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Regs & Compliance

IPEM 2021: PE must embrace decarbonisation

Mathieu Chabran, co-founder of Tikehau Capital talks about decarbonising certain sectors and why those firms which only do it because they are forced to, will fail

ACA buys Catelas

The ML-based electronic communications (eComms) surveillance and investigations platform will integrate with ACA's regtech platform ComplianceAlpha

Standish expands to UK

Following authorisation from the FCA, the London office provides UK administration and depositary services

IPEM 2021: PE is ready

Claire Chabrier, president of France Invest discusses how the Covid pandemic has accelerated innovation, climate issues and social responsibility

SS&C launches ESG reporting solution

"We see the growing manager and investor demand to incorporate ESG metrics into client reporting at the manager and portfolio level."

Suntera acquires NeoTrust

NeoTrust provides bespoke fund and corporate services to PE and RE, institutional clients, large and mid-sized firms as well as HNWIs

Citco opens Hyderabad office

The new office provides fund servicing, banking as well as technology support functions

Get ready for the new investment firms prudential regime

PE houses must familiarise themselves with the new requirements and ensure their forecasting practices are up to standard, writes Karen Allan of Haysmacintyre

Domicile watch: August 2021

Key takeaways from the major PE domiciles: including the FCA's third consultation paper on UK IFPR, Guernsey's appointment of a strategic adviser for green and sustainable finance and Hong Kong's SFC amended fund manager code of conduct

Crestbridge granted Irish licence

The firm received regulatory approval from the Central Bank of Ireland to provide fund admin services in Ireland

2025: PE’s digital golden year

In 2025, structured data exchange will be the norm for fund managers as PE moves away from Excel. The Drawdown explores the tech solutions making that future a reality

Domicile watch: July 2021

Key takeaways from the major PE domiciles: including Denmark's ranking as most business-friendly domicile, increased fund fees for Jersey and Guernsey's proposal for increasing fees

IQ-EQ buys Ireland’s DGFM

Acquisition follows launch of a dedicated funds service segment in Ireland in March

Profile: Feizal Moossa, Adenia Partners

The chief risk officer discusses the importance of his role within private equity, how his responsibilities have evolved since joining Adenia in 2003 as well as operating without an in-house legal team

EU delays SFDR application date

SFDR application has moved from 1 January 2022 to 1 July 2022 to ensure a smooth implementation of the standards

Apex buys Germany’s mola-administration

Hamburg-headquartered mola-administration provides fund admin to PE, VC, debt, special situations and digital assets funds

You can’t stand under my umbrella

The Greensill scandal has thrown light on umbrella structures, which are now under review by the FCA - what could this mean for private equity?

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Lack of standardisation biggest threat to ESG

“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”

Apex buys Mainstream for AUD$415m

The deal marks a 133% increase on the original bid

Suntera granted Jersey licence

The licence enables the firm to support PE, VC, RE and other alternative fund managers with a full range of admin services from Jersey

A guide to Germany’s new pre-marketing rules

New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist

Domicile watch: June 2021

Key takeaways from the major PE domiciles: including Guernsey's updated code of corporate governance, Luxembourg's FAQ on MiFID application and Cyprus' new form related to cross-border activities

FCA proposes climate-related disclosures

The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms

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

KPMG joins campaign for reporting taxonomy

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

LPs increasingly concerned by tax and regulatory changes

43% of LPs identified regulatory changes as the greatest risk to PE returns

Investcorp delists

The GP will delist from the Bahrain Bourse and become a closed shareholding company

ESMA publishes guidelines on cross-border marketing

The guidelines specify the requirements funds’ marketing communications must meet

Aztec opens US office

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

Profile: Paul Yett, Hamilton Lane

The director of ESG & sustainability discusses the evolution of the firm's ESG processes, setting up its DE&I council and why diversity is important to him on a personal level

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

Domicile watch: May 2021

Key takeaways from the major PE domiciles: including the FCA's consultation on a new long-term asset fund, JFSC's investment business fees for 2021-22 and promotions across Guernsey and Cayman

CSC secures Irish depositary licence

The firm received its Irish fund administration licence last year

BlueMark creates impact benchmark

The benchmark aims to track best practices in impact management in a bid to eliminate impact-washing

FCA requests feedback on new long-term asset fund

LTAF aims to provide an open-ended fund structure that accommodates PE, VC, private debt, real estate and infrastructure strategies

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

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

Guernsey updates PIF rules

The amended rules offer three routes to register PIFs in Guernsey

FundRock launches EU distribution service

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

Profile: Magdalena Pasecka, Innova Capital

The partner and CFO discusses her reasons for leaving and returning to Innova, operational challenges of CEE-funds as well as why being a woman in PE is an advantage

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?

ACA enhances regulatory tech platform

The upgrades have been driven by the evolving risk from Covid-19, as well as the continually developing regulatory environment

Green washing up

The SFDR aims to combat greenwashing, but what is actually expected from PE firms, and what do the new rules mean for operational leaders?

A guide to continuation funds

Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue

Sanne granted Irish depositary services licence

Sanne Depositary Services provides depositary services to collective investment schemes

Jersey PE and VC funds grow by 21%

JFSC figures also showed the number of registered Jersey Private Funds reach 403, an increase of more than 100 during 2020

Domicile watch: March 2021

Key takeaways from the major PE domiciles: including Jersey's changes to its AML/CFT handbooks, Guernsey's review of its Green Fund accreditation and Ireland's Green Team network launch

Advisory / Consultancy: ESG award winner: Sancroft International Limited

Senior consultant Ivaylo Dimov discusses the importance of knowing what ESG means to a firm and equally what it doesn’t or shouldn’t mean

Protecting and enhancing value: Managing human rights risks across your portfolio

Sam Eastwood, James Ford, and Libby Reynolds of Mayer Brown predict greater focus on human rights due diligence processes

Mainspring partners with Aspida Group

The partnership aims to service Guernsey-domiciled private equity and venture capital funds

CFO of the Year award winner: Steve Darrington, Phoenix Equity Partners

Partner & CFO at Phoenix discusses winning a Drawdown award, setting up processes from the very beginning as well as how he's ensured ESG continues to be at the heart of the firm

SFDR comes into effect

SFDR imposes new transparency obligations and periodic reporting requirements on financial market participants

Crestbridge opens Dublin office

The firm is currently authorised to provide corporate services in Ireland and is aiming to provide fund admin services soon

Ocorian purchases Platinum Compliance

Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020

Deeper Perspective: The UK Funds Regime

Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?

IQ-EQ targets fund services in Ireland

The firm received fund administrator authorisation from the Central Bank of Ireland in December

InCloudCounsel opens Singapore office

The firm has hired Jon Crandall as managing director for APAC to lead the office