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Reporting & Transparency

WATCH: Technology…and how it’s shaping the operating models of tomorrow

The pandemic has been a catalyst for digital transformation, but there are major challenges still to face

5 minutes with…Tuomas Saarinen, Apollonian

We caught up with independent valuation provider Apollonian’s co-founder and chair Tuomas Saarinen to find out how the company came about and the importance of valuing intangible assets.

Take back control

In a bid for more control, GPs have been asking fund administrators to work on their own systems, rather than the administrator's

The ID Register spins out of Apex

Initially backed by Ipes, the Guernsey-based business is a clearinghouse for KYC and investor onboarding

Rochford launches in the UK

Treasury management provider Rochford Capital expands from Australian roots to the UK

KPMG Luxembourg names new sector leads

Chrystelle Veeckmans is head of asset management and Christophe Diricks is head of alternative investments

ESG: From checkbox to value creation

Private equity firms have been dutifully integrating ESG reporting, but few use it as a genuine driver of value

Profile: John Eggleston, Pantheon

The chief technology officer discusses his approach to upgrading the firm’s IT infrastructure, the importance of cybersecurity awareness training and why you should always start with data during tech transformations

Backstop upgrades RMS

The enhanced multi-asset class research management system allows institutional investors to track research and DD across all asset classes

LISTEN: MUFG’s Mike Dickey on ESG reporting

Alice Murray talks to Mike Dickey, head of product at MUFG Investor Services, about the data flow of ESG information between GP and LP

Comment: Navigating capital calls

Lydia Danon and Shelley Drenth of law firm Cooke, Young and Keidan, outline practical steps PE firms ought to be taking to mitigate potential capital call conflicts

UK GPs spend $8.6m on legals annually

A new report has revealed how much private equity firms are spending on external legal counsel

Profile: Peter Finden Bamrud, Verdane

The head of analytics discusses joining PE straight out of uni, the biggest challenges the industry faces and the importance of harnessing data correctly

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

The Impact Investing Operating Principles: the power of independence

Audits and regulatory practices are vital for tracking cash, but where are the equivalents for environmental and social impacts?

WATCH: Data strategies for a digital world

Alice Murray speaks to eVestment’s Katey Bogue about how private capital funds are harnessing data to improve operations and performance

RFA launches managed data services

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

LISTEN: RFA’s George Ralph on data pt3

Our third and final instalment of The Drawdown’s conversation with RFA’s George Ralph looks as LP expectations when it comes to data management and ways to boost transparency.

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

Post Brexit rules come to light

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

ILPA updates model LPA

According to ILPA, updates have been made to improve transparency, governance and alignment of interests

LISTEN: RFA’s George Ralph on data, pt1

This first instalment explores the nuances of developing data strategies, depending on the firm’s size, focus and willingness to to adopt new technologies

LP expert Graye joins forces with qashqade

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

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

PODCAST: Stick or twist? How to manage on-going tech upgrades

Alice Murray speaks to MUFG's Danny Trentacosta about why now is a great time for GPs to revisit tech infrastructure upgrade projects put on hold by Covid-19

5 minutes with… René Kampschulte, Keytrack

The managing director talks about why he created the VC portfolio management software, the ultimate goal for the product and why he won’t rule out expanding to PE in the future

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

Talking tech: FSN’s Conradi on digital roles

Part one of our two-part series discusses Conradi's career move from the tech industry to PE; his newly-created CDO role; as well as what PE can learn from tech

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?

Domicile watch: June 2020

Key takeaways from the major PE domiciles: including how Luxembourg, Guernsey and Jersey are adjusting their practices as Covid-19 country lockdowns are eased while Cayman highlights a fraudulent due diligence email being circulated

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

ILPA wants more transparency on sub lines

The latest guidance advises PE firms to be more transparent around the use of fund finance facilities and the impacts they have on performance

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"

GPs see digitisation as a growth enabler

The Intertrust PE Report Summer 2020 survey, found technology and digital functionalities are key in helping firms to achieve greater transparency

LPs call for detailed impact analyses

A recent survey from Cebile Capital has found that LPs are in need of detailed impact assessments of Covid-19 on portfolio companies

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

It’s never too data

Data is the here and now. So how do you actually use it? What steps can you take today?

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

Join us: CFOs & FD networks

Part one of our mini series on networks in PE: this instalment considers CFO & FD networks and finds they can be more hindrance than help

Investindustrial awarded B-Corp status

B-Corps meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose

Q1 2020 NAVs are expected to decrease 9.5%

The survey conducted by Setter Capital also found Q2 2020 NAVs are expected to decrease 12.6%

The Private Equity Editors’ Podcast 2

Hosted by Talya Misiri of Real Deals and Alice Murray of The Drawdown, these podcasts aim to provide insight into what we’re hearing, reading, discussing and discovering through our coverage of the private equity market.

WFH best practice: Regulators and financial reporting

​The third article in our mini-series provided by 3LDC focuses on reporting, financial and regulatory commitments during lockdown. It aims to remind and provide brief guidance on what firms should be doing.

Stop using Zoom, now

Following recent reports of Zoom's poor security, experts advise ditching the platform

PwC publishes special guidance update on valuations

The accountancy firm considers the guide an additional support to the statement released last month by IPEV on estimating Fair Value during the crisis

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.

Going back to your roots

Inefficient reporting methods continue to vex LPs. It’s time to go back to the source

LPs unsure what capital is being called for

ILPA members have reported confusion over how GPs are using newly called capital and sub lines.

The operating committee

A number of large private equity houses are setting up operating committees in response to the major tasks now faced by non-deal team members

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

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

Hazard warning: valuations in the midst of volatility

Key considerations for valuing portfolio companies in current conditions

IPEV releases statement on fair value

LPs have a critical need at 31 March 2020 for their GPs to report underlying investments at fair value on a timely, consistent and rigorously determined basis.

The new PE playbook

McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak

How one GP is handling its AGM amid Covid-19

To reduce the risk of spreading Covid-19, Ratos has altered its arrangements for the firm’s planned AGM

The increasingly public world of private equity

In late January, the IPEM conference in Cannes brought together almost 3,000 delegates, spanning all corners of the industry. The key takeaway was that private equity is an increasingly public affair

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