News
28 October 2021
InCloudCounsel secures $200m Series B
The contract automation company has also rebranded to Ontra
27 October 2021
Blockchain and big data most important future tech tools
Intertrust Group’s latest report found 46% of respondents cited blockchain/DLT as the most important tech tool for private capital funds over the next five years
27 October 2021
MJ Hudson releases ESG Advantage
ESG Advantage guides users on a step-by-step basis through the assessment process by tracking important data and automating analysis and reporting
25 October 2021
Domicile watch: October 2021
Key takeaways from the major PE domiciles: including the FCA's position on LTAF, Jersey's amended law which makes risk-based supervision a legal requirement and Guernsey's revised regulatory laws
25 October 2021
FCA moves ahead with LTAF
The rules aim to provide sufficient investor protection and enable DC pension schemes to invest in the LTAF
20 October 2021
JTC buys perfORM
perfORM was set up as an ODD business for LPs to use across PE, private credit, RE, infras, hedge, crypto and digital assets
19 October 2021
MSCI and Burgiss launch Carbon Footprinting tool
Tool combines private company data from Burgiss with modelling developed by MSCI ESG Research for estimating corporate carbon emissions
19 October 2021
CAIS partners with Digital Asset
Partnership will explore use of blockchain, distributed ledgers and smart contracts between wealth management and alternative investments
19 October 2021
LPs increasingly aware of data gaps in ESG reporting
The quality of ESG reporting is improving in private equity, but not enough areas are being covered
18 October 2021
GP transparency and tech: room for improvement
According to SS&C Intralinks' survey, 69% of LPs were ‘moderately satisfied’ with the technology capabilities of the GPs they currently invest with
15 October 2021
EQT formalises SBTs to address climate change
EQT has become the first private markets firm to do so, through the SBTi
13 October 2021
INDOS secures Irish depositary licence
The firm received the licence from the Central Bank of Ireland
13 October 2021
LPs paying more for administrative costs
25% of LPs are being charged separately for expenses such as in-house legal, accounting and computer software
12 October 2021
Broadridge launches AI-powered AML solution
Machine-learning-based solution is for financial services firms that want to enhance their AML surveillance to detect illicit money flows and bad actors
7 October 2021
Former Investec execs launch fund finance provider NLC
Neno Raic and Slade Spalding, who worked together at Investec Bank’s Funds Solution Group aim to revolutionise capital call financing
7 October 2021
A&M launches origination tech
“Rapid deal identification and deal idea generation are common, time consuming challenges across the private equity landscape.”
6 October 2021
UK male managing partners earn €200k more than female counterparts
UK male managing partners earn €774.30k on average, while UK female managing partners earn €545.83k
5 October 2021
Two-thirds of ethnic minority financial services employees experience discrimination
“There is more work for all of us, and the problems and challenges that remain will only be solved if we address them collectively. This must have everyone’s attention.” -- Joerg Ambrosius
4 October 2021
P10 acquires Hark and Bonaccord
P10 is made up of RCP Advisors, TrueBridge Capital Partners, Five Points Capital, and Enhanced Capital
30 September 2021
Only 50% of GPs measuring carbon footprint
According to Apex research, 81% of GPs agreed they and their portfolio companies should take more responsibility for their carbon footprint
29 September 2021
Alpha FX launches alternative banking platform
Solution allows GPs to open overseas bank accounts in less than a week
27 September 2021
RFA launches Application Lifecycle Management
The tool provides an additional step that performs a static code of analysis against security vulnerabilities during the build process
27 September 2021
Ambienta bolsters operations team
Michela D'Isita joins as head of human resources, Virginia Fortunato as head of administration, Fabia Bernacchi as head of marketing and communications, Daniela Popa as ESG manager and Alessio Vian and Fabrizio Sebastiani as finance associates.
24 September 2021
The Drawdown Awards 2021: Winners announced
Congratulations to the winners of our recent 2021 Drawdown Awards
23 September 2021
CSC secures Luxembourg licences
In addition, CSC hired Pierre Mifsud as MD for depositary services, and Yves Cheret as MD for fund admin
23 September 2021
Net zero financial service providers alliance launches
The alliance was launched to accelerate the transition to a net zero financial system
21 September 2021
JTC buys Ballybunion
The Dublin-based firm provides management and regulatory oversight services to investment funds
21 September 2021
AnaCap spins out its tech platform
“Equipped AI allows individuals and companies to analyse vast lakes of data in real-time, helping to map and execute investment strategies across multiple geographies.” -- Mike Edwards
20 September 2021
JTC buys Segue
Segue provides fund solutions to private equity, venture capital, debt funds and family offices
17 September 2021
Apex partners with VCP Advisors
VCP provides advisory, capital raising and restructuring services
16 September 2021
Less than half of LPs accept standard DDQs
DiligenceVault found 58.8% of LPs send custom DDQs to their managers
15 September 2021
ACA buys Catelas
The ML-based electronic communications (eComms) surveillance and investigations platform will integrate with ACA's regtech platform ComplianceAlpha
15 September 2021
Northern Trust launches AI data extraction solution
The solution reads stored documents and fund manager reports on holdings and performance of PE, hedge funds and other alternatives, and pulls out specific data points
15 September 2021
Synechron partners with Accelex
Partnership aims to accelerate unstructured data extraction and management
14 September 2021
Inveniam secures $25m series-A
"The use of blockchain to transmit trust in data will drive automation in valuation and price discovery in the private markets"
14 September 2021
Drawbridge hires three
Adam Menkes is global head of ops, Jacob Cane is head of strategy, while Art Murphy is director of BD
13 September 2021
Standish expands to UK
Following authorisation from the FCA, the London office provides UK administration and depositary services
8 September 2021
CDP aims to standardise environmental data
It aims to increase disclosure from private companies, which have previously avoided scrutiny on environmental issues and pressure to decarbonise
8 September 2021
SS&C launches ESG reporting solution
"We see the growing manager and investor demand to incorporate ESG metrics into client reporting at the manager and portfolio level."
8 September 2021
Suntera acquires NeoTrust
NeoTrust provides bespoke fund and corporate services to PE and RE, institutional clients, large and mid-sized firms as well as HNWIs
7 September 2021
Mainstream adopts Harmonate
The partnership enables Mainstream to automate private capital data operations
7 September 2021
Waystone partners with The ID Register
The partnership provides Cayman funds with an AML/KYC and onboarding solution
7 September 2021
Carlyle secures €2.3bn ESG-linked facility
Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training
3 September 2021
Citco opens Hyderabad office
The new office provides fund servicing, banking as well as technology support functions
2 September 2021
GP commitments increase
According to MJ Hudson, more fund managers contributed a 3% GP commitment compared to those who committed 2% or less last year
31 August 2021
Aumni secures $50m series B
Through a combination of AI and human expertise, Alumni’s platform extracts and analyses critical deal data buried in dense legal agreements
25 August 2021
Suntera acquires Reference
Reference provides central and corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation services
25 August 2021
Domicile watch: August 2021
Key takeaways from the major PE domiciles: including the FCA's third consultation paper on UK IFPR, Guernsey's appointment of a strategic adviser for green and sustainable finance and Hong Kong's SFC amended fund manager code of conduct
24 August 2021
Accelex expands automation capabilities
The new feature enables firms to streamline investor operations to process thousands of private markets fund performance reports each quarter
23 August 2021
Ogier launches ESG compliance tool
The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management
19 August 2021
ILPA seeks feedback on DDQ and DEI metrics
These latest updates aim to reflect the changes in the industry over the past several years, specifically around ESG and DEI
18 August 2021
Allvue partners with Snowflake
The new data lake solution enables clients to warehouse and manage all of their data on one system
17 August 2021
Holland Mountain expands to US
“It was a logical next step to establish a permanent base of operations in the US to service our growing client base”
11 August 2021
Crestbridge granted Irish licence
The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland
11 August 2021
Preqin acquires Colmore
The acquisition enables both firms to serve their clients across the entire private market investment lifecycle, from fundraising to due diligence and portfolio monitoring
10 August 2021
Wheelhouse partners with RFA
The partnership aims to help investment firms with specific reporting and compliance requirements
10 August 2021
Apex buys ASR
ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland