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How and why private equity firms are transforming the back office

Tue, 18/04/2017 - 08:45

For private equity fund managers, the daily task list is growing in both its length and its complexity – and in many cases, these tasks fall outside the scope of a manager’s expertise or general interest. Technology, for example, is not a hidden skill most fund managers or C-level execs can tout. And as IT evolves and its complexity grows, many private equity firms are looking for opportunities to evolve the back office and leverage outsourced support – freeing up managers to spend more time on what they do best – raising and investing in successful funds. »

Rafay Farooqui, SAF Platform

Rocaton partners with SAF Platform to provide alt investment research

Mon, 17/04/2017 - 12:52

Rocaton Investment Advisors has formed a partnership with SAF Platform, a New York City based financial technology firm to offer offer private capital and hedge fund research to institutional investors. »

Mary Beth Hamilton, Eze Castle Integration

Where CFOs/COOs and CTOs agree and disagree on outsourcing

Thu, 16/03/2017 - 10:35

By Mary Beth Hamilton (pictured), Vice President, Eze Castle Integration – It’s inevitable for C-level execs at hedge funds and private equity firms to have differing opinions from time to time, and outsourced IT can sometimes be an area that breeds tension at the management level. On one hand, Chief technology officers (CTOs) are engrossed in every level of technology, from application management to security to disaster recovery, and they have a vested interest in concerns from user experience to business continuity and beyond.  »

Simon Schilder, Ogier

BVI continues to introduce positive regulatory developments

Fri, 10/03/2017 - 09:21

Last year the number of hedge fund launches globally fell by an estimated 40 per cent, but despite this there have been a number of positive developments for the funds industry in the BVI. »

Mark Coriaty, Eze Castle Integration

Cost, complexity & security drive hedge fund outsourcing

Mon, 06/03/2017 - 14:50

Outsourcing has not only become an accepted practice among hedge fund managers, it has become a necessity as funds large and small seek out ways to control their costs, manage their internal resources more effectively, and overcome the ever growing challenge of regulatory compliance.  »

Preqin launches new division offering portfolio management solutions

Fri, 17/02/2017 - 10:11

Preqin has launched Preqin Solutions, which is aiming to provide a cost-effective, scalable and secure data solution to meet the market need for transparent, accurate and efficient tracking of private capital portfolio performance.  »

Robert Briant, Conyers Dill & Pearman

BVI strikes right balance on fund governance

Wed, 08/02/2017 - 13:49

Proper fund governance has long been championed by leading offshore law firm Conyers Dill & Pearman, which for the last decade has encouraged its hedge fund clients to hold at least annual directors meetings. Initially this was met with some resistance according to Robert Briant (pictured), Partner and head of Conyers' BVI office, who confirms that such resistance has softened over the last few years.  »

James Williams, hedgeweek

Incubator Fund could provide long-term growth trajectory

Wed, 08/02/2017 - 13:22

"We see the funds industry as continuing to contribute to the overall offering of financial services. There remains good interest in the BVI product and we envisage that will continue," asserts Glenford Malone, Director, Investment Business Division, BVI Financial Services Commission, when asked to comment on the growth of the BVI's funds industry.  »


All aboard for Lapland

Fri, 23/12/2016 - 08:20

The manager of Finnish airports, Finavia, reports that Lapland has been fully prepared for a busy winter season, with air traffic volumes expected to be the highest since 2007, and some 500 charter and scheduled flights arriving in Lapland in December. »

Nicolas Palate, CACEIS

Equity Bridge Financing solution helps improve IRR

Mon, 07/11/2016 - 11:16

CACEIS offers private equity fund managers bridge financing solutions that allow them to delay the process of collecting capital commitments from investors, thereby enhancing the internal rate of return of the fund.  »

Peter Jakubicka, Business Development Manager at Circle Partners

A one-stop shop solution to launching Malta funds

Thu, 22/09/2016 - 14:51

Circle Partners (Circle) is an independent fund administrator with offices across the EU, the Americas and Hong Kong. Circle has the ability to set up sub-funds on its Luxembourg SICAV and guide start-up managers through the whole process of bringing a new fund to market in all major fund jurisdictions.  »

Kenneth Farrugia, Finance Malta

Brexit allows Malta to consolidate UK relationship

Thu, 22/09/2016 - 14:09

The shock Brexit result this June sent ripples across Europe as individual Member States absorbed the news. And whilst some jurisdictions have been quick to seize the initiative on the back of the uncertainty that UK firms face – especially as it relates to passporting for London's much lauded financial services industry – Malta is focusing on maintaining the harmonious relationship it has with the UK. »

Suryanshu Mishra

Understanding the role of the depositary

Thu, 07/07/2016 - 15:26

There are a number of important considerations for a fund manager, especially a start-up, when it comes to selecting an onshore depositary to an onshore AIF. But before these are explored, it is perhaps worthwhile explaining exactly what the role of the depositary is under AIFMD, given that alternative fund managers have never had to use one before. »

Jerry Lees

Full service solution to start-up hedge funds

Thu, 07/07/2016 - 15:22

There are a multitude of costs that a start-up alternative fund manager faces today, especially with respect to those looking to establish a hedge fund under AIFMD. From regulatory costs and waiting to receive FCA authorisation, to office and IT and staffing costs, the amount of burn capital that managers initially account for can rapidly disappear down the drain.  »

Owain McNeill

Chapter 3: Selecting service providers

Thu, 07/07/2016 - 15:19

For those wishing to set up a standalone Alternative Investment Fund, getting the right service providers in place is crucial to the manager's long-term success and reputation. The following sections detail what to look for when it comes to appointing four key service providers: »

Jeffrey Rosenthal

Chapter 3: Selecting service providers

Mon, 16/05/2016 - 12:54

Choosing appropriate service providers is one of the cornerstones to creating a successful hedge fund business.  »

Frank Napolitani

ODD considerations for start-up managers

Mon, 16/05/2016 - 12:49

Operational due diligence or "ODD" are arguably three of the most important words for any start-up manager hopeful of attracting new investors. Such is the level of expectation among institutional investors today that even if the manager only has USD20-30m in AUM and outsources the CFO function, operationally they still must look and act like a serious outfit.  »

Kavitha Ramachandran

Considerations for appointing an external AIFM

Tue, 08/03/2016 - 12:33

One of the biggest decisions for fund managers under AIFMD is whether or not to appoint an external AIFM. But as management companies, many of whom have experience supporting traditional managers under the UCITS framework, continue to espouse the virtues of outsourcing the ManCo function, alternative fund managers in different geographies are beginning to understand the benefits of going down this path.  »

James WIlliams

Considerations when selecting a depositary to an AIF

Tue, 08/03/2016 - 12:29

Under Article 21 of the AIFMD, any AIFM running an EU-based AIF is required to appoint a single full scope depositary to carry out four core duties: cash monitoring, safekeeping and verification of assets and general oversight of the AIF. For EU managers with experience of running UCITS funds alongside their offshore Cayman fund(s), this arrangement is a familiar one, but for AIFMs marketing non-EU AIFs into Europe, the concept of appointing a depositary is unfamiliar.  »

Stephenson Harwood advises on GBP162m Shield Therapeutics IPO

Fri, 26/02/2016 - 09:13

Stephenson Harwood LLP has advised Shield Therapeutics (Shield) on its GBP162 million AIM IPO, which involved the placing and subscription of GBP32.5m of new ordinary shares, and the issue of warrants to subscribe for ordinary shares. »

Carey Olsen Guernsey advises on latest AnaCap Private Equity fund

Mon, 15/02/2016 - 16:38

Offshore law firm Carey Olsen has advised specialist financial services private equity fund AnaCap Financial Partners on the close of its third Guernsey flagship fund, AnaCap Financial Partners III. »

Michel van Zanten, Circle Partners

The importance of independent service provider integration

Fri, 23/10/2015 - 11:44

Collaboration is extremely important for any service provider looking to do business in Luxembourg and in that respect, Circle Partners (`Circle'), an independent fund administrator, is no exception.  »

Cindyrella Amistadi, Credit Suisse

Key areas of support for alternative fund managers

Fri, 23/10/2015 - 11:35

MultiConcept Fund Management SA ("MultiConcept") is an AIFM and UCITS IV fund Management Company. Established in Luxembourg in 2004, MultiConcept has approximately CHF10.7 billion in assets under administration. It currently has 20 umbrella structures with 89 sub-funds.  »

Ogier Cayman and BVI advise on recommended cash offer for Promethean World

Ogier Cayman and BVI advise on recommended cash offer for Promethean World

Fri, 07/08/2015 - 12:30

Ogier has acted for VSA Capital Limited in its role as financial adviser to Digital Train and its parent, NetDragon Websoft, in connection a GBP84.1 million recommended cash offer for Promethean World, a company listed on London Stock Exchange.  »

DLA Piper advises on debt restructuring of Maxeda DIY Group

DLA Piper advises on debt restructuring of Maxeda DIY Group

Thu, 30/07/2015 - 07:34

DLA Piper has advised a syndicate of mezzanine lenders made up of credit affiliates of Ardian GoldenTree Asset Management, KKR Creditor Advisors (US), Babson Capital Management, Alpinvest Partners, Idinvest Partners and Ares Management on their debt for equity restructuring, which has resulted in the group of mezzanine lenders writing off their mezzanine debt for a controlling stake in the equity of the Maxeda DIY Group.  »


Noerr advises Deutsche Invest Equity Partners on PlanetHome deal

Wed, 15/07/2015 - 14:21

Noerr has advised the Munich financial investor Deutsche Invest Equity Partners on the acquisition of a participation in PlanetHome AG structured as a co-investment with the US financial investor AP Capital Investments.  »

Daniel Adler

Livingstone advises Lyceum on MBO of Briefing Media

Tue, 14/07/2015 - 07:28

Livingstone's Media & Technology sector team has advised on the management buy-out of fast-growing business information company Briefing Media Group, backed by growth investor Lyceum Capital.  »

Christian Pleister

Noerr advises Neue Halberg Guss on takeover of Daimler subsidiary Atlantis Foundries

Thu, 09/07/2015 - 07:36

Noerr has advised the automotive supplier Neue Halberg Guss on the takeover of the South African foundry Atlantis Foundries (AF). The seller is Mercedes Benz South Africa. »


James Cowper Kreston advise Growth Capital Partners on FLYdocs investment

Wed, 08/07/2015 - 12:09

James Cowper Kreston has advised independent private equity company Growth Capital Partners LLP on its investment in FLYdocs Systems Limited. »

Stephane Enguehard, Head of Product Development for Alternatives and Multi-Management at Lyxor Asset Management

Lyxor: A multi-management approach to fund selection and portfolio construction

Wed, 01/07/2015 - 16:33

Lyxor Asset Management has cemented a reputation for its hedge fund solutions expertise, but as regulation and investor preferences change, the firm has evolved to offer multi-management solutions to support investors in fund selection, portfolio construction and infrastructure services. »


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Fri, 24/03/2017 - 10:55

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Guide to Relocation 2017

Mon, 20/02/2017 - 14:43

BVI Hedge Fund Services 2017

BVI Hedge Fund Services 2017

Wed, 08/02/2017 - 13:15

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