News
3 December 2020
Finch Capital backs ScalingFunds
The fresh capital will be used to build out the institutional business development team
1 December 2020
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'
30 November 2020
Vauban raises £1.6m seed funding
Backers include Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech.
30 November 2020
Throgmorton launches CFO & COO Solutions
Throgmorton has launched an outsourced service for the CFO and COO function.
26 November 2020
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
25 November 2020
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
20 November 2020
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
20 November 2020
EQT secures second ESG-linked sub line
The bridge facility currently sits at €2.7bn and has an upper limit of €5bn
19 November 2020
Alter Domus opens Cayman office
The firm has appointed David Boyd as Cayman country executive
18 November 2020
Apex secures preferred equity from Carlyle
Apex plans to use the capital to support its growth and acquisition activities
18 November 2020
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
18 November 2020
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
18 November 2020
4Pines selects Allvue
Allvue’s cloud-based platform enables 4Pines clients to streamline and manage their fund accounting
17 November 2020
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
17 November 2020
SMBC invests $30m in OakNorth
In addition to the investment, OakNorth has partnered with SMBC to launch its credit intelligence software
17 November 2020
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
16 November 2020
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"
13 November 2020
UNPRI updates investor reporting framework
The new framework aims to create a shorter, more consistent structure, with more flexible and meaningful reporting outputs
13 November 2020
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
11 November 2020
ACA Aponix launches PortCo cybersecurity platform
PortCo Defend helps PE houses to assess and centrally monitor security threats to their portfolio companies
11 November 2020
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
9 November 2020
Eze Castle buys NorthOut
NorthOut specialises in digital experience design, application modernisation, DevOps and system integration
6 November 2020
Hg, General Atlantic back Gen II
General Atlantic and Hg have invested in Gen II Fund Services, alongside minority investor IHS Markit.
6 November 2020
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
5 November 2020
Coretelligent acquires STG
STG is a managed service provider to 70 PE and VC firms, hedge funds, RIA firms and family offices
3 November 2020
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
3 November 2020
U.S. Bank launches alts fund services in Luxembourg
The office will provide fund administration, depositary and banking services to funds in Luxembourg
30 October 2020
Gibraltar updates funds legislation
The new Limited Partnership Bill and the Protected Cell Limited Partnerships Bill aims to modernise existing fund legislation
29 October 2020
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
28 October 2020
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
26 October 2020
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
26 October 2020
Intertrust launches Ironstone Directors
The boutique service provider offers independent directorship services and governance solutions to fund managers
22 October 2020
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
21 October 2020
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
20 October 2020
Cobalt forms another partnership
The partnership is the third for Cobalt in recent months, as the company has been ramping up its commercial activities
19 October 2020
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
15 October 2020
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
14 October 2020
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
14 October 2020
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
13 October 2020
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
12 October 2020
Ethical investor network Virtuvest launches
It aims to further the importance and understanding of sustainable investment management via events, weekly newsletters and rounDtables
7 October 2020
Cayman Islands removed from EU blacklist
The domicile adopted necessary reforms to its tax policy framework on collective investment funds in September
6 October 2020
CEPRES partners with Bain & Company
The partnership launches a digital product offering PE investment teams market intelligence to make better-informed investment decisions
2 October 2020
TMF Group acquires Selectra
Selectra is a regulated independent ManCo based in Luxembourg
2 October 2020
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
30 September 2020
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
29 September 2020
Citco launches data integration and reporting platform
The cloud-based platform enables users to run data extracts from various sources within Citco
28 September 2020
Ocorian acquires Newgate Compliance
The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.
28 September 2020
LemonTree creates advisory board
Mahmoud Warriah is advisor for accounting and Toby Norfolk-Thompson is advisor for banking and tax
28 September 2020
The ID Register spins out of Apex
Initially backed by Ipes, the Guernsey-based business is a clearinghouse for KYC and investor onboarding
24 September 2020
Ireland approves limited partnership reform
This amended legislation aims to modernise the Act by aligning it with more recent domestic and EU laws.
22 September 2020
Apex expands to Middle East
The firm has acquired UAE-based compliance and risk advisory firm Praesidium Advisory
22 September 2020
Rochford launches in the UK
Treasury management provider Rochford Capital expands from Australian roots to the UK
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