Outsourcing
12 April 2021
TMF Group buys Venture Back Office
VBO provides fund admin, investor services, as well as portfolio management solutions to PE, real assets, credit and emerging manager funds
12 April 2021
Agile fund management
The major advantage of setting up something fresh is having a clean slate with the ability to adopt the latest learnings and technologies. This is exactly what fund administrator Highvern did when it set up its processes and ways of working
8 April 2021
Sanne acquires STRAIT
STRAIT provides fund administration, financial oversight and regulatory compliance services for PE, FoF, SPVs, family offices, hedge funds and other investment vehicles
6 April 2021
A guide to continuation funds
Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue
1 April 2021
The Techwork
Private equity's digital transformation has undoubtedly been catalysed by events of the past year
31 March 2021
Fund Administration: Technology & Innovation award winner: Citco
Head of PE Nikolaos Perros explains why having an internal tech team and proprietary solutions is so important
30 March 2021
MUFG IS launches ESG reporting tool
The reporting tool initially uses RepRisk data and MUFG IS plans to add further data sources
30 March 2021
Allvue partners with Got Your Back
The partnership provides fund accounting solutions for Got Your Back's alternative fund management clients
30 March 2021
Fund Administration: Over $50bn AUA award winner: Alter Domus
Head of PE Tim Toska discusses why he's not concerned about the company turning into a large, institutional fund admin
29 March 2021
Fund administration: Under $50bn AUA award winner: Highvern
Head of funds at Highvern Aidan O'Flanagan, explains why putting clients, technology and staff first is a subtle but important difference in the fund admin space and outlines how their systems have been designed to cater for today's requirements
25 March 2021
Domicile watch: March 2021
Key takeaways from the major PE domiciles: including Jersey's changes to its AML/CFT handbooks, Guernsey's review of its Green Fund accreditation and Ireland's Green Team network launch
25 March 2021
Advisory / Consultancy: Tax & Compliance award winner: Macfarlanes
Partner Ceinwen Rees highlights the importance of the firm's technical training sessions
24 March 2021
Advisory / Consultancy: ESG award winner: Sancroft International Limited
Senior consultant Ivaylo Dimov discusses the importance of knowing what ESG means to a firm and equally what it doesn’t or shouldn’t mean
23 March 2021
Advisory / Consultancy: Operations & Technology award winner: Holland Mountain
CEO Barnaby Piggott talks about why clients value the firm's independence
22 March 2021
Fund Finance Provider award winner: Raiffeisen Bank International
RBI's William Lamain explains why being one step ahead is vital in the competitive fund finance space
22 March 2021
Column: Healthy competition
Riverside Europe COO Dörte Höppner, one of the judges for The Drawdown Awards, details the importance of good service and healthy competition when it comes to service providers
18 March 2021
IPES’ Gillson joins PraxisIFM’s board
The firm will announce a new chair in due course
18 March 2021
Rising Star of the Year award winner: Dawid Sawicki, Kennet Partners
The financial controller discusses winning the Rising Star award, stepping up to FC during the finance team's transition period and various processes, systems and the CFO forum he's implemented
17 March 2021
Mainspring partners with Aspida Group
The partnership aims to service Guernsey-domiciled private equity and venture capital funds
17 March 2021
Legal: Fund Structuring award winner: Travers Smith
Fund partner Sam Kay merits the win to the firm's heritage in private equity as well as its active thought leadership
16 March 2021
IQ-EQ selects Allvue for private debt & credit
The debt desk will employ FIS software for accounting and transfer agency services, DX as the 24/7 online client portal, as well as IQ-EQ’s proprietary reporting system, IQ-EQ Cosmos
11 March 2021
CFO of the Year award winner: Steve Darrington, Phoenix Equity Partners
Partner & CFO at Phoenix discusses winning a Drawdown award, setting up processes from the very beginning as well as how he's ensured ESG continues to be at the heart of the firm
10 March 2021
Auxadi appoints five
Inflexion-backed Auxadi provides corporate services to private equity and real estate firms
10 March 2021
Palatine invests in Anthesis
The fresh capital will support Anthesis’ growth plans, both organic and acquisitive, as well as accelerating its digitalisation
9 March 2021
Long Ridge backs Drawbridge
Cyber security provider Drawbridge currently counts 300 alternative asset manager clients
9 March 2021
Former Apex trio launch Oakbridge Funds
The independent fund administrator is majority owned by investment firm ED Group
8 March 2021
Technology: Cyber Security award winner: ACA Aponix
Partner Mike Pappacena explains why the firm is moving into ESG
8 March 2021
Kirkland & Ellis’ Townsend joins Ropes & Gray
Townsend advises European and global firms on the establishment and structuring of private funds
8 March 2021
Crestbridge opens Dublin office
The firm is currently authorised to provide corporate services in Ireland and is aiming to provide fund admin services soon
8 March 2021
And the winner is…
Entrants to The Drawdown's Awards were asked to demonstrate business growth, innovation and client satisfaction. While the winners were rewarded based on these metrics, what's clear from speaking to all of the successful groups is they all shared three additional commonalities
5 March 2021
Ropes & Gray appoints funds partner Brown
Emily Brown will join the firm next month from Schulte Roth & Zabel where she has been a partner since 2018
5 March 2021
TiG acquires ThirdSpace
The deal was backed by BGF, with financing provided by Santander’s Growth Capital team.
4 March 2021
Ocorian purchases Platinum Compliance
Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020
4 March 2021
Consero buys BridgeView CFO Solutions
The deal expands Consero’s suite of solutions to include HR and payroll services for its existing client base
4 March 2021
Deeper Perspective: The UK Funds Regime
Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?
3 March 2021
Blackstone’s Bailhache joins Simpson Thacher
Geoff Bailhache has joined the firm’s London office as a partner
2 March 2021
IQ-EQ targets fund services in Ireland
The firm received fund administrator authorisation from the Central Bank of Ireland in December
2 March 2021
Comment: Choosing the right auditor
Karen Allan of Haysmacintyre outlines why a move to a mid-tier auditor can reap multiple benefits
1 March 2021
Hawksford receives investment from STAR
The fresh capital will be used to support Hawksford’s acquisitive growth strategy
1 March 2021
MJ Hudson names new partners
Stephen Sims and Whitney Lutgen are partners in the private funds practice while Ronan McCann is partner in the firm's VC and tech division
1 March 2021
The Perfect Match: Finding the ideal fund finance solution partner
OakNorth's Mohith Sondhi details a recent subscription line facility placed with private equity firm Bluegem
25 February 2021
IQ-EQ’s Lawson Conner hires MD
Rachel Aldridge will manage the day-to-day operations, execute strategic initiatives and ensure consistent client service delivery
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
18 February 2021
The ins and outs of outsourcing: An evaluation guide for selecting the right vendor
InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"
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
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
JTC acquires INDOS
INDOS provides depository, ESG and AML oversight services to the alternative funds sector
12 February 2021
LemonTree and Reframe announce strategic partnership
The announcement follows two previous partnerships for LemonTree, with Steelbridge and Lionpoint
11 February 2021
Profile: Jasi Halai, 3i
The group financial controller & operating officer discusses working within the finance dept of a listed firm, leading system implementations and transformations as well as her role in the firm's committees
9 February 2021
Linklaters’ Ghillemyn joins Goodwin
Ghillemyn’s practice focuses on fund finance, banking regulatory matters, securitization, listing of debt securities, complex cross-border restructuring and insolvency
8 February 2021
GAAP in Lux
Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds
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
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
2 February 2021
Crestbridge appoints legal and compliance specialist
Anika Ratzmann is responsible for the development and management of the legal and compliance divisions and will help with strategic growth
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
1 February 2021
Spending power: Getting a handle on legal expenses
A recent webinar discussion looked under the bonnet of legal spending
28 January 2021
Under attack
With continued remote and hybrid working conditions, all team members need to be more vigilant than ever when it comes to cyber security