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ODD / DDQ

Top of the chain

With the Consumer Duty expected to come into effect on 31 July 2023, the responsibility to comply will apply to the entire supply chain, including fund managers

Citco partners with Fenergo

Citco to integrate Fenergo’s client lifecycle management platform

Crestbridge appoints senior risk and compliance officer

Marie Morris joins from Butterfield Bank to assume the roles of director and money laundering compliance officer

Diligend secures series A and rebrands

Financing round led by Nasdaq Ventures; Diligend becomes Dasseti

Core opens for business

The company offers a range of fund administration services for GPs based in Guernsey

Tackling tokenization

As GP appetite for tokenization increases, concerns around liquidity, security and regulation need demystifying

Venn enhances portfolio analytics platform

The platform’s interpolation functionality uses a public market proxy to deliver an approximated daily return stream for the private market

Crosslake acquires Intechnica

Acquisition sees Crosslake expand its European presence

IDR launches next-generation fund subscription

The service aims to provide a smooth fund subscription service that easily connects GPs and LPs

A question of intent

EFAMA responds to ESA’s consultation on greenwashing, distinguishing between misleading with intent and regulatory uncertainty

Pinsent Masons acquires Morgan Green Advisory

Law firm expands its ESG services by joining forces with sustainability finance consultancy

Capital-raising punishment: Laborious letters

An increasingly complex regulatory environment and investor sophistication have resulted in longer side letters. With the rock to be pushed up the hill of compliance getting larger, how can GPs ensure it stays at the top?

Socials savvy

A survey from Prosek Partners has revealed a strong GP social media presence will be key to successful fundraising

Column: Smooth operator

In a challenging fundraising environment, operational leaders must ensure the machine room is running smoothly, writes Dörte Höppner, chief sustainability officer at The Riverside Company

5 minutes with… David Genn, CEO of Goji

We spoke to the CEO of Goji to find out how they are using digitisation to open up investor access to private equity funds

Dealbreaker: ESG standards

To retain investors, a high standard for ESG-related disclosure is becoming crucial

Goji partners with Apex

The partnership aims to streamline onboarding, KYC & AML and digital subscriptions

Exclusion exemption

FCA clarifies which investors are exempt from Consumer Duty in latest quarterly consultation paper

In conversation: Stake house

Highlights from a recent roundtable discussing the evolution of GP stake sales and what value they can bring to private equity firms

Diversity becomes key metric in fundraising

LPs are increasingly factoring DEI into their capital allocations, says McKinsey

Hamilton Lane to offer tokenization

Partnership with Securitize will digitally expand investor access to its funds via new tokenized feeder funds

Inside Verdane’s ESG-linked sub line

Verdane's sustainability lead, Axel Elmqvist, and head of debt, Andreas Daae, discuss the intricacies of setting up the firm's first ESG-linked subscription line.

Aztec launches streamlined onboarding solution

Aztec Verify automates the due diligence process while ensuring regulatory compliance

In conversation: Power to the LP

Highlights from a recent roundtable event examining the growing influence of investors in private equity fund management

Profile: Kenta Shima, J-STAR

The head of operations & IR discusses the Japanese private equity market, challenges within his role, J-STAR’s tech stack and setting up the firm’s latest fund

TDA 2022 Legal: Fund Formation winner: Travers Smith

Sam Kay, funds partner at Travers Smith describes what's enabled the firm to have such a deep understanding of the market

TDA 2022 Advisory/Consultancy: Fundraising winner: Asante Capital Group

The placement agent's team explains how they support each and every project to ensure their clients are successful

Vauban creates Lux fund launchpad

The platform aims to help emerging managers to launch VC funds in Luxembourg

BOE interest rate hike to impact valuations

“I think we can expect to see the interest rate hike exert some downwards pressure on valuations, though how much is difficult to forecast given the broader market conditions.”

Profile: Laura Howes, Key Capital Partners

The finance & operations director discusses her move from origination to finance and ops, challenges in her new position, as well as her involvement with the firm’s tech stack

Profile: Bonnie Kraus, Crane Venture Partners

The COO discusses her career path to Crane, what PE could learn from VC as well as what’s in store for the firm in Q1 2023

LP appetite for PE suffers sharp decline

The Rede Liquidity Index score has decreased from 70 in 2021 to 55 for H1 2022 signalling a sharp fall in LP investor appetite.

Operational lens: Summa Equity Fund III

Summa’s latest fund was almost quadruple the size of its predecessor, despite being raised remotely. General counsel Martin Sjölund, talks us through their Swedish fund structure, the bespoke onboarding solution, tackling compliance heavy ODD and Summa’s supportive partners.

ODD: background checks most important

New findings show background checks and references are the most important ODD considerations for LPs

Profile: Susan Wilkins, Actis

The COO discusses her pathway from Actis portfolio company to the GP, taking over management of Abraaj funds and her role as a member of the inclusion & diversity committee

Profile: Razzak Akbar, Freshstream

The CFO discusses Freshstream’s spinout from Bregal, the ongoing relationship between the two firms and setting up the Dutch office

5 minutes with… +SUBSCRIBE

+SUBSCRIBE’s Rafay Farooqui talks us through the platform’s onboarding and subscription document processing capabilities

Due diligence goes digital

A new report found the majority of survey respondents intend to use more technology and tools to get diligence done in the future

GP tech adoption looms large on LP investment decisions

The majority of LPs' investment decisions are influenced by GPs’ level of technology adoption, according to a recent survey by Brackedale consulting and AssetMetrix

5 minutes with… Monel Amin, DiligenceVault

“One of the biggest friction points we see is the lack of standardisation. Diligence standards have emerged, but adoption remains sub-scale.”

Reporting frequency expected to increase

Intertrust’s latest survey found GPs expect to share information daily or weekly, or in real time

Profile: Richard Drover, Apis Partners

The CFO discusses his responsibilities outside the finance function, his 100-day plan of action to improve and enhance Apis' processes as well as the challenges of joining a new firm

CFOs: cost and resource constraints prevent ESG integration

Intertrust’s latest survey found this to be the biggest obstacle CFOs face when integrating ESG into their investment processes

Arcus achieves top ranking for ESG reporting

The firm is closely followed by Partners Group and Tikehau Capital

ESG outsourcing: who’s who?

We've compiled a directory of who does what when it comes to ESG outsourcing, to help get those boxes ticked.

5 minutes with… Wissem Souissi, Diligend

“When huge amounts of data sit in files, there’s not a lot you can do with it. But if the data is centralised and digitised, you can slice, dice and extract incredible insights from it.”

Profile: James Harper, Apposite Capital

The CFO discusses why he has taken over the IR function, what processes and frameworks he's put in place since joining, as well as how the firm's bespoke DD for ESG differs from their peers

Improved tech solutions can drive operational efficiencies

Panellists at the recent Real Deals Mid Market conference agreed ODD, deals and the full investment period could greatly benefit from collaborative software solutions

Operational Lens: Pantheon Secondary Opportunities Fund (PSOF)

With a total AUM of $52.3bn, Pantheon is a machine when it comes to fundraising. We take a look at the $624m PSOF, to discover how the pros get the job done.

Allvue partners with Pitchbook

Partnership will provide PitchBook Private Market Benchmarking for LP clients

Domicile watch: January 2022

Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist

Profile: Bart Elema, Waterland Private Equity

The partner, CFO & risk officer discusses how his role and responsibilities have evolved over nearly two decades, why Waterland domiciles its funds in the Netherlands, as well as securing the firm's first ESG equity bridge facility

Operational forecast for 2022

We take a look at Alpha FMC’s predictions for PE operations this year, as well as individual forecasts for CFOs, COOs, CTOs, CDOs and heads of compliance

LP/GP power balance set to shift

Intertrust has identified the key technology trends which will impact private equity in 2022

DiligenceVault adds ESG, D&I questionnaires

New questionnaires from The Asset Owner Diversity Charter and The ESG Data Convergence Project are now available

Diligend secures additional investment

Fresh capital will see the due diligence platform expand its fund manager offering

LPs want high quality investor marketing materials

According to Brackendale Consulting, most LPs believe badly designed or poorly written investor marketing materials alludes to a lack of professionalism

European LPs: anti-greenwashing regulation won’t work

Only 44% of European LPs are optimistic about anti-greenwashing regulation making it easier to distinguish true environment-related claims from greenwashing, according to Coller Capital

Profile: Richard Burrett, Earth Capital

The chief sustainability officer discusses the firm's proprietary tool, Earth Dividend, challenges around certifying as a Guernsey Green Fund as well as what he thinks of the FCA's proposed climate-related disclosures

DLA Piper launches end-to-end funds practice

The division aims to provide a one-stop shop for asset managers, investment fund sponsors and investors across all industry sectors, geographies, asset classes and investment strategies