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Outsourcing

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

SimCorp enters South Africa

Local firms are seeking to scale and automate investment operations and move away from outdated, legacy systems

SS&C partners with FLX Distribution

The partnership enables asset managers to access fund services and distribution opportunities in one place

5 minutes with… Eve Ellis, Ropes & Gray

Financial services regulation specialist Eve Ellis outlines steps GPs need to take to maintain compliance, what regulators expect and key regulatory developments for 2020

Sanne acquires Inbhear

The deal is part of Sanne's move to strengthen its expertise in Dublin

DWF hires EY’s Gee to corporate practice

He will offer a full service to fund managers and clients including regulatory advice and transactions

The demo is in the detail

Sitting back and watching software demos might seem like a good idea right now, but in reality they require a lot of prep and careful consideration

Palatine-backed SMP buys RBC’s corporate services HK

As part of the deal, RBC’s clients and employees of this division will transfer to SMP

CSC expands fund services into Ireland

The firm was granted a licence to provide its offering there by the Central Bank of Ireland

More fund finance, secondaries, comms and PR

MJ Hudson's top predictions of trends expected to emerge following the crisis, including new forms of fund finance, recovering secondaries dealflow and better comms

Apex partners with Triple Point

Apex will use Triple Point's blockchain platform to connect its clients with buyers and sellers on the secondary market

Aztec promotes three in PE team

Matt Horton, Gavin Hayman and Alan Ross are part of the firm's PE leadership team

MUFG hires TMF’s Mas in Luxembourg

He is responsible for establishing the oversight model and the continued expansion of the firm’s private equity and real assets operations in Luxembourg

Comment: Career goals

Nic Müller of KPMG Luxembourg asks if it's time to change the service provider to GP career path

Apex expands Throgmorton into Jersey

This is the second of a number of geographic expansions planned for the brand.

Ocorian acquires Allegro

The deal furthers Ocorian’s fund admin offering across all investment structures and specialisms including green energy, listed and private funds

Harrison joins DWF’s fund finance practice

He joins from law firm CMS, where he was a partner in the firm’s finance group for eight years and focused on debt finance

Comment: Private equity lawyers: The new investment bankers?

Ann-Marie Goodbody and Seamus Hoar of Major, Lindsey & Africa discuss the war on PE talent in the legal market

Nothing to see here: LP defaults are fake news

Following reports of LP defaults, the Fund Finance Association (FFA) has released a statement on current market activity, as well as best practices.

Sanne promotes Bingham to CSO

He will help drive the firm’s organic growth strategy and the development of its client service proposition

Liquidity in lockdown: Lenders

How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?

How fund admins are supporting staff wellbeing amid WFH

Here are some examples of how fund admins are supporting their employees' wellbeing during this time

Citco launches tech platform for GCs

The platform aims to harmonise admin of global entities

WFH best practice: Life in lockdown

Consultants 3LDC return with their next instalment, this time looking at the longer term impacts of remote working and how to adapt processes

Reed Smith hires Hogan Lovells’ Gelpi

Baptiste worked at Hogan Lovells for 20 years and headed up the firm’s French debt capital markets practice

Time to bring in the (remote) experts

With private equity firms moving to remote working set ups, now is the time to bring in experts adept at this way of working

JTC acquires US fund admin NESF

The deal is part of JTC’s ongoing growth strategy, which includes developing its ICS business in the US

IQ-EQ launches investor solutions offering

IQ-EQ has launched an investor solutions offering, a real-time reporting tool named Cosmos

Vistra hires four from TMF

The new recruits expand the firm's PE capabilities as it plans to introduce additional PE services later this year

WFH best practice: Emergency response phase

Nick Murphy from consultancy 3LDC outlines the do's and don'ts for the first phase of working from home

New powers

The proliferation of fund financing products opens an unexpected path for CFOs to operate in a strategic and value-add manner

Hazard warning: valuations in the midst of volatility

Key considerations for valuing portfolio companies in current conditions

Apex launches digital banking platform

The solution processes and opens bank accounts without physical documents

SS&C acquires Captricity

Captricity is a machine learning solution that translates paper and handwritten documents into a digital format

C5’s Piennar on handling the pandemic

“We are seeing a surge in demand for cybersecurity services” - C5 Capital

Luxembourg adapts to temporary substance requirements

The jurisdiction enacted emergency legislation to protect investment funds and companies against the global pandemic

MUFG hires two directors

The firm hired Lizzy Buss as executive director of EMEA Sales and Cliodhna Murphy as executive director, product development

MJ Hudson acquires Meyler

US-based Meyler specialises in marketing services and analytics for alternative assets

Linklaters’ Wheater joins Debevoise

She joins as international counsel and member of the tax and private equity groups in London

Guernsey and Jersey adjust substance requirements

Guernsey and Jersey have collectively adjusted their requirements for economic substance amid the outbreak of Covid-19, to help reduce the spread of the virus

5 minutes with… Troy Pospisil, InCloudCounsel

InCloudCounsel founder and CEO Troy Pospisil discusses the advantages of digitising legal contracts

JTC acquires Sanne’s private client business

The £12m deal sees Sanne's team move into JTC's Jersey HQ

The Profile: Stephen Richmond, CFO Abris Capital

Stephen Richmond tracks his journey from investment director to CFO, and the nuances of operating funds in central and eastern Europe

Apex expands Throgmorton into US

Throgmorton, acquired by Apex in June 2019, provides tax, payroll HR and company secretarial services across the UK

Covid-19 and private equity

Everything private equity operational functions need to consider in the face of the global pandemic

PE faces tighter remuneration rules

Bank-style regulation continues to extend to private capital markets, says Linklaters

MUFG hires Feder for FX

The firm has also appointed Alberto Baptise in New York

Ashurst appoints PE head in Milan

Throughout his career, Fabio Niccoli has focused on the Italian mid-cap market