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Fund finance to the rescue

CFOs are well aware of the flexibility afforded by fund finance, but in the face of a global pandemic these facilities are proving to be an essential lifeline

IPEV releases statement on fair value

LPs have a critical need at 31 March 2020 for their GPs to report underlying investments at fair value on a timely, consistent and rigorously determined basis.

Apex launches digital banking platform

The solution processes and opens bank accounts without physical documents

iCapital Network raises $146m

Funding round led by Ping An saw BlackRock take a significant minority stake

SS&C acquires Captricity

Captricity is a machine learning solution that translates paper and handwritten documents into a digital format

Luxembourg adapts to temporary substance requirements

The jurisdiction enacted emergency legislation to protect investment funds and companies against the global pandemic

MJ Hudson acquires Meyler

US-based Meyler specialises in marketing services and analytics for alternative assets

The new PE playbook

McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak

Guernsey and Jersey adjust substance requirements

Guernsey and Jersey have collectively adjusted their requirements for economic substance amid the outbreak of Covid-19, to help reduce the spread of the virus

JTC acquires Sanne’s private client business

The £12m deal sees Sanne's team move into JTC's Jersey HQ

Budget 2020 and private equity

While tax treatment for fund executives remains the same, there will be a review of overseas fund structures

Covid-19 and private equity

Everything private equity operational functions need to consider in the face of the global pandemic

Cyprus’ total AUM reaches €6.8bn

The total increased from €5.7bn in 2018 and was dramatically up from €2.9bn in 2017

PE faces tighter remuneration rules

Bank-style regulation continues to extend to private capital markets, says Linklaters

Eurazeo signs gender diversity charter

The charter was created by trade body France Invest earlier this year

Jersey PE and VC funds increase by 19%

These Jersey Finance figures are for the year ended December 2019

TiG acquires MMRIT

Deal marks second acquisition since receiving backing from BGF in July 2018

SimCorp upgrades reporting and management offering

The software provider has announced two new partnerships

Jersey fund AUM swells by 17%

Fund assets serviced on the island grew to $481.2bn in 2019

ILPA launches D&I roadmap

Opensource approach designed to encourage third-party contributions

ESG is key driving force of change

McKinsey & Company’s latest report said LP demand for higher quality information around ESG requires better tech, while social element of ESG highlights need for diverse teams

EU blacklists Cayman Islands

Cayman Islands was listed on the Annex II alongside Palau, Panama and the Seychelles as the latest domiciles to not implement tax reforms they had committed to by the agreed deadline

IQ-EQ buys Blue River

The deal marks IQ-EQ's formal expansion into the US

Alternatives activity boosts SS&C’s revenue growth

The acquisitions of Intralinks, Investrack and Algorithmics contributed $48.1m to Q4 revenues

Tomorrow’s CFO leads

They will be expected to take on a leadership role as it adapts to the numerous regulation and technology changes going forward

Ares extends SS&C contract

Contract extension sees upgrade to SS&C Geneva platform

ICR launches ESG DD services for PE and VC

The analysis aims to help PE and VC firms identify and assess ESG issues during the investment due diligence process

Estera becomes Ocorian

Decision to operate under Ocorian brand follows July 2019 merger

Moonfare reaches €250m AUM

Moonfare’s digital platform allows qualified HNWIs to invest in PE vehicles

Luxembourg saw fund growth in 2019

Luxembourg’s AUM now totals €4.7trn

Majority of GPs believe Gen Z creates new level of ESG investors

Findings come from Vistra's latest survey which interviewed a number of LPs, GPs and intermediaries

State Street partners with iCapital Network

The partnership is a response to high net worth investors and family offices increasingly wanting access and exposure to alternative asset classes

Permira partially exits Duff & Phelps

The deal reunites Duff & Phelps with former backers

PE funds most popular product for Guernsey in 2019

Findings come from Monterey Insight’s 25th Guernsey Fund Report, and account for the year to the end of June 2019

ODD to boost focus on data compliance

Increased use of large data sets to generate alpha is driving increased operational due diligence in how funds manage information

Majority of GPs see tech as biggest change in PE

The survey also identified increased demand for more information and outsourcing becoming standard practice among key trends of the changing market

Eurazeo boosts sub line on ESG criteria

The new €1.5bn facility is indexed against the GP’s ESG performance criteria

Abry Partners backs Options

The investment will support Options' growth via M&A and advancement of its tech offering

FIS acquires majority stake in Virtus

Deal sees tech vendor move into outsourced space

Sun Life picks up 80% of InfraRed

Canadian insurer paid £300m for its stake

Lithuania seeks to attract fund managers

Recent regulatory amendments aim to position the country as an attractive domicile

Romania approves New AIF Law

Updated law better aligns Romania with recent EU developments

EU introduces new ESG regulation

Rules apply from 10 March 2021

MJ Hudson lists on AIM at £97.6m

Listing highlights increased regulatory and transparency demands on alternative assets

Sanne and Colmore tie-up on GP tech

The project is based on Colmore's Helios platform

Sustainable finance taxonomy nears agreement

Unified classification aims to provide absolute measure for sustainable economic activity

Crestbridge granted Luxembourg licence

New licence adds to existing offerings in UK, Jersey, Bahrain and Cayman

Key regulatory developments in 2019

Latest developments come from Proskauer's 2019 Annual Review and Outlook

Industry wants ESG regulation

According to a recent poll, senior leaders within alternative assets think regulators aren’t doing enough on ESG

Silverfleet’s Microgen merges with Touchstone in market-shifting software deal

Deal marks a return to fund administration sector for Silverfleet

EastNets and Refinitiv tie-up for AML efficiencies

Partnership enables watchlist screening and AML detection in real-time

CFA UK launches ESG qualification

The certificate demonstrates greater understanding and improves transparency across the investment sector

Harmonate launches data ops platform for funds

The offering responds to investor demand for more transparency

Luxembourg’s AUM increased 20% year-to-year

Figure comes from ALFI's latest 2018 Luxembourg Private Equity and Venture Capital Investment Funds Survey

CEPRES develops platform offering

Users can process and securely exchange all investment data and content within one digital suite

BNP Paribas Securities Services buys stake in AssetMetrix

The partnership updates the firm's private capital offering with digital solutions

Brizell and McCarthy launch Corvus

New firm aims to fill the space between law firms and compliance consultants

Chatham Financial acquires JCRA Group

The merged firm provides data, tools and advice for financial risk management to more than 3,000 clients

Guernsey home to Permira’s latest fund

Permira has had a long association with Guernsey

Drawbridge expands Connect platform

The firm launched Connect-R™, a continuous vulnerability management service platform