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Finch Capital backs ScalingFunds

The fresh capital will be used to build out the institutional business development team

Lamping launches Reframe

The new advisor aims to help managers 'set a clear strategic direction and grow their business, from whatever position they’re currently in'

Vauban raises £1.6m seed funding

Backers include Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech.

Throgmorton launches CFO & COO Solutions

Throgmorton has launched an outsourced service for the CFO and COO function.

Domicile watch: November 2020

Key takeaways from the major PE domiciles: including Jersey's new digital launches, VinaCapital's migration to Guernsey and Cayman's regs launches

Three Hills’ Moretti launches Atypical Partner

The platform aims to support and connect financial entrepreneurs with investors, while providing infrastructure for their strategies and allowing them to retain control of their brand

LemonTree partners with SteelBridge

The partnership aims to private capital funds with an alternative to 'off the shelf' vendors for applications, data warehouses and waterfalls

EQT secures second ESG-linked sub line

The bridge facility currently sits at €2.7bn and has an upper limit of €5bn

Alter Domus opens Cayman office

The firm has appointed David Boyd as Cayman country executive

Apex secures preferred equity from Carlyle

Apex plans to use the capital to support its growth and acquisition activities

City Hive launches D&I kitemark

It enables investment managers to address, assess and catalyse an improvement in the culture within their own organisation, as well as the wider industry, and their portfolios

Apex partners with RepRisk

The partnership enables Apex’s clients to access RepRisk analytics reports and case data on private companies via Apex’s ESG rating and advisory portal

4Pines selects Allvue

Allvue’s cloud-based platform enables 4Pines clients to streamline and manage their fund accounting

PE ESG reports “too superficial”

Brackendale’s latest survey found LPs are dissatisfied with PE ESG reports because they lack detail, are too vague and provide superficial statements on intent

SMBC invests $30m in OakNorth

In addition to the investment, OakNorth has partnered with SMBC to launch its credit intelligence software

1fs Wealth partners with PERACS

The partnership enables 1fs Wealth's clients to access to PERACS rich suite of analytics data via its digital platform FirstWealth

CGT looks set to increase

The OTS report recommends the government should consider "taxing more of the share-based rewards arising from employment... at income rates"

UNPRI updates investor reporting framework

The new framework aims to create a shorter, more consistent structure, with more flexible and meaningful reporting outputs

PE’s response to systematic risks: room for improvement

Analysis of 100 PE firms found lacklustre responses to the triple crises of Covid, climate change and racial injustice

ACA Aponix launches PortCo cybersecurity platform

PortCo Defend helps PE houses to assess and centrally monitor security threats to their portfolio companies

Industry to continue working remotely

FIS's latest report found 52% of employees will not be required to return to the office as soon as it's safe in the countries they work in

Maestro raises $7.2m

Maestro will use the capital to further scale the business

Eze Castle buys NorthOut

NorthOut specialises in digital experience design, application modernisation, DevOps and system integration

Hg, General Atlantic back Gen II

General Atlantic and Hg have invested in Gen II Fund Services, alongside minority investor IHS Markit.

European Commission issues AIFMD consultation

It seeks views on how to achieve a more efficiently functioning EU AIF market, as part of a stable financial services system

Coretelligent acquires STG

STG is a managed service provider to 70 PE and VC firms, hedge funds, RIA firms and family offices

LPs only report half of costs

Only half of total investment management costs are included in LP financial statements, according to analysis by CEM Benchmarking

U.S. Bank launches alts fund services in Luxembourg

The office will provide fund administration, depositary and banking services to funds in Luxembourg

Gibraltar updates funds legislation

The new Limited Partnership Bill and the Protected Cell Limited Partnerships Bill aims to modernise existing fund legislation

Majority of LPs unhappy with tech capabilities

Backstop Solutions Group and Mercer’s latest report found LPs waste around a third of their time on tasks that could be streamlined with better tech

Apex acquires Brazilian administrator

Banco Modal’s MAF claims to be one Brazil's largest alternative fund admins, with nearly BRL70bn of assets under administration and custody

BWAM calls on industry to dismantle racial inequities

BWAM's open letter to investment firms calls on them to commit to action, activism, and accountability to dismantle the racial inequities plaguing society

Intertrust launches Ironstone Directors

The boutique service provider offers independent directorship services and governance solutions to fund managers

Fund managers fall short on governance

A large number of previously authorised fund managers have failed to implement the governance framework set out by the Central Bank of Ireland

Domicile watch: October 2020

Key takeaways from the major PE domiciles: including Jersey's new digital registry, Ireland's approval of the limited partnership reform and Cayman's removal from the EU blacklist

Cobalt forms another partnership

The partnership is the third for Cobalt in recent months, as the company has been ramping up its commercial activities

UN launches SDG impact standards for PE

The standards are voluntary and freely available for use as best practice standards and a self-assessment tool

Apex purchases FundRock

FundRock is an independent UCITS ManCo and AIFM and claims to be the largest third-party manager of UCITS funds in Luxembourg

BEPS 2.0 up for public consultation

The blueprints for the approach reflect convergent views on key policy features, principles and parameters for a future agreement

MJ Hudson buys Bridge Group

The fund admin offers regs compliance, domiciliation and risk services as well as super ManCo services to UCITS and AIFMs

Blackstone to open Miami tech HQ

The Miami office aims to support Blackstone’s tech team’s immediate need for more talent, The Drawdown understands

Ethical investor network Virtuvest launches

It aims to further the importance and understanding of sustainable investment management via events, weekly newsletters and rounDtables

Cayman Islands removed from EU blacklist

The domicile adopted necessary reforms to its tax policy framework on collective investment funds in September

CEPRES partners with Bain & Company

The partnership launches a digital product offering PE investment teams market intelligence to make better-informed investment decisions

TMF Group acquires Selectra

Selectra is a regulated independent ManCo based in Luxembourg

Throgmorton expands into Australia

The firm now offers is its tax compliance, accounting, HR, payroll and company secretarial services in Australia via offices in Sydney and Melbourne

LPs lack tools to manage complex strategies

Many investors don’t have the right tools to efficiently manage increasingly complex strategies according to Milestone Group's latest report

Citco launches data integration and reporting platform

The cloud-based platform enables users to run data extracts from various sources within Citco

Ocorian acquires Newgate Compliance

The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.

LemonTree creates advisory board

Mahmoud Warriah is advisor for accounting and Toby Norfolk-Thompson is advisor for banking and tax

The ID Register spins out of Apex

Initially backed by Ipes, the Guernsey-based business is a clearinghouse for KYC and investor onboarding

Ireland approves limited partnership reform

This amended legislation aims to modernise the Act by aligning it with more recent domestic and EU laws.

Apex expands to Middle East

The firm has acquired UAE-based compliance and risk advisory firm Praesidium Advisory

Rochford launches in the UK

Treasury management provider Rochford Capital expands from Australian roots to the UK

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

EDB receives FCA approval

The authorisation follows last year’s approvals from regulators in Malta and Ireland

Murano launches consultancy division

Murano Consulting offers competitor analysis, investment strategy audits and other bespoke client services

AcordIQ launches carried interest tech module

The 'What-If' scenario analytics module provides systematic predictability and insights through the life cycle of the fund

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

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