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Outsourcing

KPMG joins campaign for reporting taxonomy

KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)

Northern Trust extends capabilities in Switzerland

The firm received regulatory approval to provide custodian, depositary, transfer agency and ancillary services in Switzerland

Alter Domus launches Irish AIFM

Alter Domus has acquired Beechbrook Capital’s Irish AIFM and received authorisation from the Central Bank of Ireland for specialised depositary services

CFOs prioritise cost reductions

Aztec's latest report found 23% of PE CFO/COOs said their main focus this year is to reduce operating costs

INDOS hires head of AML

Clay Dupuy is responsible for the teams which provide AML officers to funds domiciled in Ireland, Luxembourg and the Cayman Islands

Investec’s Mansy joins Macquarie

Investec is winding down its operations in Australia to focus on the UK and South Africa

Cinven ups bid for Sanne to £1.42bn

Cinven increased its offer by 13% on Sanne’s last closing price before the latest announcement

HSBC’s King joins RBS International

Neal King will oversee new business from NatWest’s trustee and depositary services traditional fund management clients

Drawbridge launches cyber risk module for PE

The module provides PE funds with a single view to monitor the cyber risk profiles of their portfolio companies in real-time

New horizons: Carbon pricing

Professor Gianfranco Gianfrate, Climate Finance Lead and Professor of Finance at the EDHEC-Risk Institute, says carbon pricing is happening and managers need to prepare

Private equity must address climate change risk

“Climate change presents unprecedented business opportunities for the industry in addition to risks”

MJ Hudson’s Brozyniak joins Charles Russell Speechlys

She joined from MJ Hudson where she spent the last four years, most recently as partner

JP Morgan’s Hughes joins Ocorian

He joined from JP Morgan where he was managing director & global head of custody for the last four years

CSC buys PEF Services

The acquisition has accelerated CSC’s fund services growth plans in the US, as well as added expertise and a robust tech platform to CSC’s suite of solutions

Allvue partners with Lionpoint

This partnership enables Allvue’s clients to tap into Lionpoint’s strategic advisory, operating model optimisation, tech road mapping and solution selection as well as systems integration services

Apex buys BRL Trust Investimentos

Founded in 2005, BRL Trust provides fiduciary services, administration, management, custody (and representation for foreign investors), controlling and registrar of investment funds to clients

Clifford Chance’s Lilley joins Mayer Brown

He joined from Clifford Chance, where he spent the last 15 years, most recently as a director of funds and infrastructure financing within the banking and finance team

Addleshaw’s Powling joins DLA Piper

He practices across various sectors with a particular focus on private equity and real estate

Waterland closes €500m ESG-linked bridge loan

"We are rapidly moving towards a world wherein all finance is linked to sustainability in one way or another"

Be an architect (not a gardener)

Launching credit strategies is back in vogue, but this time around careful consideration is needed when it comes to designing and scaling operations

5 minutes with… Simon Page, Hawksford

"We’ve had the benefit of learning from the mistakes other firms have made."

Aztec opens US office

The new office specialises in fund and corporate accounting and administration for PE, VC, private debt, infrastructure, and RE sectors

Linklaters launches side letter automation tool

The tool extracts and groups similar provisions and merges duplicate clauses while increasing efficiency during investor negotiations

Cadwalader’s Cross joins Addleshaw Goddard

Cross joins from Cadwalader, Wickersham & Taft where he was part of setting up the law firm’s fund finance practice in Europe

Nordic Capital secures ESG-linked facility

The revolving facility is linked to Nordic Capital Fund X, which closed on €6.1bn in October 2020

Accelex secures $5m

The funding round was co-led by Illuminate Financial and AlbionVC, both of which will join the firm’s board of directors

Crestbridge’s Bird joins Argentex

He focuses on FX execution and hedging strategies for clients across PE, corporate, RE, insurance and infrastructure

Caceis appoints head of depositary services

Sam Maybrey joined from JP Morgan where he was vice president for the last 11 years

Comment: Managing privacy concerns surrounding FATCA and CRS compliance

Ed Harris, Louise Crawford and Adela Komorowska of Hogan Lovells examine the friction between enhanced transparency among tax authorities and the right to privacy

Alpha FMC buys Lionpoint in $90m deal

Lionpoint was previously backed by Blackstone, which made a minority investment in February 2019

CSC secures Irish depositary licence

The firm received its Irish fund administration licence last year

Apex acquires Tzur Management

The deal marks the fund administrator's expansion into Israel

KKR acquires ERM

KKR’s Core Investments strategy acquired the majority stake from Omers Private Equity

In conversation: Cyber security, an ESG concern

A recent webinar discussion explored the treatment of cyber security as an ESG practice

Sanne declines Cinven’s £1.35bn offer

Takeover bid highlights strong appetite for fund administrator take-privates

Debevoise promotes Dickman to partner

He advises on the formation, management and reorganisation of private investment funds

AlpInvest secures ESG-linked sub-line

ABN AMRO arranged the facility while Rabobank acted as sustainability co-ordinator

IQ-EQ’s Davies joins Centaur

Davies will support Centaur’s private equity client and define the firm’s PE strategy and business development plans

Ultimus hires Anduiza

He is responsible for growing revenue of the private fund administration business

5 minutes with… James Tedman, ACA Aponix

Tedman discusses the biggest cyber security changes in PE in the last five years, the firm’s ACA Protect and PortCo Defend products, and what’s in store for the next 12 months

Crestbridge’s Newton joins LGL

He is responsible for the leadership, strategic growth and operations of LGL’s Jersey business

WATCH: What do LPs do with all the data?

A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information

5 minutes with…  Robin de Gruchy-Wilson, Oakbridge Fund Services

The co-founder & managing director discusses the firm’s key focuses, how it secured backing from ED Group as well as technology and platforms it currently uses

HWM acquires Koger

The deal has been backed by Lovell Minnick Partners, a financial services and tech-focused PE firm

Digital transformation still in early stages

According to RFA only 10% of firms have completed their digital transformations, while 34% are in the decision making stage

LISTEN: Do we even need standardisation? Episode 2

The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?

Domicile watch: April 2021

Key takeaways from the major PE domiciles: including JFSC's concerns in JPF service provision, Guernsey's updated PIF rules and Cyprus' growing funds industry

Raft of hires for Ocorian

The firm hired Andrew Stewart, Natasha Head, Vivienne Fitzpatrick, William Turmann and Chris Mayfield as business development directors

Addleshaw promotes Grüter to partner

He advises clients on fund establishment and structuring, product distribution and marketing, investment management negotiation and regulatory change implementation

Right-sourcing

A year of remote working has catalysed already changing attitudes when it comes to recruitment versus outsourcing

Goodwin hires London tax partner

David Irvine joins from Kirkland & Ellis where he has been a partner for the last two years

FundRock launches EU distribution service

The operation aim to support US, UK, Asia and other third country asset managers distributing funds across the EU.

LISTEN: Do we even need standardisation? Episode 1

A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?

Finding a digital edge: how to approach digital transformation

George Ralph of RFA breaks down approaches to digital transformation within private equity operations, and highlights the importance of an effective data strategy

WATCH: Cybersecurity, and ESG concern

Cybersecurity is a matter of good governance, as well as reputation and risk management - putting it at the heart of ESG practices

5 minutes with… Charlie Jolly, RSM

The head of private equity discusses how RSM supports GP fund restructurings; the importance of valuations, and the latest innovations within the process

Double hire for Carey Olsen’s Guernsey corporate practice

Tracey Powell has been named senior associate, while Daniel Long has been appointed as associate

TMF Group buys Venture Back Office

VBO provides fund admin, investor services, as well as portfolio management solutions to PE, real assets, credit and emerging manager funds

Agile fund management

The major advantage of setting up something fresh is having a clean slate with the ability to adopt the latest learnings and technologies. This is exactly what fund administrator Highvern did when it set up its processes and ways of working

Sanne acquires STRAIT

STRAIT provides fund administration, financial oversight and regulatory compliance services for PE, FoF, SPVs, family offices, hedge funds and other investment vehicles