminster aims to enhance the initiative’s attempt to promote its reputation as a fund domicile
9 May 2024
Ocorian adds FinCrim module to AML compliance tool
The addition is incorporated into the fund admin’s onboarding tool The Gateway
9 May 2024
NAV facility volumes up 30% since 2019
Research from Citco suggests minority of facilities used for fund distributions
9 May 2024
Partners Group launches first evergreen ELTIF
The fund offers gated monthly liquidity events to both retail and institutional investors
9 May 2024
FCA gets ready to scrub
Financial watchdog’s anti-greenwashing rule is effective from 31 May 2024; The Drawdown checks it to make sure PE ticks all boxes
8 May 2024
Daloopa closes on $18m in Series B
Total of $18m raised to go to product development and market expansion
8 May 2024
Central Bank of Ireland approves two fund admin licences
Fund admins TMF Group and Vistra are now able to service alternative funds in Ireland
6 May 2024
Q&A: Speed, stability, service
HSBC Innovation Banking’s strategic fund solutions team explain how they focus on agility to solve the financing needs of midmarket private equity
2 May 2024
Ogier welcomes McManus into partnership
Matt McManus joined the firm in 2021 as a managing associate
2 May 2024
Recipe for success(ion)
Chef’s tip: Make sure to carefully fold succession planning into the mixture before cooking up a fundraise
1 May 2024
BlackSwan Cyber launches cyber DD and management tool
Tool to assist with cybersecurity DD on potential acquisitions and monitoring across existing portfolio
1 May 2024
Socium partners with Axos Bank
Partnership to allow Socium to provide loan file management operations for its clients
30 April 2024
Patria Investments acquires abrdn’s PE solutions business
Deal to form new private market solutions vertical with an aggregate fee-earning AUM of more than $10m
30 April 2024
Forge opens for business in Europe
Secondary marketplace for trading private company shares received investment and support from Deutsche Börse
29 April 2024
73 Strings attaches audit mode
Company aims to increase data transparency for fund managers
25 April 2024
Globacap and Tokeny team up on tokenisation
Partnership aims to enable secondary markets execution, streamline workflows and ensure record integrity
25 April 2024
Bonaccord makes minority investment in Lead Edge
No change to Lead Edge’s investment process, daily management or operations as part of the deal
24 April 2024
SimCorp launches integrated portfolio management platform
SimCorp One is the second part of the firm’s offering after Point Solutions, powered by Axioma
22 April 2024
Pictet launches ELTIF
Vehicle set to focus on co-investments in environmental technology
22 April 2024
No PE access for largest sovereign wealth fund – again
Norway’s $1.6trn oil fund has been considering adding unlisted equities as an investment asset class since at least 2010
22 April 2024
Hamilton lane ‘pushes back’ on NAV loans
“We want to ensure the right guardrails are in place to protect LPs,” says managing director John Stake
18 April 2024
Apex acquires South African ManCo
Acquisition of IP Management Company is continuation of growing Apex’s ManCo offering
18 April 2024
HNWI hurdling
The UK may have reversed its changes to the HNWI regime but the conversation seems far from over
16 April 2024
Ark launches automated fund accounting solution
The cloud-based technology supports fund administrators and GPs with fund operations and investor relations
16 April 2024
NLC appoints non-exec director and CTO
Investec co-founder Bernard Kantor and ex-Meta Kresimir Slugan join the independent non-bank lender, respectively
16 April 2024
WTW launches PE LTAF
Insurance company’s DC pension schemes trust among allocators; initial commitments before launch sit at £450m
15 April 2024
EFRAG approves double-materiality guidelines
ESRS FAQ has been updated to explain when mitigating actions are considered, among other updates
12 April 2024
Fundwave launches AI assistant
Users may extract information about their fund documentation within Fundwave’s software
11 April 2024
Preqin launches ESG performance benchmarks
Offering to support LP investment decision-making, GP’s ESG reporting and ESG intelligence for advisers
11 April 2024
FCA proposes permanent bundling of research payments
The consultation aims to make concrete the potential to pay for investment research and trade execution simultaneously, diverging from the EU’s MiFID II legislative framework
11 April 2024
Impact intact?
How impact investment firms use in-house reporting tools to report back to LPs and the arguments for standardisation of reporting procedures
10 April 2024
Pactio receives $14m
Series-A funding for the AI-integrated transaction management platform is led by EQT Ventures
9 April 2024
Addleshaw absorbs KWM Madrid office
The team of 60 lawyers will be led by KWM Madrid managing partner Roberto Pomares
9 April 2024
Dasseti and Colmore form partnership
The combined forces aim to improve LP post-investment and ESG managed service data collection and reporting
8 April 2024
Gen II launches data management tool
Company aims to integrate fund data admin with in-house teams and third-party platform, streamlining access
8 April 2024
ORC and Dasseti partner up
The investment advisory firm aims to improve its ODD services with the partnership
8 April 2024
‘This is where things have substantially changed’
The Drawdown catches up with Jonathan Blake, the inventor of the LP model and the rules on VC trusts, to discuss fund trends, retailisation and regulation
8 April 2024
Behind the multiple
Calculating carried interest with TVPI multiples means clear definitions of contributions and distributions are needed, a Colmore case study finds
4 April 2024
You can CFO your own way
How collateralized fund obligations are becoming a part of the European fund finance toolkit, opening up the LP lender landscape
4 April 2024
Oaklins NL launches valuation advisory
Firm welcomes new partners Tijn Bastiaans and Costas Constantinou
4 April 2024
Clearwater acquires risk solutions from Wilshire Advisors
Wilshire’s Axiom, Atlas, Abacus and iQComposite will be incorporated into Clearwater’s risk and performance analytics platform
3 April 2024
IVSC releases survey on ESG in valuations
The international council aims to collect market feedback on how ESG is being used as part of the valuation process
3 April 2024
Azimut sells credit firm stake to Goldman’s Petershill
Azimut’s subsidiary GP stake strategy originally acquired Kennedy Lewis in 2020
3 April 2024
Apex continues tokenisation expansion
After investing in Tokeny in December 2023, the fund admin is further expanding its tokenisation practice to facilitate investor access
3 April 2024
Centralis buys up YLP
Company aims to deepen its reach in the Luxembourg fund outsourcing market
2 April 2024
Grafine raises $600m in first time GP stakes fund
New York-based manager specialises in minority investments of emerging fund managers
2 April 2024
BoE takes closer look at PE valuations
The Financial Policy Committee calls for more transparency in private market asset pricing amid continuing macroeconomic challenges
2 April 2024
Hunter Point raises $3.3bn for debut GP stakes fund
Varied LP-base what the firm claims to be the ‘largest-ever debut GP stakes fund dedicated to private market strategies’