Specialist business advisory firm FRP is to grow its Scottish team following the appointment of a six-strong restructuring advisory team, which includes partners Michelle Elliot and Stuart Robb, all of whom will be based in Glasgow.

Maverix Private Equity has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund.

Canoe Intelligence, a financial technology company focused on reimagining data management processes for alternative investors and allocators, has announced a new collaboration with Holland Mountain, a leading data solutions provider to the Private Capital industry. 

Vidrio Financial (Vidrio), a provider of software and data services for institutional alternative allocators globally, has launched Vidrio ”One,” its first non-enterprise offering driven by increased demand from a broader range of institutional investors including pensions, endowments, foundations, consultants and family offices to allocate across the alternatives landscape. 

Ecommerce data specialist Conjura has launched a new data due diligence service, Snapshot. This allows businesses preparing for a funding round to assess the customer data they hold. This can be used to demonstrate current performance and also identify potential growth opportunities. Conversely, Snapshot can be used by investors to audit and analyse granular transaction level business data to help them decide whether to invest or not.  

Contea, Jysk Pension, FinPro and Status have formed a partnership with Polaris Provate Equity to launch North, a provider of independent and full-service financial advisory consulting to companies, organisations and their employees.

Regulation and compliance teams within private equity (PE) firms are overloaded with their day-to-day tasks. Relieving some of this pressure will allow them to work on strategic, risk-based matters which will see them being more effective to the business overall.

This past year has proven that general partners (GPs) can retain control and oversight over the various functions within their firm, even while working with outsourced partners. The shift to virtual working demonstrated that the ability to interact and collaborate across an organisation is in no way hampered by being in remote locations. In addition, the focus on data is driving the need for external support in middle office functions.

By A Paris - The case for private equity outsourcing has been bolstered in the past year as general partners (GPs) are having to handle larger volumes of data and compliance teams are stretched to their limit. Industry participants have attested to the growing burden that private equity operations are facing and the potential fragmentation to which they may be vulnerable.

Boardroom Alpha, a ratings and analytics platform providing quantitative measurements of public company directors, CEOs and CFOs, has launched an intelligence tool for evaluating the performance of Special Purpose Acquisition Companies (SPACs).