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Outsourcing

IQ-EQ appoints two in Amsterdam

Stefan de Kort has been hired as director of fund services while Laurens de Lange has been promoted to compliance leader for the Netherlands

Carbone joins DLA

He joins as a partner in the firm’s London corporate practice

Carey Olsen promotes two in corporate team

Michelle Falcucci and Nick Ghazi have been promoted to senior associates in the firm’s Bermuda and Jersey offices, respectively

JFSC to develop shared KYC tool

The shared tool enables users to verify customers’ identities

RFA launches managed data services

Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform

IQ-EQ’s Peru & Partners makes two senior hires

Peru & Partners was acquired by IQ-EQ in 2019, and is dedicated to servicing the French PE industry

Temenos launches AI tool for fund admins

The firm claims it is the first to launch a software of this kind

Intertrust hires three in Luxembourg

Allison Whaley has been named head of fund client service, while Matt Breuer and Derek Russell have both been hired as client directors

LIBOR limbo

While it might seem as though there’s plenty of time for managing the transition, if left too late, GPs will have to accept whatever replacement rate they’re given

Highvern promotes three

Julie Gallon, Emma Syvret and Sam Allen have been promoted within the firm's funds and private clients teams

Steadying the ship

Can a solid operating platform provide much needed certainty in an increasingly uncertain world?

Maples Group partners with IHS Markit

The partnership allows data on credit activity to automatically integrate into Maples’ accounting system

MUFG selects Broadridge’s loan tracking tech

Partnership comes off the back of strong growth in the private debt, credit and direct lending market

Carried interest at risk of tax hike

The UK government has launched an investigation into the capital gains tax system

Post Brexit rules come to light

The FCA announced replacement rules for investment firms, namely a new prudential regime that may hit PE houses

ACA Compliance secures $40m investment

Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018

Standish adopts Astrella

Standish Management will use Astrella's data to support LP reporting and communications, capital calls and distributions as well as partnership accounting

DMS Group acquires Oligo

The acquisition enhances DMS’ European product offering to provide Swiss fund services and bespoke solutions to clients

Lobbardi launches Avardi Partners

Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners

Aztec appoints two to PE team

The firm appointed Paul Watson as director and Alexandra Prince as associate director in the PE team in Jersey

Crestbridge’s Newton relocates to Luxembourg

The relocation extends Newton’s current role to lead the growth of the firm’s fund services offering in Luxembourg

LP expert Graye joins forces with qashqade

LP expert and industry advocate Lorelei Graye joins qashqade’s executive advisory

Equiom buys Borean

The acquisition is part of Equiom’s wider strategy to increase its services for asset managers in tier 1 jurisdictions

Saltgate promotes Morales to head of Jersey

She is responsible for managing and overseeing the delivery of the firm’s services to its Jersey clients

PwC promotes Cairns to partner

As partner, Christine Cairns will continue her role as head of private clients in alternative investment funds

Apex hires two in Luxembourg

Apex Group has named Frederic Bilas as Luxembourg COO and Kris Allen as global head of client onboarding

5 minutes with… Matthew Crisp, Wheelhouse

The CEO of Wheelhouse Advisors discusses the firm’s spinout from ACA Compliance and the key tax, regulatory and compliance developments PE firms need to be aware of

eVestment partners with Assette for data integration project

The partnership aims to improve asset managers' data integration into client and sales communications

Gen II appoints two Luxembourg board members

Martin Dobbins and Chris Edge are the newest members of its Luxembourg board of directors

Apperio expands into US

The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms

AcordIQ launches waterfall validation service

The platform aims to help GPs by providing them with independent verification on waterfall calculations

eVestment launches report building module

The Excel Report Builder enables GPs to recreate their clients’ report templates in the app by selecting the required data points and configurations

Sanne names Luxembourg BD director

Jens Grüneklee will assist the wider EMEA business development team in all new and existing business development at Sanne Group Luxembourg and LIS

Comment: Considerations for hiring tax talent

As the importance of having internal tax resources grows, what needs to be considered when hiring this type of talent?

LPs to sharpen focus on valuations

Coller Capital's Global Private Equity Barometer Summer 2020, found almost half (48%) of LPs require or will require their GPs to perform independent valuations

Aztec appoints Purves as non-executive director

In her new position, Purves will take active roles in Aztec’s risk and audit committees.

Comment: A decade of fund finance in Luxembourg

More competition plus an increasingly complex regulatory environment requires greater sophistication and specific LPA provisions, writes Wildgen's Michael Mbayi

EQT secures largest ESG-linked sub line

EQT's Therése Lennehag: "With this ESG-linked financing facility, we actively contribute to increasing the availability of high-quality ESG data, critical for the financial markets to be able to build a resilient and regenerative economy"

Cortland rebrands as Alter Domus

The enlarged group now counts $750bn of assets under administration, as well as 2,400 employees across 44 global offices

Apex expands Throgmorton in Switzerland

The new office provides accounting and tax compliance services, company secretarial and governance as well as payroll services to businesses operating locally

Special sauce

The Drawdown caught up with some of the UK's leading special situations investors to find out how they've been reacting to the crisis

5 minutes with… Frances McLeod, Forensic Risk Alliance

The founding partner of FRA discusses setting up the business and what it entails, reasons for having a PE investor and challenges to come post Covid-19

Ocorian names Bland as UK client services head

He is responsible for client service delivery to corporate and institutional clients, private clients, alternative investment funds and corporate trusts

ESMA proposes cloud outsourcing guidelines

The guidelines aim to mitigate any potential risks firms may face as a result of outsourcing cloud services and ensure they are handled appropriately

Debevoise opens Luxembourg office

It will assist PE clients with establishing funds and related regulatory matters

Aztec appoints Devine in Luxembourg

She will oversee operations, client relationship management, controls, processes and reporting procedures for clients services

Apex CRO departs

Founder and CEO Peter Hughes has taken on Apex’s revenue management responsibilities on an interim basis

Majority of fund managers expect significant Q1 NAV decrease

35.6% of respondents anticipate NAV reductions between 6% and 10%, while 17.8% expect a decrease of between 16% and 20%

Tax consultancy Wheelhouse launches

The London-based firm provides management, regulatory reporting, accounting, tax, HR consultancy and outsourcing solutions

Aztec appoints two in Luxembourg

James Vella-Bamber has been named group head of private debt while Peter Brown is head of private debt

PE under cyber attack

As cyber attacks become more frequent and more sophisticated, are private equity firms doing enough to protect themselves?

Rising LPA amendments

With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments

Alabaster joins Ropes & Gray

He joins from Linklaters where he was a partner for six years.

WGAM invests in Validus

WGAM believes Validus is well-positioned to respond to growing needs of managing operational risks

Colmore establishes ML and data team

Kamil Leoniuk and Lukasz Szczesiak to lead Colmore's new business unit focused on machine learning and data automation

JTC opens Dublin office

Ronan Reilly and Imran Khan have been hired as MD and director, respectively, to lead the office

Ocorian makes leadership team appointment

Melville Rodrigues has been hired to develop the firm's UK funds offering

LGL makes double hire

Stephen McKenna is head of debt, while Zena Couppey has been named chief commercial officer

Credit Suisse’s Zandona joins Apex

He is responsible for the continued growth of Apex’s Luxembourg offering

Aztec names real assets head Jersey

Richard Anthony will continue to oversee outsourcing activities while assisting with the firm’s overall business development