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ILPA updates model LPA

According to ILPA, updates have been made to improve transparency, governance and alignment of interests

Cobalt partners with Lionpoint

The partnership will assist PE firms wanting to integrate tech into their investment processes

Jersey seeks feedback on LP continuance fees

The proposed fees will only affect foreign limited partnerships wanting to migrate to Jersey

European PE firms rank highest for ESG

The majority (81%) of European private equity firms are rated ‘excellent’ or ‘good’ for their ESG practices in 2019

Jersey’s PE funds increase by 11%

Latest figures show private equity assets serviced in Jersey increased from £136bn to £150.5bn in Q1 2020

Equiom buys Borean

The acquisition is part of Equiom’s wider strategy to increase its services for asset managers in tier 1 jurisdictions

Jersey increases fund fees

The new rates form part of the regulator’s 2020 business plan

eVestment partners with Assette for data integration project

The partnership aims to improve asset managers' data integration into client and sales communications

Apperio expands into US

The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms

AcordIQ launches waterfall validation service

The platform aims to help GPs by providing them with independent verification on waterfall calculations

eVestment launches report building module

The Excel Report Builder enables GPs to recreate their clients’ report templates in the app by selecting the required data points and configurations

Cobalt partners with A&M Valuation Services

The partnership responds to ever-growing internal and external demands around portfolio data and reports

iCapital Network acquires Wells Fargo’s alts platform

As part of the transaction, Wells Fargo is investing in iCapital, under the terms of the Network’s latest funding round in March

European Commission evaluates impact of AIFMD

The survey assessed whether specific rules are considered effective, efficient, coherent and relevant by stakeholders

ASI and Cambridge Uni partner for portfolio risk assessment platform

Incorporating Cambridge’s system into ASI's PRISM enables the platform to quantify the effects of various potential and emerging real life risks on a portfolio

Guernsey launches fast-track licencing for overseas funds

The regime aims to enable simultaneous consideration of a migration into the Bailiwick of Guernsey and licencing of the manager within a 10-day period

CFOs must cope with lack of recognition

Despite the broadening and increasing complexity of their roles, private equity CFOs lack adequate recognition, according to Investec's latest report

Domicile watch: June 2020

Key takeaways from the major PE domiciles: including how Luxembourg, Guernsey and Jersey are adjusting their practices as Covid-19 country lockdowns are eased while Cayman highlights a fraudulent due diligence email being circulated

LPs to sharpen focus on valuations

Coller Capital's Global Private Equity Barometer Summer 2020, found almost half (48%) of LPs require or will require their GPs to perform independent valuations

ILPA wants more transparency on sub lines

The latest guidance advises PE firms to be more transparent around the use of fund finance facilities and the impacts they have on performance

EQT secures largest ESG-linked sub line

EQT's Therése Lennehag: "With this ESG-linked financing facility, we actively contribute to increasing the availability of high-quality ESG data, critical for the financial markets to be able to build a resilient and regenerative economy"

ESMA outlines plans for fund fees and expenses

The guidance responds to calls for improving convergence across national regulators in their approach to fund costs

Cortland rebrands as Alter Domus

The enlarged group now counts $750bn of assets under administration, as well as 2,400 employees across 44 global offices

GPs see digitisation as a growth enabler

The Intertrust PE Report Summer 2020 survey, found technology and digital functionalities are key in helping firms to achieve greater transparency

Public hearing for ESG disclosure proposals

The public hearing will explain and discuss the content of the consultation paper on ESG disclosure standards for financial services, which was published on 23 April

LPs call for detailed impact analyses

A recent survey from Cebile Capital has found that LPs are in need of detailed impact assessments of Covid-19 on portfolio companies

Apex expands Throgmorton in Switzerland

The new office provides accounting and tax compliance services, company secretarial and governance as well as payroll services to businesses operating locally

ESMA updates MiFID II compliance guidelines

The final draft replaces the 2012 guidelines and provides more clarity on implementation and supervision of new MiFID II compliance function requirements

PE won’t make full office return until 2021

PER found 23% of respondents expect to make a complete return to the office between July and August while 37% are planning a full return between September and December

Debevoise opens Luxembourg office

It will assist PE clients with establishing funds and related regulatory matters

Keytrack launches VC portfolio management tool

The software aims to siimplify portfolio management for VC firms

Guernsey launches guidance on green PE principles

The aim is to bring climate risks and resilience into the heart of private equity decision making

Majority of fund managers expect significant Q1 NAV decrease

35.6% of respondents anticipate NAV reductions between 6% and 10%, while 17.8% expect a decrease of between 16% and 20%

Tax consultancy Wheelhouse launches

The London-based firm provides management, regulatory reporting, accounting, tax, HR consultancy and outsourcing solutions

MJ Hudson’s WFH survey predicts permanent change

The preliminary findings reveal the ways in which new working conditions are impacting the industry, as well as an about-turn on remote working mind sets.

Rising LPA amendments

With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments

WGAM invests in Validus

WGAM believes Validus is well-positioned to respond to growing needs of managing operational risks

Colmore establishes ML and data team

Kamil Leoniuk and Lukasz Szczesiak to lead Colmore's new business unit focused on machine learning and data automation

JTC opens Dublin office

Ronan Reilly and Imran Khan have been hired as MD and director, respectively, to lead the office

iCapital Network buys Artivest

Artivest is a technology platform which provides HNWs access to private equity and hedge funds

SimCorp enters South Africa

Local firms are seeking to scale and automate investment operations and move away from outdated, legacy systems

Domicile watch

A round-up of key takeaways from major PE fund domiciles, including a Jersey Finance survey, ESG and climate change initiatives as well as regulatory updates

SS&C partners with FLX Distribution

The partnership enables asset managers to access fund services and distribution opportunities in one place

Sanne acquires Inbhear

The deal is part of Sanne's move to strengthen its expertise in Dublin

Addepar launches digital Marketplace

The platform connects HNW clients with private capital market funds

Carry takes a hit

PER's latest report found that 74% of respondents predict carried interest and LTIP values will drop during the next three months

Investindustrial awarded B-Corp status

B-Corps meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose

PRI, “A shield against COVID-19: embedding human rights in investment”

The PRI's Bettina Reinboth and Nikolaj Halkjaer Pedersen believe private capital has crucial role to play in safeguarding human rights

Palatine-backed SMP buys RBC’s corporate services HK

As part of the deal, RBC’s clients and employees of this division will transfer to SMP

CSC expands fund services into Ireland

The firm was granted a licence to provide its offering there by the Central Bank of Ireland

More fund finance, secondaries, comms and PR

MJ Hudson's top predictions of trends expected to emerge following the crisis, including new forms of fund finance, recovering secondaries dealflow and better comms

Apex partners with Triple Point

Apex will use Triple Point's blockchain platform to connect its clients with buyers and sellers on the secondary market

Proposed ESG disclosures open for consultation

This is the next step in increasing clarity around ESG reporting, and gives some idea of what might be expected of firms going forward

Q1 2020 NAVs are expected to decrease 9.5%

The survey conducted by Setter Capital also found Q2 2020 NAVs are expected to decrease 12.6%

Apex expands Throgmorton into Jersey

This is the second of a number of geographic expansions planned for the brand.

ESMA, FCA extend annual reporting deadlines

The guidance is for private fund managers following the Alternative Investment Fund Managers Directive

Ocorian acquires Allegro

The deal furthers Ocorian’s fund admin offering across all investment structures and specialisms including green energy, listed and private funds

Stop using Zoom, now

Following recent reports of Zoom's poor security, experts advise ditching the platform

PwC publishes special guidance update on valuations

The accountancy firm considers the guide an additional support to the statement released last month by IPEV on estimating Fair Value during the crisis

Nothing to see here: LP defaults are fake news

Following reports of LP defaults, the Fund Finance Association (FFA) has released a statement on current market activity, as well as best practices.