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Legal & compliance advisory

Top of the chain

With the Consumer Duty expected to come into effect on 31 July 2023, the responsibility to comply will apply to the entire supply chain, including fund managers

Citco partners with Fenergo

Citco to integrate Fenergo’s client lifecycle management platform

Travers Smith names Cawood as PE head

The appointment follows several departures from the law firm as US-led groups build their European practices

Crestbridge appoints senior risk and compliance officer

Marie Morris joins from Butterfield Bank to assume the roles of director and money laundering compliance officer

Diligend secures series A and rebrands

Financing round led by Nasdaq Ventures; Diligend becomes Dasseti

Simpson Thacher appoints financial regulatory lawyer

Stephanie Biggs joins from Travers Smith to co-lead the firm’s European financial services and funds regulatory team

Core opens for business

The company offers a range of fund administration services for GPs based in Guernsey

Tackling tokenization

As GP appetite for tokenization increases, concerns around liquidity, security and regulation need demystifying

Goodwin grows secondaries practice

Partner Jacqueline Eaves joins after four years at Kirkland & Ellis

Macfarlanes expands private investment funds practice

Stephen Ross joins the firm after nine years as a partner at Sidley Austin

IDR launches next-generation fund subscription

The service aims to provide a smooth fund subscription service that easily connects GPs and LPs

Pinsent Masons acquires Morgan Green Advisory

Law firm expands its ESG services by joining forces with sustainability finance consultancy

Addleshaw expands Paris PE team

DLA Piper’s Kropfinger to build out and lead tax department

CACEIS partners with Clarity AI

Partnership launches ESG platform for asset managers and institutional clients

Capital-raising punishment: Painful process

A sleek and streamlined onboarding process is vital to make sure hard-won commitments aren’t scared off

Apperio secures $7m in funding

Fresh capital will be deployed to further develop the company’s corporate counsel product and support US expansion

Capital-raising punishment: Laborious letters

An increasingly complex regulatory environment and investor sophistication have resulted in longer side letters. With the rock to be pushed up the hill of compliance getting larger, how can GPs ensure it stays at the top?

Reed Smith expands private credit practice

Linn Mayhew joins from McGuireWoods as partner

Pinsent’s Bowen joins K&L to launch Dublin office

Gayle Bowen is joined by Shane Geraghty and Michelle Lloyd as founding partners

5 minutes with… David Genn, CEO of Goji

We spoke to the CEO of Goji to find out how they are using digitisation to open up investor access to private equity funds

MJ Hudson appoints director in ESG and sustainability team

Mark Thompson joins MJ Hudson’s London office

IPEV publishes updated guidelines

The latest version includes updates reflecting the impact of distressed market conditions

Euroclear acquires Goji

The acquisition allows Euroclear to enter the private markets through digitisation

CSRD implementation removes GP hurdle

The CSRD has been officially adopted as EU legislation, removing a GP operational burden

IQ-EQ acquires Laven Compliance

Acquisition sees IQ-EQ expand its regulatory compliance services

Goji partners with Apex

The partnership aims to streamline onboarding, KYC & AML and digital subscriptions

Comment: Known or knowable? It depends

Nic Müller, CEO of Avega Capital Management, looks at a recent clarification to the IPEV guidelines, and hopes greater harmonisation is coming

Asante expands to Munich

George Lyons will serve as director of the Munich office

ESG-related terms: a new circle of confusion

ESMA’s consultation on ESG-related terms risks adding more uncertainty to an already fragmented legal framework

Regulation is biggest challenge in 2023

Other primary concerns for fund managers include inflation, operational risks and cybersecurity

Diligend partners with Intelligo

The partnership aims to improve due diligence with platform, Clarity

Goodwin names Pathak as London co-chair

Ajay Pathak has been a partner in the firm’s private investment funds group since 2017

Bain Capital names GC

Former head of Ropes Gray’s London office, Will Rosen, remains with Bain Capital following his secondment

Simmons & Simmons builds out Spanish fund practice

The law firm sees growth opportunities in the country, particularly for international asset managers

Valuations decrease predicted for Q4

Macroeconomic instability causes valuation concerns for GPs and LPs as Q4 year-end reporting approaches

73 Strings partners with Alvarez & Marsal

Partnership will see 73 Strings provide portfolio monitoring and valuation solutions to mutual clients

ESG Enterprise launches digital sustainability solution

The ESG-as-a-service API library aims to help firms move towards their sustainability goals

“QAHC, QAHC!”

The Qualifying Asset Holding Company regime is set to close the gap between the UK and other fund domiciles

CSC finalises Intertrust acquisition

CSC first bid for Intertrust in December 2021

Ontra acquires Captain

Acquisition will see Ontra build on its digital fund lifecycle management solution

Reed Smith hires partner from Kirkland & Ellis

Romin Dabir joins the firm’s Financial Industry Group

IDR launches MLRO offering

The money laundering reporting service covers several fund jurisdictions, including Cayman Islands, Luxembourg, Guernsey, Jersey and the UK

ACA Group expands managed services offering

The company has combined its advisory practice with a regulatory technology tool

Broadridge launches SFDR reporting solution

The end-to-end tool aims at supporting asset managers with SFDR-required disclosures

Comment: Negotiating GP stakes deals in uncertain times

Lawyers from Cleary Gottlieb say careful negotiation of key terms will be more important than ever

High tide for legal costs

Increased complexity and regulatory risks see legal spending to further rise in 2023, according to Apperio

ESG highest regulatory concern

KPMG’s ‘Regulatory Barometer’ has identified the maintenance of financial resilience and regulation of digital finance as second biggest concerns

Kroll expands Duff & Phelps Opinions team in London

Their primary focus will be fairness opinions for GP-led secondaries

Clifford’s Kerbusch joins Dechert

Matthias Kerbusch, formerly counsel at Clifford Chance, has joined Dechert as a partner

Ebury opens Luxembourg branch

The office will support corporate services providers and alternative investment managers with cross-border payments

Insurance policies

PE's greatest yet least recognised risk

K&E’s Holdsworth joins TDR

He joins as general counsel and will start his new role in early 2023

Multiple sides of the ESG definition

With ESG definitions varying, the meaning of ‘sustainable’ investing is still unclear

Carry forfeiture following for-cause removal on the wane, says MJ Hudson

Swing towards a majority of funds now specifying a haircut rather than full forfeiture highlights the shifting balance of power between GPs and LPs, according to MJ Hudson's research.

Comment: The Mother of Invention

James Wood, investment funds partner at Hogan Lovells in Sydney, explores fund structuring innovations throughout the APAC region

ACA acquires Ethos ESG

The acquisition sees ACA expand its advisory business with tech-based analytics

In conversation: Power to the LP

Highlights from a recent roundtable event examining the growing influence of investors in private equity fund management

Broadridge’s PE platform open for US funds

Private Market Hub is powered by distributed ledger technology

DC Advisory launches GP secondaries offering

The firm has appointed Michael Wieczorek as managing director

TDA 2022 Rising Star: Emad Shahin, 17Capital

We explore what set Shahin above his peers for this category