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Solutions

Cordium Doug Morgan
ACA Compliance Group (ACA) is to acquire Cordium, a provider of governance, risk and compliance (GRC) services. The financial terms of the transaction, which is expected to close this summer, subject to regulatory approvals, have not been disclosed. The complementary strengths of both firms will ensure that clients will have access to the highest calibre regulatory consultancy services and technology – and will serve as the springboard for further product innovation and global expansion. The acquisition also will expand ACA’s services in Europe to include Cordium’s regulatory hosting platform, Mirabella, and a post-Brexit EU office.     Robert L Stype, CEO
Adam Freedman, Angelo Gordon
Alternative investment firm Angelo, Gordon & Co has selected Intapp Terms to track and manage side letters, limited partnership agreements (LPAs) and other investor contracts. Angelo, Gordon’s investor relations and compliance teams will use AI-assisted technology from Intapp to categorise the terms specified in each LPA and side letter as new clients are on-boarded, and then employ Intapp Terms to search and check individual investor requirements, and efficiently ensure compliance with those requirements.   The Intapp Professional Services Platform will also automate alerts to relevant employees or departments when information needs to be disclosed to investors, or when any other
Bart McDonough, Agio
Agio, a provider of managed IT and cybersecurity services, is to launch Agio SkySuite, a fully-hosted public cloud productivity and cybersecurity suite tailored for small and emerging alternative investment firms. SkySuite is the first and only program of its kind, providing emerging funds with a fully-hosted infrastructure in Microsoft Azure’s Public Cloud. The program is an outgrowth of Agio’s ongoing partnership with Microsoft Azure, a leading public cloud service.   A comprehensive IT and cybersecurity solution, SkySuite is designed specifically for emerging funds and startups that may lack the necessary in-house resources to develop and manage their own infrastructure within
Philip Masterson, SEI
In mid-March, we published the first of a two-part article series with SEI Investment Manager Services on how a top-down, bottom-up solution can go some way towards helping fund managers grapple with regulatory compliance demands as efficiently as possible.
Philipp Pieper, Swarm Fund
Swarm Fund, the blockchain for private equity, has announced its second Real Estate fund, the Viejo San Juan Comunidad RE Holdings Fund. The fund, available to Swarm Fund’s accredited investors, will target redevelopment of property and other projects in the ‘Old San Juan’ section of San Juan, Puerto Rico, serving both the traditional community housed there and the new ‘crypto community’ beginning to emerge, with a focus on market-rate office space, short-term residence and other properties.   The real estate asset-backed fund, which was opened last year, is led by the management team of Stephen Inglis and Mercy Zayas, veterans
Paul Smith, GFIA
Guernsey’s fund sector is expecting increased interest in its Private Investment Fund following a change in its rules and guidance. The move from the Guernsey Financial Services Commission was announced last week, removing the need for a licensed investment manager to warrant an investor’s ability to sustain financial loss, replaced by a declaration, which places a lesser burden on the manager.   “The FAQs provide a most welcome clarification to the PIF regime which we expect to end any ambiguity about the nature and extent of managers’ responsibilities,” says Craig Cordle, Group Partner at law firm Ogier.   The PIF
Bitcoins
Investors in the Assetz Capital platform are yet to be convinced by cryptocurrencies, with just 16 per cent seeing them as worthwhile investments. The peer-to-peer lending platform canvassed the views of its investors in the Q1 Assetz Capital Investor Barometer. Some 43 per cent believe the entire market is on the brink of collapse, while 40 per cent feel cryptocurrencies are still too immature at present with significant risks attached. Only 14 per cent feel it is a worthwhile investment but only in moderation, with just 2 per cent thinking it is the future of investments.   This follows a
Los Angeles private equity firm Century Park Capital Partners has selected PEF Services to provide fund administration services. Century Park specialises in facilitating owner liquidity, supporting business expansion, and bringing industry and operational resources to build stronger, more successful middle market businesses. Since its establishment in 2000, Century Park has invested in 58 companies with a total aggregate enterprise value of USD1.6 billion.   “PEF’s exceptional reputation for providing superior service to its clients, coupled with solutions that allow us to scale, were key factors in our decision,” says Martin Sarafa, Managing Partner of Century Park Capital Partners. “Partnering with
AIMA Jack Inglis
The Alternative Investment Management Association (AIMA) and its private credit affiliate, the Alternative Credit Council (ACC), have published new guidance for fund managers in valuing their investments. The new AIMA Guide to Sound Practices for the Valuation of Investments contains a series of recommendations regarding valuation governance, transparency, procedures, processes and systems and sources, models and methodology.   A number of recommendations from the guide’s previous edition in 2013 have been updated to reflect the evolving valuation process and changes in the regulatory environment, including the Alternative Investment Fund Managers Directive (AIFMD).   Additionally, the industry has become more diversified
Lots of hats
By Eze Castle Integration – Times have changed. There is little doubt that the alternate investment industry has evolved in recent years with the rise of new regulations, the wide spread adoption of cloud services and deep focus on cybersecurity risks. But what effect do these changes have for the person responsible for technology at a hedge fund, private equity or investment firm? As a Chief Technology Officer (or comparable role: Director of IT, Chief Information Officer, etc.), one has historically been responsible for day-to-day IT functions and routine technology refreshes. But as the industry has experienced rapid change over

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