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eFront partners with Clarity AI

The partnership will integrate Clarity AI’s platform into eFront, enabling GPs and LPs to generate sustainability data on alternative investment portfolios

73 Strings partners with LemonEdge

The partnership aims to facilitate the flow of data between portfolio monitoring and accounting modules

Apex rolls out EDB digital banking platform

Clients can open multi-currency accounts and manage day-to-day transactions through automated market money sweeps from a single dashboard

Vauban creates Lux fund launchpad

The platform aims to help emerging managers to launch VC funds in Luxembourg

Accelex partners with Lionpoint

The partnership aims to automate operations end-to-end across private markets

BOE interest rate hike to impact valuations

“I think we can expect to see the interest rate hike exert some downwards pressure on valuations, though how much is difficult to forecast given the broader market conditions.”

Apex completes Sanne acquisition

Completion of the takeover comes almost exactly one year after Sanne agreed to the £1.5bn deal

FCA sets out new rules for AR scheme

The new rules aim to improve oversight of appointed representatives, while placing more responsibility on principal firms

FCA consults on retail access to LTAFs

The regulator has proposed draft rules to open up access to a broader range of retail investors, while providing further investor protection

IK formalises emissions targets

The PE firm’s greenhouse gas emissions targets have been validated by the Science Based Targets Initiative

Keytrack’s former MD launches FundCFO

The new platform aims to support VC CFOs by providing them with tools and knowledge to set up and run a fund

Altvia receives investment

Marlin Equity Partners has provided a majority growth investment to the alternative asset CRM provider

AMF consults on PE funds’ end of life

The French regulator has suggested 19 proposals to improve retail investor protection

Domicile watch: July 2022

Key takeaways from the major PE domiciles: including JFA’s new committee, GFSC’s updated blacklist and proposed fees increase as well as FCA’s leadership hires

CEPRES partners with Qontigo

The partnership aims to provide asset managers and owners risk modelling solutions for private market assets

NAV Fund Administration expands to Mauritius

The firm received a management licence from the Mauritius Financial Services Commission to operate as a managed corporate service provider

Apex partners with AlphaCentrix

The partnership aims to AlphaCentrix provide data management solutions to clients

Petra opens London office

Former Riverstone European general counsel and head of ESG, Charlie Chipchase, will lead the fund administrator’s new branch

CVC sells stake in TMF Group to itself

Abu Dhabi Investment Authority has also taken a significant minority stake

House of Lords slams PE for “financial engineering and tax avoidance”

Lord Sikka pointed to private equity fund and deal structures in Switzerland, Jersey and the Caribbean, created for the purpose of “asset stripping, profit shifting and tax avoidance”

LemonEdge partners with Anduin

The partnership aims to digitise the entire investor journey end-to-end

Arrow opens Luxembourg office

The new office will provide fund administration services via a local team

Accelex secures another $5m

The fresh capital will support Accelex’s expansion plans including further product development, client acquisition and support

TNFD launches Nature-related Data Catalyst

The group aims to identify data challenges and gaps, and provide recommendations to rectify them

Apex acquires Context365

Context365 connects LPs and GPs through its SaaS digital networking and research platform

SymphonyAI acquires NetReveal

The acquisition aims to increase the use of AI for financial crime detection

FCA delays consultation on SDR

The FCA has delayed its internal consultation period from Q2 2022 to autumn 2022

Pinsent Masons expands to Luxembourg

As part of the expansion, Wildgen’s Michel Bulach, David Maria and Mark Shaw have joined the team

IQ-EQ upgrades MaxComply

The redesign aims to improve KYC, AML and employee compliance processes

Reed Smith launches global ESG practice

The practice builds on the support and advice the firm has provided for its clients around ESG for a number of years

GoldenSource launches cloud data services

The cloud data services aim to help financial markets firms to better manage their data into and within data lakes and warehouses

Ocorian secures three Irish licences

The fund administrator has received AIFM, fund administration and real asset depositary services licences from the Central Bank of Ireland

Accelex partners with Universal Investment

The partnership aims to provide clients with advanced data services for alternative investment portfolios

Key reporting deadlines for Q3 2022

Need to know dates for private equity filings in the third quarter of 2022

Apex buys Darwin

The Netherlands-based depositary services provider works with alternative investment funds

Domicile watch: June 2022

Key takeaways from the major PE domiciles: including the FCA’s policy statement on regulated fees and levies for 2022/23, JFSC’s deadline extension for 2022 JPF annual compliance returns and Ireland reaches €4trn for the first time

EFA expands to the Nordics

The fund administrator has opened an office in Stockholm

TNFD releases v0.2 beta framework

This second release builds on and incorporates the core components of the first v0.1 framework, makes several enhancements and introduces three new features

FFL invests in Abacus

Abacus Group is a global IT managed services provider for alternative investment firms

Ontra acquires FundFormer

FundFormer is an electronic subscription document provider for fund managers and their LPs

Private fund managers not ready to comply with SEC regulations

Only 17% of private fund managers surveyed believe their organisations are very prepared to comply with the SEC’s forthcoming reporting and compliance requirements

SS&C launches LP asset allocator platform

The new platform, powered by FundHub, provides an integrated software-plus service solution to LPs

TMF Group partners with Governance.com

The partnership aims to accelerate digital governance through process automation

Eze partners with Untap

The strategic partnership aims to offer an integrated tech platform for PE built around Microsoft technology.

ESG Book raises $35m series B

The new funding, led by Energy Impact Partners, will advance ESG Book’s next-generation technology

Gen Z call for PE to boost ESG credentials

Private equity firms should better highlight their ESG credentials if they want to secure the next generation of top talent within a fiercely competitive candidate market, new research finds.

LP appetite for PE suffers sharp decline

The Rede Liquidity Index score has decreased from 70 in 2021 to 55 for H1 2022 signalling a sharp fall in LP investor appetite.

Luchet joins ACA to lead European ESG Advisory

Marie Luchet was previously the director of Continental Europe with Principles for Responsible Investment (UNPRI)

Apex launches portal for credit managers

Credit Data Lens provides real-time loan performance data and P&L calculations

Failure rate for GP-leds exceeds 50%

The uptake in GP-led strategies have continued to rise despite a significantly high failure rate - - said panellists at SuperReturn

Valuations expected to drop

PE firms believe valuations will fall in the next six months

Apex acquires ZASMalta

ZASMalta provides regulatory compliance and risk management services to 50 clients

MJ Hudson partners with Cork Gully

Partnership seeks to provide restructuring services including, GP-leds, GP replacement, continuation or wind down structures

Zeidler launches digital sustainable finance module

The module provides practical guidance on sustainable finance regulations, disclosure and reporting obligations

Gen II selects NTT

The partnership aims to accelerate the firm’s digital transformation

The Drawdown Awards 2022: Winners announced

Congratulations to all the winners of The Drawdown Awards 2022

FundRock expands to the Netherlands

The new office in Amsterdam will provide fund distribution services to clients

Allvue partners with Preqin

The partnership provides Allvue clients access with Preqin data to support benchmarking exercises

Cinven secures €4bn ESG-linked sub line

The sustainability linked loan will support portfolio company ESG initiatives

LPs to start requesting SBTi adoption

New research reveals the majority of European LPs will soon be asking managers to adopt the Science-Based Targets initiative