News
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
25 June 2020
AcordIQ launches waterfall validation service
The platform aims to help GPs by providing them with independent verification on waterfall calculations
25 June 2020
eVestment launches report building module
The Excel Report Builder enables GPs to recreate their clients’ report templates in the app by selecting the required data points and configurations
24 June 2020
Cobalt partners with A&M Valuation Services
The partnership responds to ever-growing internal and external demands around portfolio data and reports
19 June 2020
iCapital Network acquires Wells Fargo’s alts platform
As part of the transaction, Wells Fargo is investing in iCapital, under the terms of the Network’s latest funding round in March
17 June 2020
European Commission evaluates impact of AIFMD
The survey assessed whether specific rules are considered effective, efficient, coherent and relevant by stakeholders
16 June 2020
ASI and Cambridge Uni partner for portfolio risk assessment platform
Incorporating Cambridge’s system into ASI's PRISM enables the platform to quantify the effects of various potential and emerging real life risks on a portfolio
15 June 2020
Guernsey launches fast-track licencing for overseas funds
The regime aims to enable simultaneous consideration of a migration into the Bailiwick of Guernsey and licencing of the manager within a 10-day period
15 June 2020
CFOs must cope with lack of recognition
Despite the broadening and increasing complexity of their roles, private equity CFOs lack adequate recognition, according to Investec's latest report
15 June 2020
Domicile watch: June 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
15 June 2020
LPs to sharpen focus on valuations
Coller Capital's Global Private Equity Barometer Summer 2020, found almost half (48%) of LPs require or will require their GPs to perform independent valuations
11 June 2020
ILPA wants more transparency on sub lines
The latest guidance advises PE firms to be more transparent around the use of fund finance facilities and the impacts they have on performance
11 June 2020
EQT secures largest ESG-linked sub line
EQT's Therése Lennehag: "With this ESG-linked financing facility, we actively contribute to increasing the availability of high-quality ESG data, critical for the financial markets to be able to build a resilient and regenerative economy"
11 June 2020
ESMA outlines plans for fund fees and expenses
The guidance responds to calls for improving convergence across national regulators in their approach to fund costs
10 June 2020
Cortland rebrands as Alter Domus
The enlarged group now counts $750bn of assets under administration, as well as 2,400 employees across 44 global offices
9 June 2020
GPs see digitisation as a growth enabler
The Intertrust PE Report Summer 2020 survey, found technology and digital functionalities are key in helping firms to achieve greater transparency
9 June 2020
Public hearing for ESG disclosure proposals
The public hearing will explain and discuss the content of the consultation paper on ESG disclosure standards for financial services, which was published on 23 April
8 June 2020
LPs call for detailed impact analyses
A recent survey from Cebile Capital has found that LPs are in need of detailed impact assessments of Covid-19 on portfolio companies
8 June 2020
Apex expands Throgmorton in Switzerland
The new office provides accounting and tax compliance services, company secretarial and governance as well as payroll services to businesses operating locally
5 June 2020
ESMA updates MiFID II compliance guidelines
The final draft replaces the 2012 guidelines and provides more clarity on implementation and supervision of new MiFID II compliance function requirements
4 June 2020
PE won’t make full office return until 2021
PER found 23% of respondents expect to make a complete return to the office between July and August while 37% are planning a full return between September and December
1 June 2020
Debevoise opens Luxembourg office
It will assist PE clients with establishing funds and related regulatory matters
1 June 2020
Keytrack launches VC portfolio management tool
The software aims to siimplify portfolio management for VC firms
1 June 2020
Guernsey launches guidance on green PE principles
The aim is to bring climate risks and resilience into the heart of private equity decision making
29 May 2020
Majority of fund managers expect significant Q1 NAV decrease
35.6% of respondents anticipate NAV reductions between 6% and 10%, while 17.8% expect a decrease of between 16% and 20%
27 May 2020
Tax consultancy Wheelhouse launches
The London-based firm provides management, regulatory reporting, accounting, tax, HR consultancy and outsourcing solutions
21 May 2020
MJ Hudson’s WFH survey predicts permanent change
The preliminary findings reveal the ways in which new working conditions are impacting the industry, as well as an about-turn on remote working mind sets.
21 May 2020
Rising LPA amendments
With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments
18 May 2020
WGAM invests in Validus
WGAM believes Validus is well-positioned to respond to growing needs of managing operational risks
18 May 2020
Colmore establishes ML and data team
Kamil Leoniuk and Lukasz Szczesiak to lead Colmore's new business unit focused on machine learning and data automation
15 May 2020
JTC opens Dublin office
Ronan Reilly and Imran Khan have been hired as MD and director, respectively, to lead the office
14 May 2020
iCapital Network buys Artivest
Artivest is a technology platform which provides HNWs access to private equity and hedge funds
12 May 2020
SimCorp enters South Africa
Local firms are seeking to scale and automate investment operations and move away from outdated, legacy systems
11 May 2020
Domicile watch
A round-up of key takeaways from major PE fund domiciles, including a Jersey Finance survey, ESG and climate change initiatives as well as regulatory updates
7 May 2020
SS&C partners with FLX Distribution
The partnership enables asset managers to access fund services and distribution opportunities in one place
6 May 2020
Sanne acquires Inbhear
The deal is part of Sanne's move to strengthen its expertise in Dublin
5 May 2020
Addepar launches digital Marketplace
The platform connects HNW clients with private capital market funds
4 May 2020
Carry takes a hit
PER's latest report found that 74% of respondents predict carried interest and LTIP values will drop during the next three months
4 May 2020
Investindustrial awarded B-Corp status
B-Corps meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose
4 May 2020
PRI, “A shield against COVID-19: embedding human rights in investment”
The PRI's Bettina Reinboth and Nikolaj Halkjaer Pedersen believe private capital has crucial role to play in safeguarding human rights
1 May 2020
Palatine-backed SMP buys RBC’s corporate services HK
As part of the deal, RBC’s clients and employees of this division will transfer to SMP
1 May 2020
CSC expands fund services into Ireland
The firm was granted a licence to provide its offering there by the Central Bank of Ireland
30 April 2020
More fund finance, secondaries, comms and PR
MJ Hudson's top predictions of trends expected to emerge following the crisis, including new forms of fund finance, recovering secondaries dealflow and better comms
29 April 2020
Apex partners with Triple Point
Apex will use Triple Point's blockchain platform to connect its clients with buyers and sellers on the secondary market
28 April 2020
Proposed ESG disclosures open for consultation
This is the next step in increasing clarity around ESG reporting, and gives some idea of what might be expected of firms going forward
24 April 2020
Q1 2020 NAVs are expected to decrease 9.5%
The survey conducted by Setter Capital also found Q2 2020 NAVs are expected to decrease 12.6%
24 April 2020
Apex expands Throgmorton into Jersey
This is the second of a number of geographic expansions planned for the brand.
23 April 2020
ESMA, FCA extend annual reporting deadlines
The guidance is for private fund managers following the Alternative Investment Fund Managers Directive
21 April 2020
Ocorian acquires Allegro
The deal furthers Ocorian’s fund admin offering across all investment structures and specialisms including green energy, listed and private funds
15 April 2020
Stop using Zoom, now
Following recent reports of Zoom's poor security, experts advise ditching the platform
15 April 2020
PwC publishes special guidance update on valuations
The accountancy firm considers the guide an additional support to the statement released last month by IPEV on estimating Fair Value during the crisis
15 April 2020
Nothing to see here: LP defaults are fake news
Following reports of LP defaults, the Fund Finance Association (FFA) has released a statement on current market activity, as well as best practices.