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Outsourcing

Apex acquires Brazilian administrator

Banco Modal’s MAF claims to be one Brazil's largest alternative fund admins, with nearly BRL70bn of assets under administration and custody

Intertrust launches Ironstone Directors

The boutique service provider offers independent directorship services and governance solutions to fund managers

Fund managers fall short on governance

A large number of previously authorised fund managers have failed to implement the governance framework set out by the Central Bank of Ireland

DAC6: what it means for LPs

Natalie Psaila, counsel in the London Tax Group at Hogan Lovells, details the circumstances in which the DAC6 rules are most likely to be relevant to investors in private equity funds

WATCH: Technology…and how it’s shaping the operating models of tomorrow

The pandemic has been a catalyst for digital transformation, but there are major challenges still to face

Tully Rinckey hires Dublin partner

Malachy Kearney joins from Irish law firm Beauchamps, where he was head of investment funds

Comment: Can public subsidy and private equity co-exist?

Covid-19 has thrown the industry into an unwanted spotlight - and now the taxman cometh

Apex purchases FundRock

FundRock is an independent UCITS ManCo and AIFM and claims to be the largest third-party manager of UCITS funds in Luxembourg

Mainstream promotes two

Barbara Purcell and Angela Nightingale are CEOs of Mainstream Fund Services Ireland and Cayman, respectively

BEPS 2.0 up for public consultation

The blueprints for the approach reflect convergent views on key policy features, principles and parameters for a future agreement

MJ Hudson buys Bridge Group

The fund admin offers regs compliance, domiciliation and risk services as well as super ManCo services to UCITS and AIFMs

5 minutes with… Paris Jordan, Murano Consulting

Murano Consulting’s head discusses why the consultancy arm was set up, what differentiates Murano from placement agents and why ESG is an influencing factor in fundraising

WATCH: No place like home: finding the right fund domicile

Predictability, reliability and quality are key components, according to our expert panel

5 minutes with… Nicholas d’Adhemar, Apperio

The CEO and founder discusses why he created the platform, the ways in which Apperio assists PE CFOs/COOs and what’s next in terms of expansion

Held to account: why is it so hard for PE to open bank accounts

GPs are waiting up to nine months to open SPV accounts, and its easy to see why

Ocorian’s Layzell joins The ID Register as chair

He will help to guide and nurture the business as it invests strongly in tech, regs, international expansion and in its alliance relationships

TMF Group acquires Selectra

Selectra is a regulated independent ManCo based in Luxembourg

Throgmorton expands into Australia

The firm now offers is its tax compliance, accounting, HR, payroll and company secretarial services in Australia via offices in Sydney and Melbourne

Private equity’s return to work

Taylor Wessing partners Emma Danks and Helen Farr outline the key litigation risks of returning to the office

MJ Hudson’s Shameli joins Reed Smith

His practice includes advising fund managers on structuring, establishing and operating private investment funds, co-investment funds and carried interest, on an international scale

5 minutes with…Tuomas Saarinen, Apollonian

We caught up with independent valuation provider Apollonian’s co-founder and chair Tuomas Saarinen to find out how the company came about and the importance of valuing intangible assets.

Ocorian acquires Newgate Compliance

The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.

LemonTree creates advisory board

Mahmoud Warriah is advisor for accounting and Toby Norfolk-Thompson is advisor for banking and tax

Wheelhouse appoints non-exec chair to leadership team

Mark Humphries said he was attracted to the role because of the deep subject matter expertise the firm operates in

Take back control

In a bid for more control, GPs have been asking fund administrators to work on their own systems, rather than the administrator's

The ID Register spins out of Apex

Initially backed by Ipes, the Guernsey-based business is a clearinghouse for KYC and investor onboarding

5 minutes with… Mohith Sondhi, OakNorth Bank

The senior director of debt finance explains why the bank is branching out into fund finance, what differentiates OakNorth from other players already in this space and how Covid-19 has opened up new opportunities

Centaur creates group CFO role

Louise Lawlor from Key Capital, where she was associate director of corporate finance

Apex expands to Middle East

The firm has acquired UAE-based compliance and risk advisory firm Praesidium Advisory

Rochford launches in the UK

Treasury management provider Rochford Capital expands from Australian roots to the UK

KPMG Luxembourg names new sector leads

Chrystelle Veeckmans is head of asset management and Christophe Diricks is head of alternative investments

Lysak joins Simpson Thacher

He joins from Clifford Chance, where he had been a partner in the firm’s financial regulatory group since 2017

Comment: Cross-border marketing of funds

Richard Small, partner of Addleshaw Goddard, deciphers increasing complexities around crossborder marketing rules

EDB receives FCA approval

The authorisation follows last year’s approvals from regulators in Malta and Ireland

5 minutes with… Nick Bland, Ocorian

The head of UK client services discusses his move from Deutsche Bank to Ocorian and his thoughts on the fund administration consolidation trend

Murano launches consultancy division

Murano Consulting offers competitor analysis, investment strategy audits and other bespoke client services

McGuireWoods names Mayhew as London partner

She joins from DLA Piper, where she was a senior finance lawyer

Sanne names global head of private debt

Keith Miller is responsible for providing guidance and support in building the private debt and loan agency product offering

Crestbridge appoints BD associate director

Bird is responsible for growth, client acquisition and business development, focusing on mid-cap PE and VC firms

A true alternative

From alternative law firm to publicly listed full-suite asset management consultancy, MJ Hudson has had an outstanding decade

Ferguson appointed as co-head of Throgmorton Compliance Solutions

She will work alongside previously announced co-head Mel Scotland to lead the business

Mainstream expands into APAC

Expansion follows signing of new client, Korea Development Bank Asia

Profile: John Eggleston, Pantheon

The chief technology officer discusses his approach to upgrading the firm’s IT infrastructure, the importance of cybersecurity awareness training and why you should always start with data during tech transformations

Intertrust hires MD of Luxembourg

Nick Maton is responsible for the leadership and growth of the Luxembourg team

Sudrania expands in Singapore

The expansion enables the firm to introduce its services to clients looking to use the country’s recently passed VCC fund structure legislation

Exclusive: InCloudCounsel opens in Hong Kong

Founder and CEO Troy Pospisil said expansion was driven by responding to global clients' needs

Intertrust acquires Sameer Mittal & Associates

Sameer Mittal & Associates provides administrative services to private equity and fund clients

Simon Witney joins Travers Smith

He joins from Debevoise & Plimpton where he has been special counsel since 2017

IQ-EQ buys Conseil Expertise & Synthese

The independent firm offers accounting, tax, payroll and corporate secretarial services to fund managers, entrepreneurs, corporates and HNWIs

Avega launches AIFM business

ACM aims to “shake up the fund industry and bring a new approach to alternative investments”

LISTEN: MUFG’s Mike Dickey on ESG reporting

Alice Murray talks to Mike Dickey, head of product at MUFG Investor Services, about the data flow of ESG information between GP and LP

Comment: Compliance and ESG - Overhead or value-driver?

The crisis will likely bring about more stringent financial and environmental regulations; cutting compliance and ESG resources could bear greater costs, warns Robin Lööf and Edoardo Troina at Debevoise & Plimpton

Comment: Navigating capital calls

Lydia Danon and Shelley Drenth of law firm Cooke, Young and Keidan, outline practical steps PE firms ought to be taking to mitigate potential capital call conflicts

UK GPs spend $8.6m on legals annually

A new report has revealed how much private equity firms are spending on external legal counsel

Profile: Peter Finden Bamrud, Verdane

The head of analytics discusses joining PE straight out of uni, the biggest challenges the industry faces and the importance of harnessing data correctly

Sanne strengthens Dutch division

Sanne has appointed Aslan Ozdemir as associate director

Comment: Why PE firms should consider hedging management fees

Lee McDarby of moneycorp says GPs ought to be thinking about hedging management fees as market turbulence looks set to continue

LISTEN: MUFG’s Mike Dickey on steadying the partnership

Alice Murray talks to Mike Dickey, head of product at MUFG Investor Services, about how GPs are managing their third party relationships and focusing on increased oversight efforts

Apex launches ESG portal

The cloud-based platform collects relevant data for investors about their portfolio investments so they can deliver real time ESG analysis

Demand for fund administrators strengthens

Nearly as many new fund administration relationships have been formed in 2020 as in all of 2019