News
7 May 2021
PE embraces alternative data
Alternative data has been commonplace in hedge funds for 15 years, but private equity firms are now upping their use of this information flow.
5 May 2021
Allvue opens Singapore office
Edward Bee joined Allvue as region head for APAC and will head up the new office
4 May 2021
Procensus extends to PE
The regulated platform aims to help investors understand market consensus on macro topics such as key ESG issues, market transactions (M&A and IPOs), stocks and stock specific events
30 April 2021
Cobalt updates portfolio monitoring platform
Cobalt claims this is the industry’s first self-service portfolio monitoring solution
28 April 2021
HWM acquires Koger
The deal has been backed by Lovell Minnick Partners, a financial services and tech-focused PE firm
28 April 2021
Digital transformation still in early stages
According to RFA only 10% of firms have completed their digital transformations, while 34% are in the decision making stage
28 April 2021
Domicile watch: April 2021
Key takeaways from the major PE domiciles: including JFSC's concerns in JPF service provision, Guernsey's updated PIF rules and Cyprus' growing funds industry
27 April 2021
Guernsey updates PIF rules
The amended rules offer three routes to register PIFs in Guernsey
26 April 2021
Accountability main focus for improving DE&I
ILPA Diversity in Action (DIA) signatories have set up cross-functional councils, committees or task forces
22 April 2021
FundRock launches EU distribution service
The operation aim to support US, UK, Asia and other third country asset managers distributing funds across the EU.
15 April 2021
Holland Mountain partners with Canoe
The partnership enables Holland Mountain’s newly-upgraded ATLAS data platform to connect with Canoe’s technology, for mutual clients
14 April 2021
ACA enhances regulatory tech platform
The upgrades have been driven by the evolving risk from Covid-19, as well as the continually developing regulatory environment
14 April 2021
MUFG IS partners with MJ Hudson on ESG reporting tool
The solution allows data to be collected in an automated way, with an overlay of ESG expertise from analysts, while being tailored to private markets
12 April 2021
TMF Group buys Venture Back Office
VBO provides fund admin, investor services, as well as portfolio management solutions to PE, real assets, credit and emerging manager funds
8 April 2021
Sanne acquires STRAIT
STRAIT provides fund administration, financial oversight and regulatory compliance services for PE, FoF, SPVs, family offices, hedge funds and other investment vehicles
7 April 2021
Holland Mountain upgrades data platform
ATLAS aggregates data from any source and provides business users and senior executives with centralised access to real-time data
30 March 2021
MUFG IS launches ESG reporting tool
The reporting tool initially uses RepRisk data and MUFG IS plans to add further data sources
30 March 2021
Allvue partners with Got Your Back
The partnership provides fund accounting solutions for Got Your Back's alternative fund management clients
30 March 2021
European GPs continue to outperform on ESG
New ratings from ASI’s 2020 ESG survey found the majority of European GPs scored highly
30 March 2021
Sanne granted Irish depositary services licence
Sanne Depositary Services provides depositary services to collective investment schemes
29 March 2021
Hermance launches digital investment platform
The platform connects HNWs and institutional investors with private markets funds via low minimum ticket sizes
26 March 2021
Jersey PE and VC funds grow by 21%
JFSC figures also showed the number of registered Jersey Private Funds reach 403, an increase of more than 100 during 2020
25 March 2021
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
23 March 2021
Valutico explores ESG valuations
Valutico has received a €200,000 innovation grant from the Vienna Business Agency to support the project
22 March 2021
Advent achieves top rank D&I score
The firm is closely followed by EQT (65%) as well as TowerBrook Capital Partners and Investcorp (both 63%)
22 March 2021
InCloudCounsel launches Insight
Insight aims to allow fund managers to manage LP obligations to across all funds in one centralised platform
17 March 2021
Mainspring partners with Aspida Group
The partnership aims to service Guernsey-domiciled private equity and venture capital funds
16 March 2021
IQ-EQ selects Allvue for private debt & credit
The debt desk will employ FIS software for accounting and transfer agency services, DX as the 24/7 online client portal, as well as IQ-EQ’s proprietary reporting system, IQ-EQ Cosmos
15 March 2021
Moonfare partners with Fidelity International
The partnership aims to provide institutional and wholesale clients with access to private market strategies
12 March 2021
Allvue updates performance & portfolio monitoring solution
The platform provides an overview of accurate investment performance down to asset level
10 March 2021
SFDR comes into effect
SFDR imposes new transparency obligations and periodic reporting requirements on financial market participants
10 March 2021
Auxadi appoints five
Inflexion-backed Auxadi provides corporate services to private equity and real estate firms
10 March 2021
Palatine invests in Anthesis
The fresh capital will support Anthesis’ growth plans, both organic and acquisitive, as well as accelerating its digitalisation
9 March 2021
Long Ridge backs Drawbridge
Cyber security provider Drawbridge currently counts 300 alternative asset manager clients
9 March 2021
Former Apex trio launch Oakbridge Funds
The independent fund administrator is majority owned by investment firm ED Group
8 March 2021
GCV launches new end-to-end SaaS
Quva was developed by GCV’s venture builder division G-Labs
8 March 2021
Crestbridge opens Dublin office
The firm is currently authorised to provide corporate services in Ireland and is aiming to provide fund admin services soon
8 March 2021
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
5 March 2021
TiG acquires ThirdSpace
The deal was backed by BGF, with financing provided by Santander’s Growth Capital team.
4 March 2021
Ocorian purchases Platinum Compliance
Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020
4 March 2021
Consero buys BridgeView CFO Solutions
The deal expands Consero’s suite of solutions to include HR and payroll services for its existing client base
2 March 2021
IQ-EQ targets fund services in Ireland
The firm received fund administrator authorisation from the Central Bank of Ireland in December
1 March 2021
Hawksford receives investment from STAR
The fresh capital will be used to support Hawksford’s acquisitive growth strategy
1 March 2021
ESAs publish statement on application of SFDR
The objective is to “achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and the protection of investors"
25 February 2021
InCloudCounsel opens Singapore office
The firm has hired Jon Crandall as managing director for APAC to lead the office
25 February 2021
PE and private debt behind on adopting tech
Broadridge's latest report found only 9% of PE and private debt respondents identified as leaders when it came to using AI, blockchain, the cloud and digital
24 February 2021
LP location most important factor in fund structure selection
Alternatives Watch’s 2021 Fund Formation Survey found 20% of respondents cited regulatory regime as another important consideration for dictating the type of fund launched
24 February 2021
Standish partners with Redwood Valuation
The partnership enables Redwood to offer Standish clients a wide array of valuation services in a streamlined, high quality and cost effective manner
23 February 2021
LPs push for DE&I in private markets portfolios
According to Mercer, LPs want DE&I manager programmes implemented and an expansion of DD frameworks to include diversity metrics
22 February 2021
PE and VC funds reached $325.9bn in Jersey in 2020
Monterey's latest report found more than 120 new Jersey funds were launched during 2020 collectively totalling $14.5bn
22 February 2021
AIFs and UCITS totalled €174bn in December
EFAMA's latest report found AIFs and UCITs net sales totalled €174bn in December, a significant increase from €78bn in November
22 February 2021
BWAM launches leadership accelerator course
The six-month programme aims to fast track the careers of mid-to-senior level black female professionals
22 February 2021
Domicile watch: February 2021
Key takeaways from the major PE domiciles: including Jersey's recommendations to adapt its framework, Guernsey's latest guidance on cyber security and countering financial crime and terrorist financing, as well as Luxembourg's response to OpenLux
18 February 2021
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
17 February 2021
iCapital and CAIA Association launch AltsEdge
AltsEdge is an education system which aims to help financial advisors understand alts investment strategies
16 February 2021
Cost of meeting LP data demands: $5.5bn
Intertrust's latest report found 64% of CFOs expect LPs to want daily/live updates on ESG, while 50% expect them to require frequent updates on operational service level agreements
15 February 2021
Luxembourg Government and ALFI respond to OpenLux investigations
Statements defend the Grand Duchy’s regulatory standards following the OpenLux investigations, which claimed Luxembourg uses flawed AML frameworks
15 February 2021
JTC acquires INDOS
INDOS provides depository, ESG and AML oversight services to the alternative funds sector
12 February 2021
BVCA publishes D&I guidelines
The guidance aims to help increase investment in under-represented founders and drive diversity and returns across PE and VC