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Reporting & Transparency

RFA launches managed data services

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

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

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

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

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%

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

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

Face value

A group of venture capital CFOs sat down with The Drawdown to discuss challenges of valuing pre-revenue companies and implications of the new IPEV guidelines

The Ocado of private equity

AtomInvest’s recent white-labelling of its software could be the much needed investor onboarding remedy the industry is seeking

Video AGaMes

Private equity firms are turning to rich media as a way to spice up AGMs

Comment: Who built your marketing infrastructure?

For growing fund managers, a decent marketing framework is a must, but who takes responsibility for managing the build?

Lost in the clouds

The move to cloud computing comes with glorious benefits and efficiencies, but given the particular IT needs of private equity - mainly security - finding the right cloud set-up is proving tricky.

Valuations what’s new, what’s not and what matters

A round-up of recent regulatory developments for private equity valuation practices

The Profile: Jason Howard, Headway Capital

Headway’s CFO Jason Howard looks back at the important lessons learned throughout his career, which now act as intrinsic guides for his current role, where meeting the needs of clients is key.

Q&A with Raxita Kapashi, CFO at Dawn Capital

Having recently joined Dawn Capital as the company's first official CFO, Kapashi discusses her new role and what led her to join a venture capital firm

The data journey waits for no one

Private equity’s data journey may only just be setting off, but like any expedition, packing the best equipment and selecting the right companions make reaching the final destination a lot more enjoyable

The Profile: Jackson Heddy, Northzone

Jackson Heddy discusses the particular challenges of running a venture back office; including the complexity of data analysis for young companies and troublesome valuation methods

Luxembourg’s AUM increased 20% year-to-year

Figure comes from ALFI's latest 2018 Luxembourg Private Equity and Venture Capital Investment Funds Survey

Views from the Summit

Highlights from two of the technical breakout sessions at this year's BVCA Summit in London

Time to bite back

For too long operational leaders have been yes men, it's high time they became key men

Standardisation: not the whole story

Aims to improve and create efficiencies for the reporting of fees and expenses are valiant but templates only tell part of the story

Chance of clear skies

A new approach to solving PE’s reporting conundrum

Private equity under populist rule

As the economy becomes a global chessboard, what does protectionism hold in store for GPs?

Private equity’s IRR claims slammed as “fake news”

Calls on LPs to “look closely” pile further pressure on already-controversial metric

The impact of brand awareness

eVestment whitepaper finds GPs with high brand visibility outpace others

Appetite mounts for standardised performance reporting

Compliance with GIPS rules can be factor in GP searches by consultants, survey shows

Using numbers to win hearts and minds

Citizens reject PE’s value creation credentials. Could data help GPs tell their story?

5 minutes with… Colmore

Firm says it isn't looking for a GP "gotcha!"

5 minutes with… Jyoti Banerjee

Reporting expert discusses why PE needs an information architecture and a CIO to run it