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Outsourcing

Aztec and Worldfavor launch ESG & sustainability alliance

The alliance aims to enable private market managers with a better understanding of the impact of their own business operations and their portfolios in relation to ESG factors

CVC pulls out of €1.63bn Intertrust takeover

The firm has announced it is no longer in discussions with Intertrust about the offer or its potential merge with TMF Group

Citco adds scenario modelling to waterfall tool

The enhancement enables users to customise and calculate forward-looking investor distributions and carried interest scenarios

LPs prefer outsourcing

SS&C Intralinks' 2022 LP survey found that 38% of institutional investors surveyed prefer a manager to use a fund administrator

European Commission puts AIFMD and ELTIF under review

The legislative proposals adopted include clarification on delegation rules

Alter Domus invests €50m in European operations

The capital will be used to expand operations in Ireland and fund newly launched operations in Lithuania, as well as a digital agenda to improve its technology stack

Comment: Alternative managers challenged to build virtual fort knoxes

The cash-in, cash-out nature of fund management requires sophisticated cyber controls, write Jeremy Slade and Don Jefferis of Hazeltree

Aztec adopts Fenergo for onboarding

Fenergo enables Aztec to onboard investors faster and improve the user, client and investor experience

Kirkland & Ellis appoints Cox

Alexander Cox joins K&E's tax practice from Ashurst

Bridge Alternatives launches outsourced CFO business

Along with the new business line, Bridge Alternatives has hired Kyle Fields from SS&C as CFO

Allvue partners with SteelBridge

The partnership will see SteelBridge assist Allvue’s clients with planning, data migration, implementation, data aggregation and post implementation of Allvue’s newly-launched PE and VC essentials platform

IQ-EQ acquires Greyline

Greyline provides regulatory compliance, management consulting and governance, outsourced operations and middle office services to its clients

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

SBTi publishes guidance to combat climate change

The guidance aims to define and promote best practice in science-based setting, in order for PE firms to align their portfolios and operations to well below 2°C and 1.5°C climate scenarios

Alter Domus partners with Canoe

The partnership provides clients with alternative data management solutions

5 minutes with… Rory Smith, Brickfield

Founder of Brickfield Recruitment, Rory Smith, discusses his journey into fund finance and why it’s such a special market to work in

Apex partners with Governance.com

Governance.com provides automated solutions for client lifecycle management, corporate governance, risk management, compliance and other digital ops

Cyber psychology

With cyber attacks increasing, the matter can no longer be an IT problem. It's time for private equity to see cyber threats as a major business risk, and with that, human behaviour needs to be front and centre.

Data is king (even when it comes to fund domiciles)

Common standards would enable decent data governance, which would do away with skills and talent challenges the fund administration market is suffering from

Intertrust launches ESG data solution

The solution aims to help GPs meet ongoing, critical ESG demands by providing an integrated approach to collecting and analysing ESG data, while managing ESG risk in portfolios

InCloudCounsel secures $200m Series B

The contract automation company has also rebranded to Ontra

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

SEI buys Finomial

Deal aimed at enhancing cloud-native technology capabilities

The rise of the cross-border transaction

Reed Smith partners Stephen Mooney and Sam Webster detail the latest evolution in the way funds operate and structure deals

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

LISTEN: Private debt’s next stage of maturity

Direct lending has come a long way in a short period of time

INDOS secures Irish depositary licence

The firm received the licence from the Central Bank of Ireland

LPs paying more for administrative costs

25% of LPs are being charged separately for expenses such as in-house legal, accounting and computer software

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

Fund domiciles in 2021: UK

Key facts and figures relating to why the UK is an emerging domicile

Fund domiciles in 2021: Malta & Cyprus

Key facts and figures relating to why Malta and Cyprus are domiciles of choice for small and emerging managers

Profile: Sam Marsh, Alpha

The senior partner discusses the firm's newly-launched alternative banking solution, aimed at bringing efficiencies when setting up bank accounts and SPVs

LISTEN: The Drawdown speaks to Private Equity Technology Podcast

Alice Murray, editor of The Drawdown, speaks to Lisa Weaver-Lambert and Alex Agran of the Private Equity Technology Podcast

Fund domiciles in 2021: Cayman Islands

Key facts and figures relating to why Cayman Islands is a well-regarded domicile

Fund domiciles in 2021: Guernsey

Key facts and figures relating to why Guernsey is considered a highly innovative domicile

Fund domiciles in 2021: Jersey

Key facts and figures relating to why Jersey is a fast and flexible domicile

Emerging managers: considerations for selecting your fund domicile

Launching a new fund is no easy task; don't let fund domicile selection add to the complexity

Crestbridge names chief risk officer

Siân Dalrymple takes over the role from Nadia Lewis, who moves to IQ-EQ as head of risk and compliance

AssetMetrix opens office in Luxembourg

The company has hired Alexander Wedlich to head up the new office

Fund domiciles in 2021: The Netherlands

The Netherlands is an important centre for pension funds and offers a light regime for smaller GPs

Fund domiciles in 2021: Ireland

Ireland is a domicile to watch thanks to its recent Investment Limited Partnerships reform

Fund domiciles in 2021: Luxembourg

Luxembourg is a tried and tested domicile, popular with LPs, but concerns are mounting over skills and talent levels

Shifting sands: the domicile dichotomy

On the surface, selecting a fund domicile is largely about catering to investor needs, however, just as the private capital fund space is ever-changing, fund jurisdictions are ever-evolving and appearances can be deceiving

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

Taxation of partners: Changes expected

Alex Conway of Crowe UK details expected changes as to how partners will be taxed following the government’s current consultation

Alpha FX launches alternative banking platform

Solution allows GPs to open overseas bank accounts in less than a week

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

Profile: Hina Ahmad, Capital Dynamics

The COO discusses moving from the legal and compliance team to her current role, how the team has leveraged technology to keep up with rapid growth, as well as plans for evolving the firm's pandemic sub-committees

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

CSC secures Luxembourg licences

In addition, CSC hired Pierre Mifsud as MD for depositary services, and Yves Cheret as MD for fund admin

Sanne appoints PE director in Jersey

Laura Hazzard leads client company structures and is responsible for service provision to a varied portfolio of clients

JTC buys Ballybunion

The Dublin-based firm provides management and regulatory oversight services to investment funds

JTC buys Segue

Segue provides fund solutions to private equity, venture capital, debt funds and family offices

Profile: Frédéric de Frésart, Argos Witu

The chief information officer discusses the firm's digital transformation, key considerations to ensure security isn't breached for hybrid working models as well as why blockchain is one to watch

Apex partners with VCP Advisors

VCP provides advisory, capital raising and restructuring services

Gen II hires two

Duncan Christie is head of operations and a member of the executive committee while Eva Ntovolou is global data protection officer

ACA buys Catelas

The ML-based electronic communications (eComms) surveillance and investigations platform will integrate with ACA's regtech platform ComplianceAlpha

Drawbridge hires three

Adam Menkes is global head of ops, Jacob Cane is head of strategy, while Art Murphy is director of BD

Standish expands to UK

Following authorisation from the FCA, the London office provides UK administration and depositary services

Ocorian hires head of global funds

Garrett Breen joins from JP Morgan where he spent the last five and a half years