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The latest version of Taliance’s front office platform, GlobalAsset, enables asset and fund management businesses to automatically calculate the ratios and deliver reporting that complies with the requirements enshrined in the Alternative Investment Fund Managers’ Directive (AIFMD).
Leading real estate asset management business, PERIAL, is one of the first business broadening its use of the GlobalAsset platform to ensure compliance with the AIFMD legislation. Underlining the capability of GlobalAsset, PERIAL has already achieved success with the latest version by getting its AIFMD Q4 2014 reporting validated by the regulator.
“Making innovative use of technology is increasingly becoming the key differentiator
Some fund managers are passing up European investment opportunities in a bid to steer clear of the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of experts at the Guernsey Funds Forum 2015.
The event was held in London last week and attracted more than 500 attendees to listen to keynote speaker Guy Hands and two panel sessions. The first of those was titled ‘meeting the needs of European private equity’, including a focus on Base Erosion and Profit Shifting (BEPS) and the Alternative Investment Fund Managers Directive (AIFMD).
Tim Hames (pictured), Director General of the British Private
Glilot Capital Partners, an Israel-based venture capital fund investing in early-stage enterprise software start-ups, has held the closing of a USD77 million fund, Glilot II.
The firm’s second fund was raised on the successful track record of the firm's first fund, Glilot I, which has had three exits to date and distributed significant profits to its investors since its inception less than four years ago.
Glilot I, was founded in 2011 by Kobi Samboursky and Arik Kleinstein, was a $30 million fund that invested in eight companies. Among its investments are Aorato (acquired by Microsoft), Insightera (acquired by Marketo) and
CIT Corporate Finance served as Administrative Agent on a USD40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners, a private equity firm.
The financing was used to facilitate the acquisition of a majority stake in J.Jill, a vertically integrated, multi-channel retailer of women’s apparel, accessories and footwear, from an affiliate of Arcapita Bank BSC, an international investment firm. Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.
The J.Jill brand and focused product is designed for women who lead rich, full lives and is recognised for style, comfort and quality. With a strong
By James Williams – Global law firms need to work closely with hedge funds to improve their cybersecurity risk management by identifying at-risk assets and coming up with a legal risk mitigation response.
Cybersecurity threats and data protection have become a top-line issue among managers. Whilst the latter is more of an internal threat, due to staff negligence or devious intent (i.e. taking sensitive fund investor information before leaving the firm), protecting a fund’s assets is vital.
One industry specialist I was speaking to last week informed me that one of their larger hedge fund clients had suffered 30,000 intrusion attempts
Sidley Austin has appointed Charlie Wilson as a partner in the firm’s M&A and private equity practices based in Singapore.
Wilson has practiced law in Asia for 17 years and regularly advises clients on transactions throughout Southeast Asia. For example, Wilson has acted as international counsel for Indonesia’s national oil company in its proposed acquisition of a US-based oil company’s Venezuelan oil assets. He has also advised a number of sovereign wealth and global private equity funds in connection with their investments and dispositions in Southeast Asia.
“Charlie’s experience handling prominent M&A deals in Southeast Asia makes him a strong
Longitude Capital, a private investment firm that focuses on venture growth investments in drug development and medical technology, has promoted Sandip K Agarwala to Managing Director.
Agarwala joined Longitude in 2013 and focuses on structured investments in both biotechnology and medical device companies. He was responsible for the creation of the firm's royalty investment vehicle, CrownWheel Partners, and its associated infrastructure. Agarwala led the firm's investments in multiple royalty transactions, assembling a diversified portfolio of healthcare revenue interests. Looking forward, he will continue to lead Longitude's royalty investment strategy.
"Sandip has contributed significantly to our investment platform at Longitude Capital,"
The Depository Trust & Clearing Corporation (DTCC) has launched a new capability within its Wealth Management Services (WMS) business to streamline the processing of internal account transfers for alternative investments.
With DTCC’s Alternative Investment Products (AIP) service, market participants can now fully automate account transfers for non-traded real estate investment trusts (REITs) and business development corporations (BDCs). This allows broker/dealers to systematically manage the complex activities required to re-register accounts and internally transfer investors’ shares between closing and opening accounts, as needed.
Currently, account transfer transactions are largely manual operational processes – incurring paper trails, multiple registrations and numerous inter-departmental
The 2014 release of the SECs OCIE Cybersecurity Initiative, and recent updates in 2015, means that Alternative Investments firms can’t delay updating their security technology infrastructure. Furthermore, the topic of cyber-attacks has captured media attention as cloud environments introduce another avenue of attack over firms’ confidential data. How can fund managers continue to automate their practices while ensuring their valuable data is protected?
Click here to download the full whitepaper
The 2014 release of the SECs OCIE Cybersecurity Initiative, and recent updates in 2015, means that Alternative Investments firms can’t delay updating their security technology infrastructure. Furthermore, the topic of cyber-attacks has
Growth private equity firm TA Associates has completed a majority investment in Procare Software, a global leader in child care management solutions. Financial terms of the transaction have not been disclosed.
Founded in 1992, Procare provides integrated payment processing, software, hardware and data hosting to child care businesses and organisations, helping them streamline management, administration and record-keeping. Procare’s payment processing offering, Tuition Express, allows for automated collection of tuition, fees and other payments, and is directly integrated into the company’s software suite. Tuition Express helps increase the reliability of billing information, simplify reconciliation and reduce duplicate data entry. Procare’s software
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