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Legal & compliance advisory

Chain reaction: the hidden depths of KYC

KYC is so much more than just a passport and a utility bill. Highvern’s Ken Ritchie details the intricacies of KYC compliance

Cadwalader appoints Batterson as partner

Angela Batterson joins from Jones Day where she was a partner for four years

Eversheds’ Watford joins Haynes Boone

Ben Watford will lead the London funds team

Holland Mountain promotes two

Kimberly Ellis and Jonathan Connelly have both been promoted to associate directors of their respective divisions

Maxwell joins Reframe

Industry veteran Ray Maxwell joins as advisory partner to lead new investment advisory offering

Kirkland appoints three from SEC

Appointment of three former US SEC legal professionals follows the regulator’s recent private equity focused rule tightening

Intapp and KPMG AG announce strategic alliance

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

Leading managers embrace a new standard in contract negotiation

Troy Pospisil, CEO and founder of Ontra, charts the adoption of legal tech by blue chip private equity firms

IQ-EQ creates group head of compliance role

Tasnoova Zaki, who has taken up the newly-created leadership position, joins from Citi, where she was VP, strategic control initiatives, regulation & compliance

PwC Luxembourg adopts Diligend

Use of Diligend meets PwC Lux aims to better support its clients with due diligence, ongoing monitoring and oversight needs

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.

5 minutes with… Derivative Path

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

5 minutes with… Global Regulatory Surveillance Services

We caught up with Joe Vittoria and Sarah Donnelly of GRSS to find out about the new firm and its surveillance system offering for regulated businesses

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.

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.

Reed Smith’s Dasgupta joins Hogan Lovells

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

GPs prioritise controlling legal spend

Private equity houses have shifted their focus from reducing external legal costs to better controlling them

Waystone buys KB Associates

The deal follows the $1.3bn acquisition of Waystone by Montagu and Hg

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

Montagu and Hg acquire Waystone

$1.3bn deal provides exiting investor MML Capital with an 11x return

Operational forecast for 2022

We take a look at Alpha FMC’s predictions for PE operations this year, as well as individual forecasts for CFOs, COOs, CTOs, CDOs and heads of compliance

Debevoise appoints international counsel

Matthew Pincus primarily focuses on the tax aspects of private investment funds and secondary transactions

High profile collection

Selection of The Drawdown’s favourite profiles with key operational professionals in 2021

European Commission puts AIFMD and ELTIF under review

The legislative proposals adopted include clarification on delegation rules

Kirkland & Ellis appoints Cox

Alexander Cox joins K&E's tax practice from Ashurst

Bridge Alternatives launches outsourced CFO business

Along with the new business line, Bridge Alternatives has hired Kyle Fields from SS&C as CFO

DLA Piper launches end-to-end funds practice

The division aims to provide a one-stop shop for asset managers, investment fund sponsors and investors across all industry sectors, geographies, asset classes and investment strategies

SBTi publishes guidance to combat climate change

The guidance aims to define and promote best practice in science-based setting, in order for PE firms to align their portfolios and operations to well below 2°C and 1.5°C climate scenarios

InCloudCounsel secures $200m Series B

The contract automation company has also rebranded to Ontra

The rise of the cross-border transaction

Reed Smith partners Stephen Mooney and Sam Webster detail the latest evolution in the way funds operate and structure deals

Fund domiciles in 2021: Malta & Cyprus

Key facts and figures relating to why Malta and Cyprus are domiciles of choice for small and emerging managers

Fund domiciles in 2021: Guernsey

Key facts and figures relating to why Guernsey is considered a highly innovative domicile

Fund domiciles in 2021: The Netherlands

The Netherlands is an important centre for pension funds and offers a light regime for smaller GPs

Taxation of partners: Changes expected

Alex Conway of Crowe UK details expected changes as to how partners will be taxed following the government’s current consultation

Profile: Hina Ahmad, Capital Dynamics

The COO discusses moving from the legal and compliance team to her current role, how the team has leveraged technology to keep up with rapid growth, as well as plans for evolving the firm's pandemic sub-committees

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

Apex partners with VCP Advisors

VCP provides advisory, capital raising and restructuring services

ACA buys Catelas

The ML-based electronic communications (eComms) surveillance and investigations platform will integrate with ACA's regtech platform ComplianceAlpha

Profile: Stella Morse, Inverleith

The CFO discusses joining the private equity firm from the consumer world, what she thinks of the latest ESG regulations and setting up Inverleith's first institutional fund

CDP aims to standardise environmental data

It aims to increase disclosure from private companies, which have previously avoided scrutiny on environmental issues and pressure to decarbonise

Waystone partners with The ID Register

The partnership provides Cayman funds with an AML/KYC and onboarding solution

Arthur Cox’s Garrett joins Reed Smith

Garrett’s practice focuses on cross-border finance and corporate transactions, formal and informal insolvency procedures, restructuring and workouts

Get ready for the new investment firms prudential regime

PE houses must familiarise themselves with the new requirements and ensure their forecasting practices are up to standard, writes Karen Allan of Haysmacintyre

Law school: litigation funds

Litigation funds are fast-becoming a fundamental part of the global justice system. While the 'assets' they manage differ greatly to those of traditional private capital funds, the way in which they operate is almost identical.

Ogier launches ESG compliance tool

The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management

Wheelhouse partners with RFA

The partnership aims to help investment firms with specific reporting and compliance requirements

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

Dentons’ Craig joins Paul Hastings

Ted Craig joined from Dentons where he was partner, head of the private funds practice in the UK

TMF Group’s White joins Oakbridge

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

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

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