Comment: Who’s afraid of the US tax system?

James Debate, corporate senior tax manager at USTAXFS, explains how European PE firms can unpick the US tax system to win over US pension fund investors

Roschier expands finance and restructuring team

Björn Hård af Segerstad joins the law firm as counsel for financial regulation

MUFG IS anchors in Malaysia

New office to provide full-service offering across fund accounting, administration and asset servicing

Quantium partners with Microsoft Azure

Investment management software stores data and has built its investor portal on Microsoft’s cloud computing platform

Praxio appoints head of banking and finance

Pinsent Masons fund finance director Michael Mbayi joins Luxembourg law firm

Trigger warning

As valuations come under greater scrutiny, GPs must carefully consider the triggers for valuation challenges under the terms of their NAV facilities

Kroll launches risk assessment tool

Offering includes portfolio monitoring and diligence, streamlined data collection and benchmarking

Bite Investments launches wealth management feature

Company’s platform to connect asset managers with wealth managers to facilitate fundraising

Carbon Accounting Alliance launches

Group of 35 organisations represents emissions of 24,000 companies

Home game Sweden

A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds

Profile: Martim Avillez, Limerston Capital

The COO and founding partner discusses setting up the firm’s operations, combining them with his investment duties and navigating difficult times

JTC acquires Blackheath

Fund administrator expands its ManCo services for UK-based funds

Magic ID secures €350k

KYC startup aims to use the funding to launch its range of ID verification tools in the UK and the EU

Southern Europe: Structures to suit all tastes

Variety is indeed the spice of life when it comes to fund 
domiciles across Southern Europe

Lunate and BNY Mellon invest in Alpheya

Company to develop wealth management platform for wealth and asset managers

SimCorp launches investment analytics platform

Offering to be rolled out over multiple launches; performance analytics attribution marks commencement

SEI acquires National Pensions Trust

Companies cite consolidation as a driving force for an increasingly strong market position

Cayman Islands removed from FATF’s grey list

Effective prosecution of financial crimes was key element to de-list but domicile stays on EU’s AML blacklist

Crossbreed funds

How PE is shedding its ‘illiquid’ skin and creating hybrid funds to access the private wealth market

Comment: Pillar Two ex post

Asset managers need to carefully consider the implications of Luxembourg’s proposed implementation of the OECD’s Pillar Two rules, argue Bastien Voisin, Yann Ricard and Olha Polishchuk of Goodwin

Hawksford acquires Paradigm

The fund administrator is expanding to the Cayman Islands

Carta launches waterfall calculation tool

Company aims to support with LP reporting, M&A deal impact and equity value estimations

There and back again

Matthias Plötz reports on the success or otherwise of German GPs´ Luxembourg holidays

Firm identity

A tight fundraising environment and ESG fund naming conventions warrant a closer look at the names of private equity entities, writes Matthias Plötz

Apperio’s CEO steps down

Founder Nicholas d’Adhemar created the company in 2013 to improve the management of legal costs for PE firm in-house legal teams

Comply launches software and annual review service

Company aims to support chief compliance officers with growing regulatory demands

StepStone launches intelligence platform

Tool to provide research, reporting, portfolio optimisation and benchmarking across private markets

Ontra integrates GPT-4

The large language model will be incorporated into the firm’s AI engine Ontra Synapse

LISTEN: Tick-tock. Time to tokenise?

Tokenisation use cases for private markets

Filament Syfter teams up with Valu8

Partnership aims to enhance Filament Syfter’s offering with Valu8’s data repositories

Ad hoc portfolio reporting to be expected in the next three years

GPs and LPs are forecasting increased reporting functionalities within private markets, according to CSC’s latest report

Unrealised potential

The ILP has not yet led to a surge in funds being domiciled in Ireland, writes Jon Whiteaker

AirFund secures €6m

Digital fundraising platform forms partnerships with Amundi, Indosuez Wealth Management and Fund Channel


As the EU concludes technical discussions around the AIFMD review, The Drawdown takes stock

Must NAVs

The benefits and risks of NAV financing in a liquidity drought

Island appeal

The Channel Islands have established strong reputations 
as domiciles and intend to keep them

ESMA prioritises cyber risks

Digital resilience, including cybersecurity risk management, will be a key priority for the Authority

The digital CFO

While most CFOs would protest at the idea of their entire role being outsourced, an example of a plug-in CFO service is the upcoming launch of Corvus Group. Is it time to outsource the CFO entirely?

TotemVC launches AI Insights

Software extracts information from emails and attachments to provide portfolio company insights

Balentic launches Orca

Platform to facilitate fund formation and capital allocation, available to GPs, LPs and placement agents

Canoe has launched Canoe Pro

Offering to combine company’s tech solutions with specialised service provider support

Alpha Group appoints head of lender engagement

Ex-NatWest Markets, Benjamin James, to head up company’s lender relationships and oversee product development

Altvia partners with Dakota

Partnership aims to accelerate fundraising with enhanced data insights

Wheels in motion

The UK is working hard to restore its attractiveness as a domicile post-Brexit but it’s not there yet

Arch secures $20m

The funding aims to enhance the private investment management platform’s service offering, which includes tax document management, among other workflow solutions

Driftwood Climate comes ashore

Boutique consulting firm to advise on climate strategy, decarbonisation and climate impact

Comment: Burden of proof

Amelia Stawpert and Alex Jones of Hogan Lovells analyse the impact of the ECCTA on UK limited partnerships

Ropes & Gray’s Emily Brown joins White & Case

Brown joins as a partner in the law firm’s global M&A and PE industry group

Carta launches fund tax tool

Fund admin aims to support with fund accounting and taxation, real-time allocation calculations and draft K-1s for LPs

Deus Group launches Murphy

Founder Varun Khullar walks The Drawdown through his merger-filing tool, which aims to support GPs and deal lawyers in their deal completion process and associated regulatory filings

Apex acquires Watermark

The fund administrator has infiltrated the Portuguese market

Investec launches GP advisory practice

Formerly with Eaton Partners, Stefano Manna is to head up the team

Raising the Liechtenstein flag

LGT’s Julien Ward and Bjoern Kogler explain the unique advantages of domiciling in Liechtenstein

Breaking the mould

Does Luxembourg deserve its position as the default domicile in Europe or should GPs be more willing to consider alternative jurisdictions?

Quest sets up shop in Barcelona

Director Michael Webb to head up placement agent’s offering in Spain

IQ-EQ expands to Abu Dhabi

New office marks company’s second launch in the Middle East, following its setup in Dubai earlier this year

Cascata partners with 4Pines

Partnership is the latest instalment in a series as Cascata teams up with various fund administrators

Dillon Eustace appoints two to asset management practice

Laura Goonan and Hannah Fenlon join as partners in the practice in Dublin

Ropes & Gray promotes Maj to counsel

The lawyer’s asset management team promotes Dorota Maj as one of 20 lawyers making the move to counsel across the firm

UK fund managers find manual processes biggest FX operational challenge

MilltechFX’s survey found UK GPs are investigating ways to automate FX processes to remove the manual burden