Outsourcing
6 August 2020
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
4 August 2020
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
31 July 2020
JFSC to develop shared KYC tool
The shared tool enables users to verify customers’ identities
30 July 2020
RFA launches managed data services
Cloud, cybersecurity and digital transformation specialist RFA has launched its managed data services platform
30 July 2020
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
29 July 2020
Temenos launches AI tool for fund admins
The firm claims it is the first to launch a software of this kind
28 July 2020
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
27 July 2020
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
23 July 2020
Highvern promotes three
Julie Gallon, Emma Syvret and Sam Allen have been promoted within the firm's funds and private clients teams
23 July 2020
Steadying the ship
Can a solid operating platform provide much needed certainty in an increasingly uncertain world?
22 July 2020
Maples Group partners with IHS Markit
The partnership allows data on credit activity to automatically integrate into Maples’ accounting system
21 July 2020
MUFG selects Broadridge’s loan tracking tech
Partnership comes off the back of strong growth in the private debt, credit and direct lending market
17 July 2020
Carried interest at risk of tax hike
The UK government has launched an investigation into the capital gains tax system
16 July 2020
Post Brexit rules come to light
The FCA announced replacement rules for investment firms, namely a new prudential regime that may hit PE houses
15 July 2020
ACA Compliance secures $40m investment
Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018
15 July 2020
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
14 July 2020
DMS Group acquires Oligo
The acquisition enhances DMS’ European product offering to provide Swiss fund services and bespoke solutions to clients
13 July 2020
Lobbardi launches Avardi Partners
Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners
9 July 2020
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
9 July 2020
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
9 July 2020
LP expert Graye joins forces with qashqade
LP expert and industry advocate Lorelei Graye joins qashqade’s executive advisory
6 July 2020
Equiom buys Borean
The acquisition is part of Equiom’s wider strategy to increase its services for asset managers in tier 1 jurisdictions
3 July 2020
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
2 July 2020
PwC promotes Cairns to partner
As partner, Christine Cairns will continue her role as head of private clients in alternative investment funds
2 July 2020
Apex hires two in Luxembourg
Apex Group has named Frederic Bilas as Luxembourg COO and Kris Allen as global head of client onboarding
2 July 2020
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
30 June 2020
eVestment partners with Assette for data integration project
The partnership aims to improve asset managers' data integration into client and sales communications
26 June 2020
Gen II appoints two Luxembourg board members
Martin Dobbins and Chris Edge are the newest members of its Luxembourg board of directors
25 June 2020
Apperio expands into US
The legal technology provider is initially targeting corporate enterprises with $5m or greater legal spend and PE firms
25 June 2020
AcordIQ launches waterfall validation service
The platform aims to help GPs by providing them with independent verification on waterfall calculations
25 June 2020
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
24 June 2020
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
15 June 2020
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?
15 June 2020
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
11 June 2020
Aztec appoints Purves as non-executive director
In her new position, Purves will take active roles in Aztec’s risk and audit committees.
11 June 2020
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
11 June 2020
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"
10 June 2020
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
8 June 2020
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
8 June 2020
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
4 June 2020
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
4 June 2020
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
4 June 2020
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
1 June 2020
Debevoise opens Luxembourg office
It will assist PE clients with establishing funds and related regulatory matters
1 June 2020
Aztec appoints Devine in Luxembourg
She will oversee operations, client relationship management, controls, processes and reporting procedures for clients services
1 June 2020
Apex CRO departs
Founder and CEO Peter Hughes has taken on Apex’s revenue management responsibilities on an interim basis
29 May 2020
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%
27 May 2020
Tax consultancy Wheelhouse launches
The London-based firm provides management, regulatory reporting, accounting, tax, HR consultancy and outsourcing solutions
22 May 2020
Aztec appoints two in Luxembourg
James Vella-Bamber has been named group head of private debt while Peter Brown is head of private debt
21 May 2020
PE under cyber attack
As cyber attacks become more frequent and more sophisticated, are private equity firms doing enough to protect themselves?
21 May 2020
Rising LPA amendments
With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments
18 May 2020
Alabaster joins Ropes & Gray
He joins from Linklaters where he was a partner for six years.
18 May 2020
WGAM invests in Validus
WGAM believes Validus is well-positioned to respond to growing needs of managing operational risks
18 May 2020
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
15 May 2020
JTC opens Dublin office
Ronan Reilly and Imran Khan have been hired as MD and director, respectively, to lead the office
15 May 2020
Ocorian makes leadership team appointment
Melville Rodrigues has been hired to develop the firm's UK funds offering
13 May 2020
LGL makes double hire
Stephen McKenna is head of debt, while Zena Couppey has been named chief commercial officer
13 May 2020
Credit Suisse’s Zandona joins Apex
He is responsible for the continued growth of Apex’s Luxembourg offering
13 May 2020
Aztec names real assets head Jersey
Richard Anthony will continue to oversee outsourcing activities while assisting with the firm’s overall business development