News
18 May 2022
Diligend partners with Intralinks
The partnership enables mutual clients to automate document acquisition from Intralinks’ virtual data room directly into Diligend
18 May 2022
Apex acquires Maitland
Maitland provides fund administration, transfer agency and ManCo services to traditional, alternative and mutual funds
17 May 2022
DealEdge launches portfolio diagnostics
New module enables deal comparisons against sector specific benchmarks
17 May 2022
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
16 May 2022
ODD: background checks most important
New findings show background checks and references are the most important ODD considerations for LPs
16 May 2022
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
13 May 2022
Gain.pro secures $10m investment
The fresh capital will accelerate the platform’s growth, while enabling the team to invest in new product functionality
12 May 2022
Jersey amends limited partnership law
Latest amendments aim to provide fund managers with greater flexibility in international fund structuring
10 May 2022
Gaillard and Bénard launch Armen
Industry heavyweights create new firm focused on European GP stakes
9 May 2022
City Hive launches D&I reporting framework
The new framework aims to assess company culture in a bid to prevent greenwashing diversity
4 May 2022
Freyda partners with Eze Castle
The partnership aims to improve productivity and transparency of investment data
4 May 2022
Centralis acquires Wheelhouse
The deal marks an exit for previous backers Pelican Capital
3 May 2022
Zedra acquires Atlas Fund Services
The firm also received a minority investment from British Columbia Investment Management Corporation
3 May 2022
Suntera expands to US
Suntera has bought US-based fund administrator Socium Funds Services
3 May 2022
Domicile watch: April 2022
Key takeaways from the major PE domiciles: including Jersey’s NPPR use by AIFs and CIMA’s latest promotions
29 April 2022
400 PRI signatories used EU taxonomy last year
Around 10% of total signatories adopted taxonomy on voluntarily basis before it became a mandatory obligation
28 April 2022
Circularity secures first ESG-linked facility
The firm has put a fund finance facility in place to provide more flexibility for future investment processes
26 April 2022
Intapp and KPMG AG announce strategic alliance
Partnership aims to accelerate digital transformation for professional services and capital markets firms
25 April 2022
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
14 April 2022
LGL selects Allvue
LGL’s clients will have access to Allvue’s fund account solution and investor portal
13 April 2022
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
13 April 2022
Apex buys FTS
The US business provides tax planning, compliance and structuring to PE and RE funds
12 April 2022
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
12 April 2022
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
11 April 2022
mnAI acquires Regulation Technologies
The acquisition aims to enhance mnAI’s data insights offering
11 April 2022
InvestorFlow merges with Cloud Theory
The combined business has also secured a $30m series A investment from Ambina Partners
7 April 2022
Pemberton launches NAV offering
The lender has hired 17Capital’s Thomas Doyle to lead its new NAV financing strategy
1 April 2022
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
1 April 2022
“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
1 April 2022
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"
30 March 2022
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
30 March 2022
Waystone acquires Centaur
The deal marks an exit for previous investors FTV Capital, which backed Centaur in January 2020
30 March 2022
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
29 March 2022
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
28 March 2022
Kroll launches valuation practice in Lux
The new business is headed up by Armand Kantar, who has been with the company since 2019
25 March 2022
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
25 March 2022
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
25 March 2022
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
24 March 2022
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
23 March 2022
PwC Luxembourg adopts Diligend
Use of Diligend meets PwC Lux aims to better support its clients with due diligence, ongoing monitoring and oversight needs
23 March 2022
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
22 March 2022
Addleshaw Goddard opens Luxembourg office
Fieldfisher’s Richard Ledain Santiago has been appointed as partner to lead the new office
22 March 2022
Key reporting deadlines for Q2 2022
Need to know dates for private equity filings in the second quarter of 2022
17 March 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
17 March 2022
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
17 March 2022
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
15 March 2022
Apex acquires Fund Admin Chain
FAC is a distributed ledger-based network for launching, distributing, trading and settling funds
14 March 2022
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
14 March 2022
Gen II acquires Update Capital
The platform provides an automated, cloud-based solution for real estate managers
11 March 2022
Irish funds reach €3.7bn NAV
The domicile saw an annual increase of 23%, equivalent to €699bn
10 March 2022
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
9 March 2022
SS&C launches AI fund admin platform
GoCentral uses AI and BPR to optimise front, middle and back office services
9 March 2022
Ocorian adopts eFront Invest suite
Ocorain currently uses eFront for its central administration and transfer agency support
9 March 2022
Novata forms ESG advisory council
The council advises the firm on ways to help private markets navigate, operationalise and extract value from ESG data
8 March 2022
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%
3 March 2022
HSBC launches digital administration platform
The platform provides GPs and LPs with digital workflow and reporting solutions
3 March 2022
Oakbridge Funds merges with ED Capital
Both Oakbridge and ED Capital are owned by Jersey-based ED Group
2 March 2022
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
1 March 2022
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
1 March 2022
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