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Tax advisors

Towards accounting for net-zero

Recent IASB approval shows larger trend towards net-zero accounting and untapped opportunities

Fiscally fit

Cap table complexities and potential solutions

Gibson Dunn welcomes tax partner

Formerly with Weil, Gotshal & Manges, Benjamin Rapp joins the firm’s tax practice group across Munich and Frankfurt

Cost cutters: Four tips for operational resilience

Ace & Company’s managing partner Sally Beh says careful cash management is a crucial step in trying times

RSM appoints new head of private equity

Stuart Clowser succeeds Charlie Jolly who was previously in the role for nine years

Zanders acquires RiskQuest

Risk management consultancy expands its presence in Europe by absorbing RiskQuest’s Amsterdam HQ in addition to 11 other international offices

Behind the multiple

Calculating carried interest with TVPI multiples means clear definitions of contributions and distributions are needed, a Colmore case study finds

Oaklins NL launches valuation advisory

Firm welcomes new partners Tijn Bastiaans and Costas Constantinou

Centralis buys up YLP

Company aims to deepen its reach in the Luxembourg fund outsourcing market

ATOZ acquires Deveco

Acquisition to increase the range of services offered

A&M partners with Pactio

Partnership enhances the firm’s M&A tax advisory services with Pactio’s transaction structuring automation tools

Untangling Pillar 2 implications

Pillar 2 may not mean more tax for most GPs but it could be a compliance headache

Borne but not raised

A tight fundraising and deal-doing environment has GPs pondering how to structure aborted deal costs

ATOZ Services swallows up Fund Solutions

Corporate and tax services provider aims to build out its fund admin capabilities

AC Christes & Partners moves to Munich

Firm aims to offer transaction advisory, audit, tax, valuation and post-merger integration services from its new location

A&M Tax appoints ASEAN tax lead

Singapore-based Shantini Ramachandra was previously a partner at Deloitte

EY expands UK private credit tax team

Gabriel Iliuta (pictured) and Elliott Morley join as partners to the firm

Operational utopia

If operations professionals made all the decisions, what would the perfect PE firm look like?

A&M expands UK tax team

Formerly with Kroll and Mazars respectively, Andy Murray (right) and Prasam Patel (left) join the professional services firm as managing directors

Comment: Who’s afraid of the US tax system?

James Debate, corporate senior tax manager at USTAXFS, explains how European PE firms can unpick the US tax system to win over US pension fund investors

Home game Sweden

A change in tax legislation and ethical considerations are leading Swedish PE firms to onshore their funds

JTC acquires Blackheath

Fund administrator expands its ManCo services for UK-based funds

Comment: Pillar Two ex post

Asset managers need to carefully consider the implications of Luxembourg’s proposed implementation of the OECD’s Pillar Two rules, argue Bastien Voisin, Yann Ricard and Olha Polishchuk of Goodwin

Carta launches fund tax tool

Fund admin aims to support with fund accounting and taxation, real-time allocation calculations and draft K-1s for LPs

Apex acquires Watermark

The fund administrator has infiltrated the Portuguese market

KKR expands operations to Gurugram

Firm’s new office in India’s second largest tech hub to house finance, operations, human capital and technology teams

IDR appoints tax services director

Robin Silverthorne joins from NatWest Group

DIY in the wild wild East

Across Lebanon and Palestine, enterprising GPs are piloting their industry with no legislative framework or operational ecosystem, as Matthias Plötz investigates

A&M moves to Vienna

Firm has hired ex-AxFina CEO Bernhard Engel to lead Austrian office

Gen II launches strategic and digital solutions group

Robert Caporale has been appointed as group president

Valutico partners with Integra International

Tax, audit and accounting association will offer Valutico’s valuation services to its clients

Around the books in 80 days

GPs' travels through the auditing process

The qualifying factor

To what extent is the QAHC regime benefiting the UK alternative funds industry?

A&M Tax appoints senior director

Rasmus Steiness joins from Deloitte

Comment: Future-proofing operational models key to supporting global GP ambitions

Elliot Refson, head of funds at Jersey Finance, says the jurisdiction’s JPF and LLC structures provide stability in a turbulent environment

The Drawdown Awards 2023: Winners announced

Congratulations to all of the winners of The Drawdown Awards 2023

5 minutes with… Priya Iyer, CEO of Concertiv

We sat down with the CEO to discuss how a company originally conceived to cut travel costs for six investment banks has grown into a leading provider of outsourced procurement services for mid-market firms.

A&M’s Taxand team makes senior hire

Rhys Owen joins Alvarez & Marsal’s fund taxation practice from EY

Advice: Cash issue

Significant tax changes will affect how partners in the UK are taxed, including members of LLPs, warns CM Murray partner Corinne Staves

Morgan Lewis opens second Germany office

The office will be launched by three partners – Florian Harder, Florian Ziegler and Jann Jetter

Talos partners with Formidium

The partnership combines fund administration services with digital asset trading strategies

‘CFOs are embracing their role as strategic leaders’

Key takeaways from EY’s 10th annual Global Private Equity Survey

Comment: Known or knowable? It depends

Nic Müller, CEO of Avega Capital Management, looks at a recent clarification to the IPEV guidelines, and hopes greater harmonisation is coming

Centralis launches AML service

Gary McLean will lead the firm’s new offering

73 Strings partners with Alvarez & Marsal

Partnership will see 73 Strings provide portfolio monitoring and valuation solutions to mutual clients

“QAHC, QAHC!”

The Qualifying Asset Holding Company regime is set to close the gap between the UK and other fund domiciles

Daring to be different

Having enjoyed several years of stellar growth, have Asian fund managers done enough to ensure their firms are operating in a robust enough manner to weather the gathering global macroeconomic storm?

Apex acquires Mainspring

The acquisition sees all 70 Mainspring employees across two UK offices and £9.7bn in AUA move to Apex

PE firms under pressure to outsource

There has been a significant increase in enquiries from PE firms looking to outsource since last year, Ocorian reports

Data analytics should be top priority for service providers

EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements

TDA 2022 Advisory/Consultancy: Tax winner: Macfarlanes

Macfarlanes' team explains how their cross-departmental collaboration sets them apart from their peers

Champions league

The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.

Operational lens: Summa Equity Fund III

Summa’s latest fund was almost quadruple the size of its predecessor, despite being raised remotely. General counsel Martin Sjölund, talks us through their Swedish fund structure, the bespoke onboarding solution, tackling compliance heavy ODD and Summa’s supportive partners.

haysmacintyre appoints new managing partner

Natasha Frangos takes over the role from Jeremy Beard who has led the business for the past three years

Scerbo joins A&M

John Scerbo, previously CFO of L Catterton for 13 years, will lead the firm’s new fund management solutions offering

Centralis acquires Wheelhouse

The deal marks an exit for previous backers Pelican Capital

Apex buys FTS

The US business provides tax planning, compliance and structuring to PE and RE funds

PwC Luxembourg adopts Diligend

Use of Diligend meets PwC Lux aims to better support its clients with due diligence, ongoing monitoring and oversight needs

Finance function seeks tech talent

Intertrust’s latest survey found most CFOs expect to hire professionals with this skill set over the next three years

CFOs: cost and resource constraints prevent ESG integration

Intertrust’s latest survey found this to be the biggest obstacle CFOs face when integrating ESG into their investment processes

ATAD 3: How will private equity measure up?

Andrew Howard, Ropes & Gray tax partner, outlines his thoughts on the likely impacts on private equity of the ‘ATAD 3’ EC proposal, designed to prevent the misuse of shell entities for tax purposes

Bridge Alternatives launches outsourced CFO business

Along with the new business line, Bridge Alternatives has hired Kyle Fields from SS&C as CFO

Taxation of partners: Changes expected

Alex Conway of Crowe UK details expected changes as to how partners will be taxed following the government’s current consultation

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

Livingbridge’s Conway joins Crowe

Jono Clare has been named as the GP's new head of tax

Wheelhouse partners with RFA

The partnership aims to help investment firms with specific reporting and compliance requirements

TowerBrook invests in EisnerAmper

EisnerAmper provides comprehensive audit, accounting, advisory, consulting and tax services as well as analytical insights to clients

The Drawdown Awards 2021: Finalists Announced

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

The ID Register partners with KPMG

The alliance provides clients with "a smoother, more cost-effective onboarding fit for purpose in the 21st century"

Right-sourcing

A year of remote working has catalysed already changing attitudes when it comes to recruitment versus outsourcing

Goodwin hires London tax partner

David Irvine joins from Kirkland & Ellis where he has been a partner for the last two years

Advisory / Consultancy: Tax & Compliance award winner: Macfarlanes

Partner Ceinwen Rees highlights the importance of the firm's technical training sessions

Column: Healthy competition

Riverside Europe COO Dörte Höppner, one of the judges for The Drawdown Awards, details the importance of good service and healthy competition when it comes to service providers

Mainspring partners with Aspida Group

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

Auxadi appoints five

Inflexion-backed Auxadi provides corporate services to private equity and real estate firms

And the winner is…

Entrants to The Drawdown's Awards were asked to demonstrate business growth, innovation and client satisfaction. While the winners were rewarded based on these metrics, what's clear from speaking to all of the successful groups is they all shared three additional commonalities

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?

Comment: Choosing the right auditor

Karen Allan of Haysmacintyre outlines why a move to a mid-tier auditor can reap multiple benefits

The ins and outs of outsourcing: An evaluation guide for selecting the right vendor

InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"

GPs prioritise D&I

According to EY's latest report, 56% of GPs are aiming to increase gender representation this year compared to 47% in 2020, according to a new report

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

KPMG’s Wall joins BDO as partner

In her new role, Jennifer Wall will focus on working with private equity funds, providing tax advice and reporting services

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

NAVs won’t return to pre-pandemic levels until 2022

80% of Duff & Phelps survey respondents believe up to 30% of private market investments won’t recover their pre-pandemic values until 2022 or beyond

Lamping launches Reframe

The new advisor aims to help managers 'set a clear strategic direction and grow their business, from whatever position they’re currently in'

Throgmorton launches CFO & COO Solutions

Throgmorton has launched an outsourced service for the CFO and COO function.

CGT looks set to increase

The OTS report recommends the government should consider "taxing more of the share-based rewards arising from employment... at income rates"

DAC6: what it means for LPs

Natalie Psaila, counsel in the London Tax Group at Hogan Lovells, details the circumstances in which the DAC6 rules are most likely to be relevant to investors in private equity funds

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

BEPS 2.0 up for public consultation

The blueprints for the approach reflect convergent views on key policy features, principles and parameters for a future agreement

WATCH: No place like home: finding the right fund domicile

Predictability, reliability and quality are key components, according to our expert panel

Throgmorton expands into Australia

The firm now offers is its tax compliance, accounting, HR, payroll and company secretarial services in Australia via offices in Sydney and Melbourne

LemonTree creates advisory board

Mahmoud Warriah is advisor for accounting and Toby Norfolk-Thompson is advisor for banking and tax

Wheelhouse appoints non-exec chair to leadership team

Mark Humphries said he was attracted to the role because of the deep subject matter expertise the firm operates in

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

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

Comment: PE & ESG… It’s time to look at your technology providers

George Ralph, managing director of RFA believes service providers are next in line for communicating their ESG credentials

Carried interest at risk of tax hike

The UK government has launched an investigation into the capital gains tax system

Post Brexit rules come to light

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

ACA Compliance secures $40m investment

Led by Starr Investment Holdings, the investor group bought a controlling interest in ACA in 2018

PwC promotes Cairns to partner

As partner, Christine Cairns will continue her role as head of private clients in alternative investment funds

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

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?

Tax consultancy Wheelhouse launches

The London-based firm provides management, regulatory reporting, accounting, tax, HR consultancy and outsourcing solutions

Comment: The outsourcing dilema

Jen Simkins of March Consultants says her connections are debating whether or not to outsourcing part of their operations

Comment: Making tax digital

Louise Scholey, associate director at Grant Thornton provides a practical guide to taking tax into the digital age

PE funds most popular product for Guernsey in 2019

Findings come from Monterey Insight’s 25th Guernsey Fund Report, and account for the year to the end of June 2019

Views from the Summit

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

In or out? Tackling back office complexities

AltaReturn whitepaper details new approaches to running the back office

AnaCap’s Edwards on outsourcing and regulations

Final instalment of our discussion with AnaCap COO Michael Edwards explores outsourcing and regs