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Outsourcing

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

Profile: Stella Morse, Inverleith

The CFO discusses joining the private equity firm from the consumer world, what she thinks of the latest ESG regulations and setting up Inverleith's first institutional fund

CDP aims to standardise environmental data

It aims to increase disclosure from private companies, which have previously avoided scrutiny on environmental issues and pressure to decarbonise

Suntera acquires NeoTrust

NeoTrust provides bespoke fund and corporate services to PE and RE, institutional clients, large and mid-sized firms as well as HNWIs

EFA adopts NeoXam

NeoXam’s Impress platform covers the full reporting process

Mainstream adopts Harmonate

The partnership enables Mainstream to automate private capital data operations

Waystone partners with The ID Register

The partnership provides Cayman funds with an AML/KYC and onboarding solution

Carlyle secures €2.3bn ESG-linked facility

Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training

Great techspectations

As private capital market tech solutions grow in number and functionality; how aligned are GPs internally when it comes to their expectations of technology systems?

Citco opens Hyderabad office

The new office provides fund servicing, banking as well as technology support functions

Arthur Cox’s Garrett joins Reed Smith

Garrett’s practice focuses on cross-border finance and corporate transactions, formal and informal insolvency procedures, restructuring and workouts

Get ready for the new investment firms prudential regime

PE houses must familiarise themselves with the new requirements and ensure their forecasting practices are up to standard, writes Karen Allan of Haysmacintyre

Zedra appoints two

Charles-Alexandre Houillon has been named director of fund management services, while Murjel Breedveld Jagesser is client director, both in Luxembourg

Law school: litigation funds

Litigation funds are fast-becoming a fundamental part of the global justice system. While the 'assets' they manage differ greatly to those of traditional private capital funds, the way in which they operate is almost identical.

Suntera acquires Reference

Reference provides central and corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation services

Ogier launches ESG compliance tool

The tool aims to help fund managers get up to speed with ESG themes, terminology, regulatory requirements as well as climate-related risk in portfolio management

Livingbridge’s Conway joins Crowe

Jono Clare has been named as the GP's new head of tax

Holland Mountain expands to US

“It was a logical next step to establish a permanent base of operations in the US to service our growing client base”

5 minutes with… Neil Carnegie, Carnegie Fund Services

"While other fund administrators might get caught up in the consolidation trend, we’ve never made an acquisition. We’ve been asked to sell, but so far we’ve resisted."

Crestbridge granted Irish licence

The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland

Wheelhouse partners with RFA

The partnership aims to help investment firms with specific reporting and compliance requirements

Apex buys ASR

ASR provides Swiss representation and distribution services to foreign fund managers, which seek to market their funds in Switzerland

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

Apex buys GCG

California-based GCG provides services to private equity and venture capital funds as well as technology companies

Dentons’ Craig joins Paul Hastings

Ted Craig joined from Dentons where he was partner, head of the private funds practice in the UK

TowerBrook invests in EisnerAmper

EisnerAmper provides comprehensive audit, accounting, advisory, consulting and tax services as well as analytical insights to clients

Apex bids £1.5bn for Sanne

The all cash offer saw Apex bid 920 pence per share for Sanne

Gen II buys Stone Pine

Stone Pine provides private equity fund administration, tax and investor services to various PE fund structures

Sanne buys PraxisIFM’s fund admin

PraxisIFM has sold the business to focus on developing its core divisions of private wealth and corporate services and pension administration

ICG secures €1.45bn ESG-linked sub-line

Facility was provided by Standard Chartered Bank, BNP Paribas, ANZ Banking Group, ING Bank, and Royal Bank of Canada

TMF Group’s White joins Oakbridge

John White is responsible for overseeing compliance at both Oakbridge Funds and The ED Group

MJ Hudson buys Guernsey-based Saffery Champness

Deal values Saffery Champness Fund Services (SCFS) at £2.8m

Comment: Navigating through the storm: An evolution in fund finance

Leon Stephenson and Colin Baker of Reed Smith outline the various uses and advantages of NAV facilities

IQ-EQ buys Ireland’s DGFM

Acquisition follows launch of a dedicated funds service segment in Ireland in March

Profile: Feizal Moossa, Adenia Partners

The chief risk officer discusses the importance of his role within private equity, how his responsibilities have evolved since joining Adenia in 2003 as well as operating without an in-house legal team

State Street acquires Mercatus

Acquisition connected to launch of front-to-back, full-suite investment management platform

Stephenson Harwood promotes de Ste Croix to partner

She focuses on fund formation, GP-led secondaries, LP portfolio sales and complex fund-related transactions, including GP removals

ELTIFs revisited

The ELTIF structure was so unpopular that the European Commission put it under review. However, a recent spate of new launches means the regulator could have been too hasty.

Carlyle and Mubadala invest in Apex

Fresh capital comes just one month since TA Associates acquired a significant minority in the fund administrator

Simpson Thacher’s Fox joins Kirkland & Ellis

Amy Fox advises private equity clients on the organisation and operation of European, Asian and global large-cap funds

Suntera appoints Jersey head of funds

Ryan Taylor has overall responsibility for developing and managing the new fund administration team in the jurisdiction and growing its client base

Apex buys Germany’s mola-administration

Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds

You can’t stand under my umbrella

The Greensill scandal has thrown light on umbrella structures, which are now under review by the FCA - what could this mean for private equity?

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Lack of standardisation biggest threat to ESG

“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”

Northern Trust launches ML document capture

The machine learning document capture tool marks the launch of a series of releases aimed at digitising alternative asset servicing

Sanne promotes Fowler to global head of PE

He takes over from Oliver Morris, who has recently left the firm to join TDR Capital as head of fund operations

Apex buys Mainstream for AUD$415m

The deal marks a 133% increase on the original bid

Suntera granted Jersey licence

The licence enables the firm to support PE, VC, RE and other alternative fund managers with a full range of admin services from Jersey

A guide to Germany’s new pre-marketing rules

New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist

Drawbridge appoints COO

Scott DePetris will drive the firm’s global strategy and business operations

Ocorian buys Nordic Trustee

The firm focuses on the Nordic bond market, facilitating issuers access to capital, as well as monitoring and securing bondholders' rights

MJ Hudson acquires Clarus Risk

The fintech risk management and reporting automation specialist services alternative asset fund managers and investors

All aboard

Setting up a new fund comes with all manner of challenges and complexities; Highvern aims to take the pain out of onboarding with your fund administrator

FCA proposes climate-related disclosures

The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms