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Legal & compliance advisory

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

iCapital buys AI Insight

AI Insight provides financial advisors investment research, training, qualification and compliance support for a variety of alternative investments

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

ACA launches ESG advisory practice

Dan Mistler and Crista DesRochers will head up the new division, while Dani Williams joins the team to focus on ESG in financial regulation

Goodwin hires Kayser as partner in Frankfurt

Joachim Kayser joins from Dechert in Frankfurt where he was a partner

In-house legal responsible for external costs

A new survey conducted by Apperio found that 62% of PE in-house lawyers are accountable for selecting their preferred law firm partners

The ESG tech wave

From static and infrequent DDQs to real-time, performance linked, fully integrated improvements; ESG is fast-becoming a tech play

Debevoise promotes Amos

Amos joined the law firm in 2010 and was initially based in New York

MJ Hudson buys PERACS

PERACS serves institutional investors and alternative asset fund managers

The conversation: Trends in 2021 and beyond

InCloudCounsel founder and CEO Troy Pospisil examines patterns established in 2020 and how they will impact the next few years in private capital markets

LISTEN: InCloudCounsel’s Pospisil on the future

Troy Pospisil explores how the regulatory landscape for private capital funds is evolving, how investor demands are changing and how InCloudCounsel’s offerings aim to support these developments

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

LISTEN: InCloudCounsel’s Pospisil on document abstraction

Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about what it is, how it works and how it supports private equity legal teams, as well as the wider organization.

2020 in review: Regulatory complexity

A look back at the regulatory transformation around the AIFMD in the private equity market in 2020

NAVs won’t return to pre-pandemic levels until 2022

80% of Duff & Phelps survey respondents believe up to 30% of private market investments won’t recover their pre-pandemic values until 2022 or beyond

LISTEN: InCloudCounsel’s Pospisil on private equity roots

In the first instalment of our mini podcast series, Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about the company’s origins: what drove him to set up the firm and how it has developed over the past seven years.

Lamping launches Reframe

The new advisor aims to help managers 'set a clear strategic direction and grow their business, from whatever position they’re currently in'

Throgmorton launches CFO & COO Solutions

Throgmorton has launched an outsourced service for the CFO and COO function.

Three Hills’ Moretti launches Atypical Partner

The platform aims to support and connect financial entrepreneurs with investors, while providing infrastructure for their strategies and allowing them to retain control of their brand

Travers Smith elects Reed as managing partner

He succeeds David Patient, who has held the position since January 2015

Ropes & Gray promotes Raghavan to counsel

Raghavan works across the investment funds practice, having advised established and emerging managers of private funds

Find & Seek: follow-on funding

CFOs seeking follow-on funding in order to preserve value have multiple options, but which is the winning strategy?

Intertrust launches Ironstone Directors

The boutique service provider offers independent directorship services and governance solutions to fund managers

DAC6: what it means for LPs

Natalie Psaila, counsel in the London Tax Group at Hogan Lovells, details the circumstances in which the DAC6 rules are most likely to be relevant to investors in private equity funds

Tully Rinckey hires Dublin partner

Malachy Kearney joins from Irish law firm Beauchamps, where he was head of investment funds

Comment: Can public subsidy and private equity co-exist?

Covid-19 has thrown the industry into an unwanted spotlight - and now the taxman cometh

Apex purchases FundRock

FundRock is an independent UCITS ManCo and AIFM and claims to be the largest third-party manager of UCITS funds in Luxembourg

MJ Hudson buys Bridge Group

The fund admin offers regs compliance, domiciliation and risk services as well as super ManCo services to UCITS and AIFMs

WATCH: No place like home: finding the right fund domicile

Predictability, reliability and quality are key components, according to our expert panel

5 minutes with… Nicholas d’Adhemar, Apperio

The CEO and founder discusses why he created the platform, the ways in which Apperio assists PE CFOs/COOs and what’s next in terms of expansion

Throgmorton expands into Australia

The firm now offers is its tax compliance, accounting, HR, payroll and company secretarial services in Australia via offices in Sydney and Melbourne

Private equity’s return to work

Taylor Wessing partners Emma Danks and Helen Farr outline the key litigation risks of returning to the office