News
28 July 2021
Sanne buys PraxisIFM’s fund admin
PraxisIFM has sold the business to focus on developing its core divisions of private wealth and corporate services and pension administration
27 July 2021
ICG secures €1.45bn ESG-linked sub-line
Facility was provided by Standard Chartered Bank, BNP Paribas, ANZ Banking Group, ING Bank, and Royal Bank of Canada
26 July 2021
MJ Hudson buys Guernsey-based Saffery Champness
Deal values Saffery Champness Fund Services (SCFS) at £2.8m
26 July 2021
Domicile watch: July 2021
Key takeaways from the major PE domiciles: including Denmark's ranking as most business-friendly domicile, increased fund fees for Jersey and Guernsey's proposal for increasing fees
26 July 2021
The Drawdown Awards: GP finalists announced
We are pleased to present the GP finalists for The Drawdown Awards 2021
23 July 2021
Majority of PE and VC employees received 2020 pay rise
74% of PE and VC employees received a pay rise last year
22 July 2021
IQ-EQ buys Ireland’s DGFM
Acquisition follows launch of a dedicated funds service segment in Ireland in March
21 July 2021
State Street acquires Mercatus
Acquisition connected to launch of front-to-back, full-suite investment management platform
21 July 2021
Core values biggest influence on ESG attitudes
52% of GPs believe their firm’s core values have the greatest influence on their attitude and activity with regards to ESG and sustainability
20 July 2021
Hazeltree partners with Lionpoint
The partnership enables Lionpoint’s treasury management practice to focus on private capital markets
19 July 2021
ESG deal DD key dataset for LPs
60% of LPs believe the most important dataset to determine a GP's ESG focus, is the way in which ESG is embedded into the investment process
16 July 2021
Carlyle and Mubadala invest in Apex
Fresh capital comes just one month since TA Associates acquired a significant minority in the fund administrator
16 July 2021
PartnersAdmin joins forces with Canoe
Through the partnership, Canoe’s technology will be implemented into PartnersAdmin’s platform to automate and scale alternative investment processes
15 July 2021
Apollo partners with Figure Technologies
The partnership enables Apollo to apply Figure’s Provenance blockchain technology across the investment lifecycle
14 July 2021
Holland Mountain launches ATLAS connector
The connector allows data from multiple sources to be combined to unlock better quality reporting and dashboards in eFront’s platform
14 July 2021
MYCDD partners with IDnow
The partnership enables MYCDD to provide its clients with KYC services
13 July 2021
FCA, PRA & BoE outline D&I initiatives
“Regulators and industry need to work together to increase diversity at senior levels and ensure the UK’s financial services firms are best equipped to serve the economy”
13 July 2021
EU delays SFDR application date
SFDR application has moved from 1 January 2022 to 1 July 2022 to ensure a smooth implementation of the standards
12 July 2021
Apex buys Germany’s mola-administration
Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds
12 July 2021
17Capital closes fifth fund on $2.9bn
The GP has raised $4.5bn in total for preferred equity portfolio financing
8 July 2021
The Drawdown Awards 2021: Finalists Announced
Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist
7 July 2021
PE career satisfaction remains strong
Majority of GPs are either more or equally satisfied in their jobs as they were 12 months ago
7 July 2021
Aliante secures €160m preferred equity
“The Aliante Equity 3 preferred equity transaction is a unique and complex GP-led secondary that reflects the growing adoption of preferred equity for liquidity and add-ons”
7 July 2021
Diligend and eVestment announce partnership
The agreement allows clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform
6 July 2021
Lack of standardisation biggest threat to ESG
“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”
5 July 2021
Northern Trust launches ML document capture
The machine learning document capture tool marks the launch of a series of releases aimed at digitising alternative asset servicing
1 July 2021
Suntera granted Jersey licence
The licence enables the firm to support PE, VC, RE and other alternative fund managers with a full range of admin services from Jersey
30 June 2021
Bridgepoint plans IPO
The private equity firm is hoping to raise around £300m to support growth plans, while providing greater strategic flexibility
29 June 2021
Domicile watch: June 2021
Key takeaways from the major PE domiciles: including Guernsey's updated code of corporate governance, Luxembourg's FAQ on MiFID application and Cyprus' new form related to cross-border activities
28 June 2021
Ocorian buys Nordic Trustee
The firm focuses on the Nordic bond market, facilitating issuers access to capital, as well as monitoring and securing bondholders' rights
28 June 2021
MJ Hudson acquires Clarus Risk
The fintech risk management and reporting automation specialist services alternative asset fund managers and investors
25 June 2021
FCA proposes climate-related disclosures
The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms
24 June 2021
Squire Patton Boggs launches London funds practice
Steven Ward has been hired as investment funds partner to spearhead the development of the new division
24 June 2021
Allvue partners with Losange
Losange provides fund administration services, portfolio insights and start-up services to PE and VC funds
23 June 2021
North America ahead of Europe on D&I
75% of North American GPs said they are more likely have taken action to support equity and advancement of women and employees from underrepresented groups
22 June 2021
Apex acquires Senasen Group
The SaaS platform delivers a self-service offering to enable GPs to publish multimedia content and research, interact with LPs and build their profile
22 June 2021
ODD: social media increasingly important
29% of PE LPs now use social media as part of their ODD on potential investee funds
22 June 2021
The ID Register partners with KPMG
The alliance provides clients with "a smoother, more cost-effective onboarding fit for purpose in the 21st century"
22 June 2021
Alter Domus buys IEA
The firm delivers tech solutions for complex issues such as LP waterfalls, GP carried interest allocations and forecasting to alternative investment managers
21 June 2021
ThinCats backs Wheelhouse
The fresh capital will be used to address the firm’s growth strategy, extend its client proposition and the firm’s digital transformation
18 June 2021
PE needs to spend more on data management
State Street's report found 70% of alternative asset managers said they need to spend more money on data management to handle increased pressures and demands
18 June 2021
Northern Trust extends capabilities in Switzerland
The firm received regulatory approval to provide custodian, depositary, transfer agency and ancillary services in Switzerland
18 June 2021
Alter Domus launches Irish AIFM
Alter Domus has acquired Beechbrook Capital’s Irish AIFM and received authorisation from the Central Bank of Ireland for specialised depositary services
17 June 2021
KPMG joins campaign for reporting taxonomy
KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)
16 June 2021
Freyda secures backing from Google
Freyda uses AI and NLP to extract and normalise data from complex documents for pension funds, endowments, asset managers
15 June 2021
CFOs prioritise cost reductions
Aztec's latest report found 23% of PE CFO/COOs said their main focus this year is to reduce operating costs
15 June 2021
17Capital finances Investcorp assets
The $200m portfolio financing provides 17Capital with exposure to a diverse set of assets
15 June 2021
Investec’s Mansy joins Macquarie
Investec is winding down its operations in Australia to focus on the UK and South Africa
14 June 2021
Cinven ups bid for Sanne to £1.42bn
Cinven increased its offer by 13% on Sanne’s last closing price before the latest announcement
14 June 2021
LPs increasingly concerned by tax and regulatory changes
43% of LPs identified regulatory changes as the greatest risk to PE returns
10 June 2021
LemonEdge receives $2.5m
“LemonEdge brings a complete no- and low-code solution to the challenges of general ledger accounting for the private capital market”
9 June 2021
Broadridge PE blockchain solution partners with AWS
The platform allows independent auditor access and adds connectivity to existing industry tools and tech to further automate workflows between the front-, middle- and back office functions
9 June 2021
Drawbridge launches cyber risk module for PE
The module provides PE funds with a single view to monitor the cyber risk profiles of their portfolio companies in real-time
9 June 2021
Arcesium launches performance allocations product
PerformA is tailored for private equity, fund administrators and hedge funds
8 June 2021
Private equity must address climate change risk
“Climate change presents unprecedented business opportunities for the industry in addition to risks”
4 June 2021
CSC buys PEF Services
The acquisition has accelerated CSC’s fund services growth plans in the US, as well as added expertise and a robust tech platform to CSC’s suite of solutions
3 June 2021
Allvue partners with Lionpoint
This partnership enables Allvue’s clients to tap into Lionpoint’s strategic advisory, operating model optimisation, tech road mapping and solution selection as well as systems integration services
3 June 2021
Apex buys BRL Trust Investimentos
Founded in 2005, BRL Trust provides fiduciary services, administration, management, custody (and representation for foreign investors), controlling and registrar of investment funds to clients