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Legal & compliance advisory

Comment: Navigating through the storm: An evolution in fund finance

Leon Stephenson and Colin Baker of Reed Smith outline the various uses and advantages of NAV facilities

TMF Group’s White joins Oakbridge

John White is responsible for overseeing compliance at both Oakbridge Funds and The ED Group

Profile: Feizal Moossa, Adenia Partners

The chief risk officer discusses the importance of his role within private equity, how his responsibilities have evolved since joining Adenia in 2003 as well as operating without an in-house legal team

Stephenson Harwood promotes de Ste Croix to partner

She focuses on fund formation, GP-led secondaries, LP portfolio sales and complex fund-related transactions, including GP removals

Simpson Thacher’s Fox joins Kirkland & Ellis

Amy Fox advises private equity clients on the organisation and operation of European, Asian and global large-cap funds

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Lack of standardisation biggest threat to ESG

“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”

A guide to Germany’s new pre-marketing rules

New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist

MJ Hudson acquires Clarus Risk

The fintech risk management and reporting automation specialist services alternative asset fund managers and investors

FCA proposes climate-related disclosures

The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms

Kirkland & Ellis names investment funds partner

Raphaël Bloch advises investment fund managers on the establishment and operation of funds and separate accounts across the alternative asset space

Squire Patton Boggs launches London funds practice

Steven Ward has been hired as investment funds partner to spearhead the development of the new division

Profile: Jonathan Pugh-Smith, Bregal Investments

The general counsel of funds discusses why he joined the firm, the diversification of Bregal's LP base and the ongoing challenges around regulations

ThinCats backs Wheelhouse

The fresh capital will be used to address the firm’s growth strategy, extend its client proposition and the firm’s digital transformation

KPMG joins campaign for reporting taxonomy

KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)

INDOS hires head of AML

Clay Dupuy is responsible for the teams which provide AML officers to funds domiciled in Ireland, Luxembourg and the Cayman Islands

New horizons: Carbon pricing

Professor Gianfranco Gianfrate, Climate Finance Lead and Professor of Finance at the EDHEC-Risk Institute, says carbon pricing is happening and managers need to prepare

Private equity must address climate change risk

“Climate change presents unprecedented business opportunities for the industry in addition to risks”

MJ Hudson’s Brozyniak joins Charles Russell Speechlys

She joined from MJ Hudson where she spent the last four years, most recently as partner

Allvue partners with Lionpoint

This partnership enables Allvue’s clients to tap into Lionpoint’s strategic advisory, operating model optimisation, tech road mapping and solution selection as well as systems integration services

Clifford Chance’s Lilley joins Mayer Brown

He joined from Clifford Chance, where he spent the last 15 years, most recently as a director of funds and infrastructure financing within the banking and finance team

Addleshaw’s Powling joins DLA Piper

He practices across various sectors with a particular focus on private equity and real estate

Linklaters launches side letter automation tool

The tool extracts and groups similar provisions and merges duplicate clauses while increasing efficiency during investor negotiations

Cadwalader’s Cross joins Addleshaw Goddard

Cross joins from Cadwalader, Wickersham & Taft where he was part of setting up the law firm’s fund finance practice in Europe

Comment: Managing privacy concerns surrounding FATCA and CRS compliance

Ed Harris, Louise Crawford and Adela Komorowska of Hogan Lovells examine the friction between enhanced transparency among tax authorities and the right to privacy

KKR acquires ERM

KKR’s Core Investments strategy acquired the majority stake from Omers Private Equity

Debevoise promotes Dickman to partner

He advises on the formation, management and reorganisation of private investment funds

Addleshaw promotes Grüter to partner

He advises clients on fund establishment and structuring, product distribution and marketing, investment management negotiation and regulatory change implementation

Right-sourcing

A year of remote working has catalysed already changing attitudes when it comes to recruitment versus outsourcing

WATCH: Cybersecurity, and ESG concern

Cybersecurity is a matter of good governance, as well as reputation and risk management - putting it at the heart of ESG practices

Double hire for Carey Olsen’s Guernsey corporate practice

Tracey Powell has been named senior associate, while Daniel Long has been appointed as associate

A guide to continuation funds

Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue

Domicile watch: March 2021

Key takeaways from the major PE domiciles: including Jersey's changes to its AML/CFT handbooks, Guernsey's review of its Green Fund accreditation and Ireland's Green Team network launch

Advisory / Consultancy: Tax & Compliance award winner: Macfarlanes

Partner Ceinwen Rees highlights the importance of the firm's technical training sessions

Maples promotes de Feu to partner

He advises clients on Irish law

Advisory / Consultancy: ESG award winner: Sancroft International Limited

Senior consultant Ivaylo Dimov discusses the importance of knowing what ESG means to a firm and equally what it doesn’t or shouldn’t mean

Column: Healthy competition

Riverside Europe COO Dörte Höppner, one of the judges for The Drawdown Awards, details the importance of good service and healthy competition when it comes to service providers

Mainspring partners with Aspida Group

The partnership aims to service Guernsey-domiciled private equity and venture capital funds

Legal: Fund Structuring award winner: Travers Smith

Fund partner Sam Kay merits the win to the firm's heritage in private equity as well as its active thought leadership

Auxadi appoints five

Inflexion-backed Auxadi provides corporate services to private equity and real estate firms

Palatine invests in Anthesis

The fresh capital will support Anthesis’ growth plans, both organic and acquisitive, as well as accelerating its digitalisation

Kirkland & Ellis’ Townsend joins Ropes & Gray

Townsend advises European and global firms on the establishment and structuring of private funds

And the winner is…

Entrants to The Drawdown's Awards were asked to demonstrate business growth, innovation and client satisfaction. While the winners were rewarded based on these metrics, what's clear from speaking to all of the successful groups is they all shared three additional commonalities

Ropes & Gray appoints funds partner Brown

Emily Brown will join the firm next month from Schulte Roth & Zabel where she has been a partner since 2018

Ocorian purchases Platinum Compliance

Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020

Deeper Perspective: The UK Funds Regime

Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?

Blackstone’s Bailhache joins Simpson Thacher

Geoff Bailhache has joined the firm’s London office as a partner

Comment: Choosing the right auditor

Karen Allan of Haysmacintyre outlines why a move to a mid-tier auditor can reap multiple benefits

MJ Hudson names new partners

Stephen Sims and Whitney Lutgen are partners in the private funds practice while Ronan McCann is partner in the firm's VC and tech division

IQ-EQ’s Lawson Conner hires MD

Rachel Aldridge will manage the day-to-day operations, execute strategic initiatives and ensure consistent client service delivery

The ins and outs of outsourcing: An evaluation guide for selecting the right vendor

InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"

Cost of compliance: 5% of revenue

According to Duff & Phelps latest survey, 23.5% of senior decision-makers of financial services firms expect to spend between 1%-5% of 2021 revenue on regs compliance

Profile: Jasi Halai, 3i

The group financial controller & operating officer discusses working within the finance dept of a listed firm, leading system implementations and transformations as well as her role in the firm's committees

Linklaters’ Ghillemyn joins Goodwin

Ghillemyn’s practice focuses on fund finance, banking regulatory matters, securitization, listing of debt securities, complex cross-border restructuring and insolvency

GAAP in Lux

Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds

GPs prioritise D&I

According to EY's latest report, 56% of GPs are aiming to increase gender representation this year compared to 47% in 2020, according to a new report

Luxembourg to reach €5trn AuM

Luxembourg remains popular with funds industry as total AuM set to reach €5trn

Xolaris granted Liechtenstein AIFM authorisation

Third party AIFM provider Xolaris has been authorised to offer its ManCo services in Liechtenstein

Spending power: Getting a handle on legal expenses

A recent webinar discussion looked under the bonnet of legal spending

Domicile watch: January 2021

Key takeaways from the major PE domiciles: including Jersey's new definition for AML legislation, changes to Guernsey's private fund regime and Ireland's prep for SFDR