Both depositories and fund administrators face huge demands from a data management perspective under the AIFM Directive. For any depository appointed by an AIFM running an onshore hedge fund, the scope of responsibility is greater than that required under a depository lite scenario for AIFMs running non-EU funds. This is
By Gavin Byrnes, UBS Fund Services – The Alternative Investment Fund Managers Directive (“AIFMD”) has caused much rancour and debate over the last few years but at last the end is in sight. Some of the more challenging aspects of the Directive have centred on the Remuneration and Depository provisions,
SuMi TRUST Global Asset Services provides sophisticated fund administration and custody services in the UK and Ireland and is backed by Sumitomo Mitsui Trust Bank Ltd (SMTB), the largest Trust Bank in Asia with over USD3tn in assets under custody. David O’Keeffe (pictured) is the CEO of SMT Trustees (Ireland) Limited,
Jersey has seen a rise in high value real estate and private equity funds targeting UK, continental European and global assets structured through the island. In the last six months, a number of major real estate and private equity fund structures have been reported by Jersey law firms, involving a
The European acquisition finance debt market landscape is changing dramatically as a result of an increase in liquidity and the rapid influx of alternative sources of capital offering new products, a poll suggests. Some 70 per cent of respondents to DLA Piper's debt survey expect deal activity to increase in
Middle market private equity firm Odyssey Investment Partners has held the final closing of Odyssey Investment Partners Fund V. The fund is a USD2bn private equity fund formed to pursue control-oriented investments and management buyouts of established middle-market companies with operations predominantly in the US. Investor interest in Fund
The four offers for subscription to raise up to GBP10m each for the Baronsmead VCT, VCT 2, VCT 3 and VCT 4 were all fully subscribed by close of business on 24 February 2014 – just 23 days after launch. The additional funds raised will augment each company’s capacity to
Propellr, an investment firm specialising in alternative assets, has launched its digital platform to help accredited investors access institutional-level opportunities. "We're taking the kind of private placement deals usually found in hedge funds and making those deals available to the public," says Propellr CEO Todd Lippiatt. "If they're good enough
Voting is closing soon for the Private Equity Wire UK & Europe Awards 2014, which will be presented at an awards lunch in London at the end of March 2014. Please make your nominations by completing this survey. Uniquely, our awards are based on a 'peer review system' whereby our
Private equity fund managers believe pricing will be their most significant challenge in 2014, according to the fifth annual PErspective private equity study by BDO USA. When asked to rank the challenges private equity firms will face in the coming year, 39 per cent of fund managers cite pricing as
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