News
21 September 2020
Eurazeo launches two-step ESG initiative
O+, has two pillars: to achieve zero net carbon by 2040 at the latest, and to play a role in bridging widening social gaps
17 September 2020
EDB receives FCA approval
The authorisation follows last year’s approvals from regulators in Malta and Ireland
17 September 2020
Murano launches consultancy division
Murano Consulting offers competitor analysis, investment strategy audits and other bespoke client services
15 September 2020
AcordIQ launches carried interest tech module
The 'What-If' scenario analytics module provides systematic predictability and insights through the life cycle of the fund
14 September 2020
US LPs invest £43.6bn into Guernsey-domiciled funds
Guernsey government research found the NAV of Guernsey-domiciled funds under management reached £227.7bn in mid-2019
11 September 2020
Eze Castle buys Alphaserve
The acquisition broadens Eze Castle’s product offering and strengthens its ability to serve its clients across the US, the UK and Asia with innovative and robust technology
10 September 2020
Executive Nexus partners with Teamscope and DealCloud
The trio aim to provide accurate insights on people and teams in a usable format to drive better business decisions
8 September 2020
Mainstream expands into APAC
Expansion follows signing of new client, Korea Development Bank Asia
7 September 2020
LemonTree launches new alt asset solution
The platform aims to help the complex back and middle office technologies
4 September 2020
Sudrania expands in Singapore
The expansion enables the firm to introduce its services to clients looking to use the country’s recently passed VCC fund structure legislation
4 September 2020
Exclusive: InCloudCounsel opens in Hong Kong
Founder and CEO Troy Pospisil said expansion was driven by responding to global clients' needs
3 September 2020
Intertrust acquires Sameer Mittal & Associates
Sameer Mittal & Associates provides administrative services to private equity and fund clients
3 September 2020
Culture shock: Recruitment and D&I
We asked representatives from PE houses across Europe how recruitment and D&I has impacted culture
2 September 2020
IQ-EQ buys Conseil Expertise & Synthese
The independent firm offers accounting, tax, payroll and corporate secretarial services to fund managers, entrepreneurs, corporates and HNWIs
1 September 2020
Backstop upgrades RMS
The enhanced multi-asset class research management system allows institutional investors to track research and DD across all asset classes
1 September 2020
Avega launches AIFM business
ACM aims to “shake up the fund industry and bring a new approach to alternative investments”
27 August 2020
PRI partners with WBC SD to drive sustainability
The partnership aims to put sustainability at the centre of financial and strategic decision-making
26 August 2020
Harmonate partners with 4Pines Fund Services
The partnership enables the firms to deliver data operations services to PE funds
25 August 2020
Domicile watch: August 2020
Key takeaways from the major PE domiciles: including Jersey's new continuance fees for limited partnerships, Guernsey's limited partnership migrations and Luxembourg's fraudulent websites
24 August 2020
HC Global Fund Services adopts Astrella
Companies on Astrella platform will have cap table management plus valuation offering with bespoke fund admin services
24 August 2020
UK GPs spend $8.6m on legals annually
A new report has revealed how much private equity firms are spending on external legal counsel
20 August 2020
Bluegem secures sub line from OakNorth
The deal marks OakNorth’s first transaction in the fund finance space
19 August 2020
ESMA reveals proposed amendments to AIFMD
The regulator’s letter follows its evaluation of the impacts of AIFMD to date, based on a review carried out by KPMG in 2017
17 August 2020
City fund managers back #100black interns initiative
The programme addresses the lack of black employees in senior front office roles
13 August 2020
Apex launches ESG portal
The cloud-based platform collects relevant data for investors about their portfolio investments so they can deliver real time ESG analysis
12 August 2020
Demand for fund administrators strengthens
Nearly as many new fund administration relationships have been formed in 2020 as in all of 2019
10 August 2020
Duff & Phelps launches Ireland Super ManCo
The Super ManCo will provide fully-fledged and flexible management company solutions for all investment strategies
3 August 2020
PE climate change network launches in UK
New members include Coller Capital, Hg, ICG, North Edge, Palatine, Permira, Towerbrook and Triton
31 July 2020
JFSC to develop shared KYC tool
The shared tool enables users to verify customers’ identities
31 July 2020
Guernsey introduces fund migration regs
The Limited Partnerships (Migration) Regulations 2020 allows limited partnerships to relocate to Guernsey quickly and easily
30 July 2020
RFA launches managed data services
Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform
30 July 2020
Mercatus releases PDF data extraction tool
PDF Parser is an AI and ML solution for uploading PDFs to improve data quality
30 July 2020
ILPA unveils deal-by-deal model LPA
This latest model comes off the back of strong demands for a template to use for a DBD structured agreement
30 July 2020
IQ-EQ’s Peru & Partners makes two senior hires
Peru & Partners was acquired by IQ-EQ in 2019, and is dedicated to servicing the French PE industry
29 July 2020
Temenos launches AI tool for fund admins
The firm claims it is the first to launch a software of this kind
27 July 2020
Mercatus releases new data interface
The interface allows investors to configure, clone and share integration formulas related to performance, operating, incidents and ESG reports, as well as contracts and other agreements
27 July 2020
Anduin Transactions partners with Aduro Advisors
The partnership integrates Anduin’s digital fund subscription platform into Aduro’s FundPanel
23 July 2020
JP Morgan AM partners with Hazeltree
Clients can use Hazeltree’s tech to manage multi-bank relationships across all fund structures while accessing JP Morgan’s liquidity
22 July 2020
Maples Group partners with IHS Markit
The partnership allows data on credit activity to automatically integrate into Maples’ accounting system
21 July 2020
Investindustrial secures ESG-linked sub line
Investindustrial’s Fund VII has secured a €600m ESG-linked subscription credit facility
21 July 2020
MUFG selects Broadridge’s loan tracking tech
Partnership comes off the back of strong growth in the private debt, credit and direct lending market
20 July 2020
Domicile watch: July 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
20 July 2020
Jersey expects increased fund migration following new LP rules
The amendment makes it easier for managers to migrate structures from elsewhere in a quick, cost-effective manner.
17 July 2020
DAC 6 tax reporting regime sparks debate
The legislation requires certain cross-border arrangements to be reported to tax authorities by taxpayers and/or their advisers
17 July 2020
Carried interest at risk of tax hike
The UK government has launched an investigation into the capital gains tax system
16 July 2020
Online investment platform Titanbay launches
It provides medium-sized institutional and professional private investors to access private equity and alternatives funds
15 July 2020
ACA Compliance secures $40m investment
Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018
15 July 2020
Standish adopts Astrella
Standish Management will use Astrella's data to support LP reporting and communications, capital calls and distributions as well as partnership accounting
14 July 2020
DMS Group acquires Oligo
The acquisition enhances DMS’ European product offering to provide Swiss fund services and bespoke solutions to clients
13 July 2020
Hong Kong passes Limited Partnership fund regime
The new bill "makes impressive strides" in attracting investment funds, including private equity and venture capital
13 July 2020
Lobbardi launches Avardi Partners
Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners
10 July 2020
ILPA updates model LPA
According to ILPA, updates have been made to improve transparency, governance and alignment of interests
9 July 2020
Cobalt partners with Lionpoint
The partnership will assist PE firms wanting to integrate tech into their investment processes
8 July 2020
Jersey seeks feedback on LP continuance fees
The proposed fees will only affect foreign limited partnerships wanting to migrate to Jersey
6 July 2020
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
6 July 2020
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
6 July 2020
Equiom buys Borean
The acquisition is part of Equiom’s wider strategy to increase its services for asset managers in tier 1 jurisdictions
3 July 2020
Jersey increases fund fees
The new rates form part of the regulator’s 2020 business plan
30 June 2020
eVestment partners with Assette for data integration project
The partnership aims to improve asset managers' data integration into client and sales communications
25 June 2020
Apperio expands into US
The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms