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Legal & compliance advisory

Carbone joins DLA

He joins as a partner in the firm’s London corporate practice

Carey Olsen promotes two in corporate team

Michelle Falcucci and Nick Ghazi have been promoted to senior associates in the firm’s Bermuda and Jersey offices, respectively

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?

Post Brexit rules come to light

The FCA announced replacement rules for investment firms, namely a new prudential regime that may hit PE houses

ACA Compliance secures $40m investment

Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018

LP expert Graye joins forces with qashqade

LP expert and industry advocate Lorelei Graye joins qashqade’s executive advisory

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

Apperio expands into US

The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms

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

Special sauce

The Drawdown caught up with some of the UK's leading special situations investors to find out how they've been reacting to the crisis

5 minutes with… Frances McLeod, Forensic Risk Alliance

The founding partner of FRA discusses setting up the business and what it entails, reasons for having a PE investor and challenges to come post Covid-19

Debevoise opens Luxembourg office

It will assist PE clients with establishing funds and related regulatory matters

Majority of fund managers expect significant Q1 NAV decrease

35.6% of respondents anticipate NAV reductions between 6% and 10%, while 17.8% expect a decrease of between 16% and 20%

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.

LGL makes double hire

Stephen McKenna is head of debt, while Zena Couppey has been named chief commercial officer

5 minutes with… Eve Ellis, Ropes & Gray

Financial services regulation specialist Eve Ellis outlines steps GPs need to take to maintain compliance, what regulators expect and key regulatory developments for 2020

DWF hires EY’s Gee to corporate practice

He will offer a full service to fund managers and clients including regulatory advice and transactions

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

Harrison joins DWF’s fund finance practice

He joins from law firm CMS, where he was a partner in the firm’s finance group for eight years and focused on debt finance

Comment: Private equity lawyers: The new investment bankers?

Ann-Marie Goodbody and Seamus Hoar of Major, Lindsey & Africa discuss the war on PE talent in the legal market

Reed Smith hires Hogan Lovells’ Gelpi

Baptiste worked at Hogan Lovells for 20 years and headed up the firm’s French debt capital markets practice

WFH best practice: Emergency response phase

Nick Murphy from consultancy 3LDC outlines the do's and don'ts for the first phase of working from home

Luxembourg adapts to temporary substance requirements

The jurisdiction enacted emergency legislation to protect investment funds and companies against the global pandemic

MJ Hudson acquires Meyler

US-based Meyler specialises in marketing services and analytics for alternative assets

Linklaters’ Wheater joins Debevoise

She joins as international counsel and member of the tax and private equity groups in London

Guernsey and Jersey adjust substance requirements

Guernsey and Jersey have collectively adjusted their requirements for economic substance amid the outbreak of Covid-19, to help reduce the spread of the virus

5 minutes with… Troy Pospisil, InCloudCounsel

InCloudCounsel founder and CEO Troy Pospisil discusses the advantages of digitising legal contracts

Covid-19 and private equity

Everything private equity operational functions need to consider in the face of the global pandemic

PE faces tighter remuneration rules

Bank-style regulation continues to extend to private capital markets, says Linklaters

Ashurst appoints PE head in Milan

Throughout his career, Fabio Niccoli has focused on the Italian mid-cap market

Comment: The outsourcing dilema

Jen Simkins of March Consultants says her connections are debating whether or not to outsourcing part of their operations

Proskauer’s Simpson joins Campbell Lutyens as general counsel

Based in London, she will be responsible for all legal affairs across the firm, globally

Newell joins Cadwalader

The fund formation specialist joins from Norton Rose

Permira partially exits Duff & Phelps

The deal reunites Duff & Phelps with former backers

Comment: Respecting risk management

There’s no reward without risk but where's the reward in risk management?

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

Jonathan Blake joins Herbert Smith Freehills

Experienced private equity lawyer Jonathan Blake has joined Herbert Smith Freehills as head of international private funds strategy

Take the risk

The cultural shift towards robust risk management is finding its way to private equity, and with it, the potential to unravel entrenched structures.

5 minutes with… Corvus Advisers

Newly-launched legal and regulatory consultancy aims to fill the grey space between law firms and compliance consultants

Ogier promotes Gonella to counsel

She has been with Ogier’s Luxembourg office since it opened in 2012

Industry wants ESG regulation

According to a recent poll, senior leaders within alternative assets think regulators aren’t doing enough on ESG

Brizell and McCarthy launch Corvus

New firm aims to fill the space between law firms and compliance consultants

Chatham Financial acquires JCRA Group

The merged firm provides data, tools and advice for financial risk management to more than 3,000 clients

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

Ashurst appoints Gütle in Munich

She specialises in fund structuring and investing in alternatives

5 minutes with… Castalia Compliance

Tracy Diamond, founder of boutique consultancy Castalia Compliance reveals her top tips for handling growing regulatory burdens

AnaCap’s Edwards on outsourcing and regulations

Final instalment of our discussion with AnaCap COO Michael Edwards explores outsourcing and regs

5 minutes with… Travers Smith

The Drawdown talks new LP operational due diligence strategies with Sam Kay