Legal & compliance advisory

ILPA appoints inaugural general counsel

Appointment comes amid association’s legal battle with PE trade bodies regarding preferential treatment under SEC’s Private Fund Rules

Seven out of 10 fund managers received AML fines in last two years

Ocorian’s latest survey finds alternative investment firms concerned about increasing AML risks

Borne but not raised

A tight fundraising and deal-doing environment has GPs pondering how to structure aborted deal costs

Ogier expands Luxembourg fund finance team

Delphine Gomes is a banking and finance counsel with experience in fund, leveraged and real estate financing

ESG: The fund-of-funds perspective

Once removed from the underlying portfolio, this type of LP is focused on private equity’s journey rather than instant compliance

Ocorian acquires Bovill

Fund administrator adds regulatory consultancy firm into its compliance offering

Apollo appoints ESG counsel

Previously a legal secondee at the firm, Angus Brown joins from Simmons & Simmons

Comment: Court controversy

Matthew Pincus, international counsel at Debevoise & Plimpton, warns that a recent court decision increases risk for non-US funds active in the US

Proskauer adds private funds partner in London

Fund formation specialist for credit strategies, James Oussedik, joins from Sidley Austin

Ontra further builds on GPT-4 functionality

Company aims to accelerate expansion into more document types and launch additional features

LeadingMile partners with Qashqade

The partnership aims to increase European GP access to automated waterfall calculations and cap-table monitoring

Robin AI launches contract defined-term checker

The additional feature means contract terms can be automatically verified and located within a document

The carrot in addition to the stick

FCA’s proposed regime on non-financial misconduct shines light on firms’ workplace culture

Glendower Capital promotes legal managing director

Kate Simpson came to the firm almost two years ago as legal director for transactions

Kroll makes Lux MD appointment

Elena Moisei joins from EY to lead the firm’s work with alternative investment fund managers in Luxembourg

Intelligent Legal Solutions enters market with side-letter management solution

Company aims to automate side-letter management for law firms and keep billable hours for private equity firms down

The ops ‘n’ regs of wealth managers

Amid traditional LPs maxing out their allocations, PE looks to wealth managers to fill the gap – but they come with distinct requirements

Genesis Capital appoints legal counsel

Petr Müller joins from law firm Dentons

Accenture acquires Impendi

Deal for sourcing and procurement services provider is a bid to further build out Accenture’s private equity capabilities

Ecovadis adds Vitals to IQ Plus platform

Vitals is a questionnaire aimed at helping businesses manage supply chain sustainability risks

Dawn promotes four

In the ops team (pictured), the firm has promoted Adina Goga to director of legal and Gamila Hassan to talent acquisition lead

Goodwin appoints credit funds partner

John Anderson to join the firm’s London team and focus on credit fund strategies

What the AI?!... Ropes & Gray

Partner Rohan Massey and counsel Edward Machin at Ropes & Gray discuss how AI regulation might develop, along with key legal considerations for fund managers contemplating the technology’s adoption

Park Square promotes legal counsel

Phanne Yang came to the firm two years ago as a legal associate

AC Christes & Partners moves to Munich

Firm aims to offer transaction advisory, audit, tax, valuation and post-merger integration services from its new location

A&M Tax appoints ASEAN tax lead

Singapore-based Shantini Ramachandra was previously a partner at Deloitte

Goodwin expands Luxembourg funds team

Baker McKenzie’s Julien Schraub and Deloitte’s Céline Moille join as counsel while Philip Spilberg is promoted in the private investment funds practice

Park Square makes round of promotions

Andrew Haywood is now COO, Luke Varley is general counsel and Matthew Maguire assumes the role of CFO

ACA’s Andrew Poole moves to Kroll

Director of compliance has spent five years at ACA Group focusing on advising the PE and private credit sectors

Robin AI secures $26m

Funding aims to expand legal AI tech provider’s presence in the US, inaugurate its presence in Asia Pacific and increase AI engineer headcount

Operational utopia

If operations professionals made all the decisions, what would the perfect PE firm look like?

The UK’s nice green labelling machine

Response to FCA’s SDR positive as regulatory arbitrage remains around applicability to overseas funds, portfolio management and practice of its highly anticipated anti-greenwashing rule

Roschier expands finance and restructuring team

Björn Hård af Segerstad joins the law firm as counsel for financial regulation

Praxio appoints head of banking and finance

Pinsent Masons fund finance director Michael Mbayi joins Luxembourg law firm

Kroll launches risk assessment tool

Offering includes portfolio monitoring and diligence, streamlined data collection and benchmarking

Carbon Accounting Alliance launches

Group of 35 organisations represents emissions of 24,000 companies

Home game Sweden

A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds

Profile: Martim Avillez, Limerston Capital

The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times

JTC acquires Blackheath

Fund administrator expands its ManCo services for UK-based funds

Magic ID secures €350k

KYC startup aims to use the funding to launch its range of ID verification tools in the UK and the EU

Southern Europe: Structures to suit all tastes

Variety is indeed the spice of life when it comes to fund 
domiciles across Southern Europe

Comment: Pillar Two ex post

Asset managers need to carefully consider the implications of Luxembourg’s proposed implementation of the OECD’s Pillar Two rules, argue Bastien Voisin, Yann Ricard and Olha Polishchuk of Goodwin

Carta launches waterfall calculation tool

Company aims to support with LP reporting, M&A deal impact and equity value estimations

Firm identity

A tight fundraising environment and ESG fund naming conventions warrant a closer look at the names of private equity entities, writes Matthias Plötz

Apperio’s CEO steps down

Founder Nicholas d’Adhemar created the company in 2013 to improve the management of legal costs for PE firm in-house legal teams

Ontra integrates GPT-4

The large language model will be incorporated into the firm’s AI engine Ontra Synapse

LISTEN: Tick-tock. Time to tokenise?

Tokenisation use cases for private markets

AIFM-Done

As the EU concludes technical discussions around the AIFMD review, The Drawdown takes stock

Must NAVs

The benefits and risks of NAV financing in a liquidity drought

Driftwood Climate comes ashore

Boutique consulting firm to advise on climate strategy, decarbonisation and climate impact

Comment: Burden of proof

Amelia Stawpert and Alex Jones of Hogan Lovells analyse the impact of the ECCTA on UK limited partnerships

Ropes & Gray’s Emily Brown joins White & Case

Brown joins as a partner in the law firm’s global M&A and PE industry group

Deus Group launches Murphy

Founder Varun Khullar walks The Drawdown through his merger-filing tool, which aims to support GPs and deal lawyers in their deal completion process and associated regulatory filings

Apex acquires Watermark

The fund administrator has infiltrated the Portuguese market

Dillon Eustace appoints two to asset management practice

Laura Goonan and Hannah Fenlon join as partners in the practice in Dublin

Ropes & Gray promotes Maj to counsel

The lawyer’s asset management team promotes Dorota Maj as one of 20 lawyers making the move to counsel across the firm

Robin AI plugs into Microsoft

Partnership sees Robin AI’s contract Copilot plugged into Microsoft Word

CMA publishes Green Agreements Guidance

GPs and LPs are unlikely to infringe upon UK competition law for pursuing environmental sustainability agreements

Pinsent Masons appoints Irish funds team lead

Conor Durkin to head the firm’s funds team in Dublin

K&L adds funds partner

Formerly with Arthur Cox, Hazel Doyle is to join firm’s Dublin office launched earlier this year