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Diligend partners with Intralinks

The partnership enables mutual clients to automate document acquisition from Intralinks’ virtual data room directly into Diligend

Apex acquires Maitland

Maitland provides fund administration, transfer agency and ManCo services to traditional, alternative and mutual funds

DealEdge launches portfolio diagnostics

New module enables deal comparisons against sector specific benchmarks

ESMA consults on cross-border activity notifications

The proposals aim to standardise the process of notifying EU member state NCAs using standardised information and templates

ODD: background checks most important

New findings show background checks and references are the most important ODD considerations for LPs

BlackRock to streamline ESG reporting

Consortium of LPs will use ESG Outreach, an extension of eFront’s Insight platform, for ESG data collection, analysis and reporting

Gain.pro secures $10m investment

The fresh capital will accelerate the platform’s growth, while enabling the team to invest in new product functionality

Jersey amends limited partnership law

Latest amendments aim to provide fund managers with greater flexibility in international fund structuring

Gaillard and Bénard launch Armen

Industry heavyweights create new firm focused on European GP stakes

City Hive launches D&I reporting framework

The new framework aims to assess company culture in a bid to prevent greenwashing diversity

Freyda partners with Eze Castle

The partnership aims to improve productivity and transparency of investment data

Centralis acquires Wheelhouse

The deal marks an exit for previous backers Pelican Capital

Zedra acquires Atlas Fund Services

The firm also received a minority investment from British Columbia Investment Management Corporation

Suntera expands to US

Suntera has bought US-based fund administrator Socium Funds Services

Domicile watch: April 2022

Key takeaways from the major PE domiciles: including Jersey’s NPPR use by AIFs and CIMA’s latest promotions

400 PRI signatories used EU taxonomy last year

Around 10% of total signatories adopted taxonomy on voluntarily basis before it became a mandatory obligation

Circularity secures first ESG-linked facility

The firm has put a fund finance facility in place to provide more flexibility for future investment processes

Intapp and KPMG AG announce strategic alliance

Partnership aims to accelerate digital transformation for professional services and capital markets firms

JTC launches virtual chief sustainability officer service

The outsourced offering aims to help clients to understand, definite and implement their own ESG strategy, policies and reporting

LGL selects Allvue

LGL’s clients will have access to Allvue’s fund account solution and investor portal

Due diligence goes digital

A new report found the majority of survey respondents intend to use more technology and tools to get diligence done in the future

Apex buys FTS

The US business provides tax planning, compliance and structuring to PE and RE funds

EU Commission publishes finalised RTS under SFDR

The Commission Delegated Regulation will come into force on 1 January 2023, when SFDR is expected to come into effect

Highvern receives Irish TCSP authorisation

The authorisation enables the fund administrator to provide corporate administration services to section 110 and SPV structures across alternative asset classes

mnAI acquires Regulation Technologies

The acquisition aims to enhance mnAI’s data insights offering

InvestorFlow merges with Cloud Theory

The combined business has also secured a $30m series A investment from Ambina Partners

Pemberton launches NAV offering

The lender has hired 17Capital’s Thomas Doyle to lead its new NAV financing strategy

Domicile watch: March 2022

Key takeaways from the major PE domiciles: including the FCA’s PRIIPs regulation, JFSC’s proposal to increase investment business fees and the latest addition to Guernsey’s blacklist

“Every PE firm should have a CTO” - Jolt Capital

The need for PE firms to have a CTO is becoming increasingly important, and could become key to a firm's survival

Real-time data reporting remains a source of friction between LPs and GPs

KKR's Catherine Cutts: "The demand for more granular data versus the ability for GPs to produce that is a source of friction in LP-GP relations"

Nominations open for the Most Influential Fund Finance Experts

The Drawdown is launching a new report, celebrating the most influential players in the fund finance market - nominations are now open

Waystone acquires Centaur

The deal marks an exit for previous investors FTV Capital, which backed Centaur in January 2020

GP tech adoption looms large on LP investment decisions

The majority of LPs' investment decisions are influenced by GPs’ level of technology adoption, according to a recent survey by Brackedale consulting and AssetMetrix

Stanley Capital partners with AAICO

The partnership enables Stanley Capital’s technology arm, Stanley Labs (S-Labs) to use AAICO’s AI tech for value creation

Kroll launches valuation practice in Lux

The new business is headed up by Armand Kantar, who has been with the company since 2019

ESG Book adds ESG data convergence project metrics

Private equity GPs and LPs, globally, will now have access to meaningful, performance-based, comparable sustainability data from private companies

Drawbridge launches industry advisory board

The IAB aims to foster an open exchange of ideas and best practices to help advance cyber defences for the alternative investment community

Entrilia launches PE & VC operations solutions

Phase one of the launch includes private equity and venture capital fund accounting, investor insights as well as business intelligence solutions

GRI most popular ESG reporting framework

The framework is widely used across the US and Western Europe because it’s considered the most comprehensive standard for sustainability reporting

PwC Luxembourg adopts Diligend

Use of Diligend meets PwC Lux aims to better support its clients with due diligence, ongoing monitoring and oversight needs

Thoma Bravo acquires Anaplan for $10.7bn

The cloud-based platform acts like a traditional data warehouse and supports PE firms with budgeting and cash flow forecasting, sale realisation modelling and carry modelling

Addleshaw Goddard opens Luxembourg office

Fieldfisher’s Richard Ledain Santiago has been appointed as partner to lead the new office

Key reporting deadlines for Q2 2022

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

PE and private debt still behind on digital transformation

Broadridge’s latest report found only 12% of PE and private debt respondents identified as leaders when considering their digital maturity level, compared with 41% of other investment and asset managers

Vistra receives regulatory approval for India’s GIFT City

According to the firm, it is one of the first global organisations to receive this approval

TNFD framework open for consultation

Taskforce for Nature-based Financial Disclosures aims to build upon the approach taken by TCFD and align with the emerging global baseline for sustainability standards

Apex acquires Fund Admin Chain

FAC is a distributed ledger-based network for launching, distributing, trading and settling funds

Ares, BlackRock among new BWAM partners

Helios, JP Morgan AM, M&G, Maniyar Capital, Morningstar and State Street Global Advisors also join BWAM as industry partners

Gen II acquires Update Capital

The platform provides an automated, cloud-based solution for real estate managers

Irish funds reach €3.7bn NAV

The domicile saw an annual increase of 23%, equivalent to €699bn

Guernsey funds reach £303.6bn NAV

We Are Guernsey stated this is the first time the NAV for funds domiciled in Guernsey has reached this level

SS&C launches AI fund admin platform

GoCentral uses AI and BPR to optimise front, middle and back office services

Ocorian adopts eFront Invest suite

Ocorain currently uses eFront for its central administration and transfer agency support

Novata forms ESG advisory council

The council advises the firm on ways to help private markets navigate, operationalise and extract value from ESG data

PE & VC firms failing to meet industry EDI standards

Equality Group’s latest D&I index ranked Advent International in first place for the second year in a row, with a top score of 65%

HSBC launches digital administration platform

The platform provides GPs and LPs with digital workflow and reporting solutions

Oakbridge Funds merges with ED Capital

Both Oakbridge and ED Capital are owned by Jersey-based ED Group

Total net sales of European AIFs declined in 2021

EFAMA’s quarterly report found net sales of AIFs fell from €177bn in 2020 to €67bn in 2021

Domicile watch: February 2022

Key takeaways from the major PE domiciles: including JFSC’s late fees for registry submissions, Guernsey’s new chair for its Green Finance strategy and Ireland’s Green Pledge launch

Grata closes $25m series-A

The private company intelligence engine will use the fresh capital to accelerate the platform’s ability to access data on mid-market companies