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v2.0

Outsourcing

5 minutes with… Will Roxburgh, Khepri

The managing partner talks MJ Hudson management buyout origins, the market consolidation in fund administration and its consequences for the rise of boutique firms

Exchangelodge receives investment from Innovation Works

Fresh funds to broaden existing offering and accelerate global market penetration

RobinAI integrates Claude 3

The AI legal chatbot has partnered with Anthropic since 2022

Ocorian’s Nordic Trustee comes to the UK

Anatoly Sorin will head the London team

Hazeltree adds remote access to treasury platform

Other product updates include the addition of a mobile transaction approver application

White & Case appoints funds partner

Formerly at Ropes & Gray, Lavanya Raghavan to join the firm and reunite with former colleague Emily Brown

Rede Partners appoints head of strategic capital advisory

Riccardo Villa will lead the advisory’s alternative liquidity solutions services

European Commission rejects ESMA’s ELTIF 2.0 draft RTS

Liquidity mechanisms have been revised to make it easier to set up evergreen funds and to better attract individual investors to private markets, but the proposals still divide the investment community

Khepri snaps up two

Fund admin concludes two acquisitions in order to enhance its corporate accounting and company secretarial lines

Apex appoints head of financial crime

Mark Le Page joins the fund admin from EY where he was extended assurance director

SimCorp and State Street expand partnership in Germany

Collaboration to support State Street’s accounting, fund admin and data processing services in the local market

Second(aries) to none

Pros and cons of tokenisation for the secondaries market

Socium Fund Services partners with GRMA

Regulatory reporting software to be incorporated into US fund administrator’s compliance reporting platform

FCA increases AML oversight

Recipients of the regulator’s recent Dear CEO letter have six months to perform a gap analysis

Kirkland appoints ESG partner

Rebecca Perlman joins after a 12-year tenure at Herbert Smith Freehills

KKR appoints chief information officer

Ruchir Swarup joins from data platform Addepar

Cinven invests in Alter Domus

GP to acquire half of the founders’ and Permira’s stakes in the fund admin; aims to grow company in key markets and customer verticals

Taylor Wessing appoints fund formation partner

Shervin Shameli was formerly co-head of Reed Smith’s private funds formation group

Kroll launches two fraud solution tools

Risk Analytics Monitor and Managed Compliance Software use data analytics and AI technology to help automate risk management workflows

Investec expands GP advisory practice

Asante Capital’s Oliver Altendorf, Harbourvest’s Christoph Schwarz and Credit Suisse’s Emilia Korobowicz join advisory lead Stefano Manna

The Third Party

The borrowers and lenders of fund finance have credit rating company…

Amicorp FS launches LP onboarding platform

The cloud-based system AMI-GO enhances the document verification process

Bischoff succeeds Peel as head of finance at Travers Smith

Charles Bischoff (left) has been a partner since 2012; Peel (right) to remain at the firm and continue to ‘play a significant role’ in the practice

5 minutes with… Joanne McEnteggart, IQ-EQ

The global head of debt, capital markets and corporate at IQ-EQ talks about private debt challenges, prioritising talent and Ireland’s prospects as a fund domicile

Tyrannosaurus Regs?

How are global regulators scrutinising AML procedures and is that oversight increasing?

ELTIF 2.0 – A case study

How Moonfare provides liquidity to its investors via an auction process instead of redemptions

ACE Alternatives adopts Tactyc

Partnership offers fund and portfolio modelling without Excel spreadsheets

Alter Domus forms herd with T-Rex

Partnership to automate EU regulatory reporting for US-based credit firms

Economic symptoms of longevity

Addleshaw Goddard’s latest Funds Trends Report showcases the effects of longer fundraising and investing periods on the economics of the GP-LP relationship

Comment: What you need to know about ELTIF 2.0

Karma Samdup and Vicki Odette, partners at Haynes & Boone, examine how ELTIF 2.0 aims to unlock private market access for retail investors

Lantern appoints inaugural CTO

Charlie Markham joins the company as it aims to scale its tech capabilities and international expansion

Next stop – carried interest

Liquidity event delays are having an effect on waterfall calculation models

LISTEN: Top of the ops: Is the grass evergreener?

A conversation with Eurazeo's Luc Maruenda on setting up evergreen fund structures

S&P acquires Visible Alpha

Company aims to bolster Capital IQ offering as it explores opportunities in wealth management services

Vistra appoints global head of funds

State Street’s Abdel Hmitti assumes the role and is set to relocate to the US

A&M partners with Pactio

Partnership enhances the firm’s M&A tax advisory services with Pactio’s transaction structuring automation tools

LemonEdge partners with ROYC

The partnership aims to enhance ROYC’s management of closed-, open-ended and hybrid funds

BGF and Verisk invest in KYND

Cyber risk management platform builds upon previous investment from BGF in 2022, while CPP exits the company

Untangling Pillar 2 implications

Pillar 2 may not mean more tax for most GPs but it could be a compliance headache

ILPA appoints inaugural general counsel

Appointment comes amid association’s legal battle with PE trade bodies regarding preferential treatment under SEC’s Private Fund Rules

Alkymi forms pack with Lionpoint

Partnership aims to assist mutual clients with digital transformation

Seven out of 10 fund managers received AML fines in last two years

Ocorian’s latest survey finds alternative investment firms concerned about increasing AML risks

Profile: Sally Beh, ACE & Company

Shares some key management tips she has adopted after 11 years at the firm

5 minutes with… Matias Collan, CEO and managing director of ACE Alternatives

The founder of the German-based tech-focused fund admin business discusses the firm’s approach to addressing industry pain points

Qashqade and Entrilia integrate

Qashqade waterfall calculations can run through Entrilia's fund accounting platform

Carta and Merge combine

The partnership aims to enhance equity management processes

Borne but not raised

A tight fundraising and deal-doing environment has GPs pondering how to structure aborted deal costs

Ogier expands Luxembourg fund finance team

Delphine Gomes is a banking and finance counsel with experience in fund, leveraged and real estate financing

ESG: The fund-of-funds perspective

Once removed from the underlying portfolio, this type of LP is focused on private equity’s journey rather than instant compliance

Palmer launches in Madrid

Fund administrator led by ex-Sanne execs expands its European presence

Ocorian acquires Bovill

Fund administrator adds regulatory consultancy firm into its compliance offering

Apollo appoints ESG counsel

Previously a legal secondee at the firm, Angus Brown joins from Simmons & Simmons

ESG ratings providers to comply with transparency requirements

The European Commission and Parliament have reached a provisional agreement on how ESMA can supervise these entities

Comment: Court controversy

Matthew Pincus, international counsel at Debevoise & Plimpton, warns that a recent court decision increases risk for non-US funds active in the US

Proskauer adds private funds partner in London

Fund formation specialist for credit strategies, James Oussedik, joins from Sidley Austin

Ontra further builds on GPT-4 functionality

Company aims to accelerate expansion into more document types and launch additional features

LeadingMile partners with Qashqade

The partnership aims to increase European GP access to automated waterfall calculations and cap-table monitoring

What the AI?!... Tamarix Technologies

Founder of the data and analytics platform for LPs, Andrea Carnelli Dompé, discusses managing confidential information and AI hallucinations

Sweet sorrow

The alluring attraction of semi-liquid strategies brings with it a cautionary 
tale of liquidity (mis)management

Robin AI launches contract defined-term checker

The additional feature means contract terms can be automatically verified and located within a document