News
2 March 2021
IQ-EQ targets fund services in Ireland
The firm received fund administrator authorisation from the Central Bank of Ireland in December
1 March 2021
Hawksford receives investment from STAR
The fresh capital will be used to support Hawksford’s acquisitive growth strategy
1 March 2021
ESAs publish statement on application of SFDR
The objective is to “achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and the protection of investors"
25 February 2021
InCloudCounsel opens Singapore office
The firm has hired Jon Crandall as managing director for APAC to lead the office
25 February 2021
PE and private debt behind on adopting tech
Broadridge's latest report found only 9% of PE and private debt respondents identified as leaders when it came to using AI, blockchain, the cloud and digital
24 February 2021
LP location most important factor in fund structure selection
Alternatives Watch’s 2021 Fund Formation Survey found 20% of respondents cited regulatory regime as another important consideration for dictating the type of fund launched
24 February 2021
Standish partners with Redwood Valuation
The partnership enables Redwood to offer Standish clients a wide array of valuation services in a streamlined, high quality and cost effective manner
23 February 2021
LPs push for DE&I in private markets portfolios
According to Mercer, LPs want DE&I manager programmes implemented and an expansion of DD frameworks to include diversity metrics
22 February 2021
PE and VC funds reached $325.9bn in Jersey in 2020
Monterey's latest report found more than 120 new Jersey funds were launched during 2020 collectively totalling $14.5bn
22 February 2021
AIFs and UCITS totalled €174bn in December
EFAMA's latest report found AIFs and UCITs net sales totalled €174bn in December, a significant increase from €78bn in November
22 February 2021
BWAM launches leadership accelerator course
The six-month programme aims to fast track the careers of mid-to-senior level black female professionals
22 February 2021
Domicile watch: February 2021
Key takeaways from the major PE domiciles: including Jersey's recommendations to adapt its framework, Guernsey's latest guidance on cyber security and countering financial crime and terrorist financing, as well as Luxembourg's response to OpenLux
18 February 2021
Cost of compliance: 5% of revenue
According to Duff & Phelps latest survey, 23.5% of senior decision-makers of financial services firms expect to spend between 1%-5% of 2021 revenue on regs compliance
17 February 2021
iCapital and CAIA Association launch AltsEdge
AltsEdge is an education system which aims to help financial advisors understand alts investment strategies
16 February 2021
Cost of meeting LP data demands: $5.5bn
Intertrust's latest report found 64% of CFOs expect LPs to want daily/live updates on ESG, while 50% expect them to require frequent updates on operational service level agreements
15 February 2021
Luxembourg Government and ALFI respond to OpenLux investigations
Statements defend the Grand Duchy’s regulatory standards following the OpenLux investigations, which claimed Luxembourg uses flawed AML frameworks
15 February 2021
JTC acquires INDOS
INDOS provides depository, ESG and AML oversight services to the alternative funds sector
12 February 2021
BVCA publishes D&I guidelines
The guidance aims to help increase investment in under-represented founders and drive diversity and returns across PE and VC
12 February 2021
LemonTree and Reframe announce strategic partnership
The announcement follows two previous partnerships for LemonTree, with Steelbridge and Lionpoint
11 February 2021
StepStone becomes The ID Register alliance partner
StepStone Group has been a client of the platform since 2016
8 February 2021
Palico launches video-based fundraising
Palicalls enables LPs and GPs to book video meetings via a fully integrated dashboard that collates all relevant fundraising materials, communications and information into one space
5 February 2021
AIFMD review response: if it ain’t broke don’t fix it
EFAMA has published its response to the European Commission consultation for an AIFMD review, requesting limited amendments
5 February 2021
Jersey brings stability to funds industry
Jersey brings a level of stability to the funds industry that is valued across the board, according to the Government of Jersey
4 February 2021
eFront integrates RepRisk ESG data
RepRisk’s dataset enables eFront clients to proactively identify ESG risk exposure in private investments
4 February 2021
STRAIT partners with PFA
The partnership will develop STRAITView, a manager-facing dashboard solution that will sit on PFA Solutions’ FirmVew platform
4 February 2021
Third of GPs prioritising returns over ESG
According to the latest figures from EY, while 68% of GP respondents take ESG seriously when it comes to investment decisions, a large minority - 32% - said returns are more important
3 February 2021
GPs prioritise D&I
According to EY's latest report, 56% of GPs are aiming to increase gender representation this year compared to 47% in 2020, according to a new report
3 February 2021
Remote working impeding training
EY’s latest CFO survey found 76% of respondents believe the biggest risk to their firms caused by WFH is an inability to train employees quickly
2 February 2021
CEPRES partners with KOP Consultancy
The partnership responds to service provider demand to cater to their clients' increasing need for information to support better decision making and to manage risk more effectively
2 February 2021
The ID Register gets Guernsey licence
The licence enables The ID Register to carry on controlled investment business in the jurisdiction
1 February 2021
Luxembourg to reach €5trn AuM
Luxembourg remains popular with funds industry as total AuM set to reach €5trn
1 February 2021
Xolaris granted Liechtenstein AIFM authorisation
Third party AIFM provider Xolaris has been authorised to offer its ManCo services in Liechtenstein
27 January 2021
Domicile watch: January 2021
Key takeaways from the major PE domiciles: including Jersey's new definition for AML legislation, changes to Guernsey's private fund regime and Ireland's prep for SFDR
26 January 2021
Allvue partners with TrustServe
Allvue will integrate its platform into TrustServe, enabling it to service all closed-ended funds across PE, VC, FoF, RE and family offices
25 January 2021
SimCorp and Colmore partner on data service
The partnership integrates Colmore’s INSIGHT (data management) and FAIR (fees) services with SimCorp’s alternatives investment manager offering
22 January 2021
iCapital buys AI Insight
AI Insight provides financial advisors investment research, training, qualification and compliance support for a variety of alternative investments
22 January 2021
Colmore launches Stride
Stride automates and enhances the collection, extraction and analysis of unstructured data
21 January 2021
Private Equity Service Provider Awards: Winners announced
Winners of the Private Equity Service Provider Awards revealed
18 January 2021
Cobalt adds cap tables to portfolio monitoring platform
The function allows custom metrics to be edited in-application, downloaded, pulled into various reports and exported
18 January 2021
Apex launches tool for ESG regs
Invest Check is a tool to help financial services firms collect data to report and comply with upcoming ESG rules
17 January 2021
ILPA publishes model NDA
The template aims to streamline due diligence access for LPs and GPs
17 January 2021
Citco opens Abu Dhabi HQ
The firm has also partnered with ADGM to create a sustainable, fully-integrated ecosystem for the investment management industry
15 January 2021
LemonTree partners with Lionpoint Group
The partnership aims to deliver complex data and accounting solutions to the private markets sector
15 January 2021
Allvue launches LP solution
Allvue’s LP solution claims to support investors’ ability to manage and analyse their alternative investments more efficiently
14 January 2021
ESMA reminds firms of MiFID II reverse solicitation rules
The regulator notes that since the UK’s Brexit transition period ended on 31 December 2020, some questionable practices by firms around reverse solicitation have emerged
13 January 2021
ESMA and FCA agree MMoU on information exchange
The MMoU explains the FCA’s and EEA authorities’, “willingness to cooperate with each other to maintain confidence in the financial system and preserve financial stability in their respective financial markets
13 January 2021
Alter Domus buys Strata Fund Solutions
Strata provides fund administration services to US private equity and venture capital funds
12 January 2021
In-house legal responsible for external costs
A new survey conducted by Apperio found that 62% of PE in-house lawyers are accountable for selecting their preferred law firm partners
8 January 2021
LPs want better ESG reporting
LPs are seeking more granular detail when it comes to ESG reporting, according to Intertrust Group
5 January 2021
BWAM gains PE sponsors
Blackstone, CD&R, Goodwin, Latham & Watkins and Livingbridge join as institutional members and sponsors
5 January 2021
Capital call levels greater than distributions
Latest findings from Triago and Cebile highlight the oddities of 2020, including the rapid rise of GP-leds
5 January 2021
Link Group purchases Casa4Funds
Casa4Funds has been backed by Banor Capital since 2014
5 January 2021
Alter Domus buys IPS Fund Services
Boston-based IPS has $9bn of PE and VC assets under administration
4 January 2021
Apex acquires GFin
As part of the deal, GFin’s 130 staff will join Apex and the firm’s management team will maintain leadership roles within Apex Mauritius and globally
4 January 2021
MJ Hudson buys PERACS
PERACS serves institutional investors and alternative asset fund managers
18 December 2020
Irish Funds welcomes LP reform
The trade body predicts The Investment Limited Partnerships (Amendment) Bill 2020, passed in the Dáil, will create 3,000 jobs by 2025 and attract up to €20bn of global private capital each year
17 December 2020
Jersey NPPRs up 12%
The number of managers using the national private placement regimes (NPPR) in Jersey has increased by 12% over the past 12 months
15 December 2020
Former SS&C ALPs execs launch TrustServe
The new fund administrator aims to challenge the sector by taking advantage of new technology.
15 December 2020
IPEV reiterates special guidance ahead of year end
IPEV board reaffirms that fair value is the best measure of valuing private assets