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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

EDB receives FCA approval

The authorisation follows last year’s approvals from regulators in Malta and Ireland

Murano launches consultancy division

Murano Consulting offers competitor analysis, investment strategy audits and other bespoke client services

AcordIQ launches carried interest tech module

The 'What-If' scenario analytics module provides systematic predictability and insights through the life cycle of the fund

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

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

Executive Nexus partners with Teamscope and DealCloud

The trio aim to provide accurate insights on people and teams in a usable format to drive better business decisions

Mainstream expands into APAC

Expansion follows signing of new client, Korea Development Bank Asia

LemonTree launches new alt asset solution

The platform aims to help the complex back and middle office technologies

Sudrania expands in Singapore

The expansion enables the firm to introduce its services to clients looking to use the country’s recently passed VCC fund structure legislation

Exclusive: InCloudCounsel opens in Hong Kong

Founder and CEO Troy Pospisil said expansion was driven by responding to global clients' needs

Intertrust acquires Sameer Mittal & Associates

Sameer Mittal & Associates provides administrative services to private equity and fund clients

Culture shock: Recruitment and D&I

We asked representatives from PE houses across Europe how recruitment and D&I has impacted culture

IQ-EQ buys Conseil Expertise & Synthese

The independent firm offers accounting, tax, payroll and corporate secretarial services to fund managers, entrepreneurs, corporates and HNWIs

Backstop upgrades RMS

The enhanced multi-asset class research management system allows institutional investors to track research and DD across all asset classes

Avega launches AIFM business

ACM aims to “shake up the fund industry and bring a new approach to alternative investments”

PRI partners with WBC SD to drive sustainability

The partnership aims to put sustainability at the centre of financial and strategic decision-making

Harmonate partners with 4Pines Fund Services

The partnership enables the firms to deliver data operations services to PE funds

Domicile watch: August 2020

Key takeaways from the major PE domiciles: including Jersey's new continuance fees for limited partnerships, Guernsey's limited partnership migrations and Luxembourg's fraudulent websites

HC Global Fund Services adopts Astrella

Companies on Astrella platform will have cap table management plus valuation offering with bespoke fund admin services

UK GPs spend $8.6m on legals annually

A new report has revealed how much private equity firms are spending on external legal counsel

Bluegem secures sub line from OakNorth

The deal marks OakNorth’s first transaction in the fund finance space

ESMA reveals proposed amendments to AIFMD

The regulator’s letter follows its evaluation of the impacts of AIFMD to date, based on a review carried out by KPMG in 2017

City fund managers back #100black interns initiative

The programme addresses the lack of black employees in senior front office roles

Apex launches ESG portal

The cloud-based platform collects relevant data for investors about their portfolio investments so they can deliver real time ESG analysis

Demand for fund administrators strengthens

Nearly as many new fund administration relationships have been formed in 2020 as in all of 2019

Duff & Phelps launches Ireland Super ManCo

The Super ManCo will provide fully-fledged and flexible management company solutions for all investment strategies

PE climate change network launches in UK

New members include Coller Capital, Hg, ICG, North Edge, Palatine, Permira, Towerbrook and Triton

JFSC to develop shared KYC tool

The shared tool enables users to verify customers’ identities

Guernsey introduces fund migration regs

The Limited Partnerships (Migration) Regulations 2020 allows limited partnerships to relocate to Guernsey quickly and easily

RFA launches managed data services

Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform

Mercatus releases PDF data extraction tool

PDF Parser is an AI and ML solution for uploading PDFs to improve data quality

ILPA unveils deal-by-deal model LPA

This latest model comes off the back of strong demands for a template to use for a DBD structured agreement

IQ-EQ’s Peru & Partners makes two senior hires

Peru & Partners was acquired by IQ-EQ in 2019, and is dedicated to servicing the French PE industry

Temenos launches AI tool for fund admins

The firm claims it is the first to launch a software of this kind

Mercatus releases new data interface

The interface allows investors to configure, clone and share integration formulas related to performance, operating, incidents and ESG reports, as well as contracts and other agreements

Anduin Transactions partners with Aduro Advisors

The partnership integrates Anduin’s digital fund subscription platform into Aduro’s FundPanel

JP Morgan AM partners with Hazeltree

Clients can use Hazeltree’s tech to manage multi-bank relationships across all fund structures while accessing JP Morgan’s liquidity

Maples Group partners with IHS Markit

The partnership allows data on credit activity to automatically integrate into Maples’ accounting system

Investindustrial secures ESG-linked sub line

Investindustrial’s Fund VII has secured a €600m ESG-linked subscription credit facility

MUFG selects Broadridge’s loan tracking tech

Partnership comes off the back of strong growth in the private debt, credit and direct lending market

Domicile watch: July 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

Jersey expects increased fund migration following new LP rules

The amendment makes it easier for managers to migrate structures from elsewhere in a quick, cost-effective manner.

DAC 6 tax reporting regime sparks debate

The legislation requires certain cross-border arrangements to be reported to tax authorities by taxpayers and/or their advisers

Carried interest at risk of tax hike

The UK government has launched an investigation into the capital gains tax system

Online investment platform Titanbay launches

It provides medium-sized institutional and professional private investors to access private equity and alternatives funds

ACA Compliance secures $40m investment

Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018

Standish adopts Astrella

Standish Management will use Astrella's data to support LP reporting and communications, capital calls and distributions as well as partnership accounting

DMS Group acquires Oligo

The acquisition enhances DMS’ European product offering to provide Swiss fund services and bespoke solutions to clients

Hong Kong passes Limited Partnership fund regime

The new bill "makes impressive strides" in attracting investment funds, including private equity and venture capital

Lobbardi launches Avardi Partners

Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners

ILPA updates model LPA

According to ILPA, updates have been made to improve transparency, governance and alignment of interests

Cobalt partners with Lionpoint

The partnership will assist PE firms wanting to integrate tech into their investment processes

Jersey seeks feedback on LP continuance fees

The proposed fees will only affect foreign limited partnerships wanting to migrate to Jersey

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

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

Equiom buys Borean

The acquisition is part of Equiom’s wider strategy to increase its services for asset managers in tier 1 jurisdictions

Jersey increases fund fees

The new rates form part of the regulator’s 2020 business plan

eVestment partners with Assette for data integration project

The partnership aims to improve asset managers' data integration into client and sales communications

Apperio expands into US

The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms