Solutions
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.
In such an arrangement, CACEIS provides Equity Bridge Financing to the manager – essentially a guaranteed line of credit – whereby the financing arrangement is agreed not on the asset but on the uncalled capital commitment from high quality investors.
"In other words, it is financing on the liability side of the fund rather than the asset side of the fund," comments Nicolas Palate, Head of Private Equity and
At SS&C Advent, an independent unit of SS&C Technologies who collectively support more than 10,000 customers worldwide, there has been, according to Jesper Steiness (pictured), Director of Global Accounts, a clear growth of interest among fund managers and service providers to improve automation with respect to alternative portfolio accounting and reporting.
This is happening at a time when alternative fund managers are converging in terms of the products they offer, with hybrid fund structures becoming a more popular feature of the landscape. But given the complexity of the assets, and the movement of cash flows within these structures, both managers
Fund managers have gathered in London to hear from the Cyprus Investment Funds Association (CIFA) about the opportunities in the country as an investment destination.
Held in conjunction with international law firm King & Wood Mallesons (KWM), Alter Domus, a provider of fund and corporate services, and the Bank of Cyprus, the event discussed Cyprus’ position following the UK’s vote to leave the European Union, led by senior panel members from all organisations.
Cyprus is fast becoming a location of choice for many promoters and fund managers, as evidenced by the existing 162 internationally recognised fund serviced providers already
The South African and Kenyan offices of pan-African law firm Bowmans, together with international law firm Freshfields Bruckhaus Deringer and Nigerian law firm Udo Udoma & Belo-Osagie, will launch their inaugural African Private Equity Academy in Sandton this week.
Over 100 delegates from across Africa will attend the launch of the academy.
John Bellew, the head of private equity at Bowmans, says the academy is targeted primarily at junior to mid-level private equity deal executives and is intended to highlight important legal and commercial issues that should be addressed in negotiating private equity transactions, both in South Africa and more broadly within the rest
The fourth annual Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February in the Cayman Islands, will convene leading thinkers and decisions makers from across the industry as they explore this year’s theme, “Defying Gravity: The Future of Alternative Investments in Exceptional Times.”
In a change of venue, CAIS 2017 will be held at the brand new, Kimpton Seafire Resort + Spa, which is owned by Dart Enterprises, the host sponsor for CAIS.
The Cayman Islands, with over 11,000 regulated funds, has long been a home for the alternative industry. So it’s no surprise that CAIS regularly draws some of
The pace of consolidation within the hedge fund administration space shows no let-up, with MUFJ Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, having just announced its latest acquisition; Rydex Fund Services, a 1940-Act fund administration business formerly owned by Guggenheim Investments.
One of the reasons fuelling this trend is that hedge fund managers and their end investors are looking for a flight to quality, as well as security (from a size and scale perspective).
"They want administrators with a diverse book that can support a wide range of funds and support them as they continue to
In order for the alternative funds industry to evolve one point that needs to be addressed is that the term 'Hedge Fund Administration' is too narrow. Firstly, one cannot avoid a trend towards convergence within alternatives that has steadily gained traction in recent years as hedge fund managers develop more private equity-like fund strategies, and vice-versa; this has resulted in the term 'hybrid fund' being bandied about.
Secondly, as traditional asset managers and asset allocators move beyond the concept of hedge funds as a distinct asset class and move towards portfolio strategies such as risk factor analysis, engineered beta, and synthetic
Conifer Financial Services is one of the world's leading independent fund administrators. It has more than 200 clients representing more than USD110 billion of combined assets under administration (AuA) and has a strong footprint in both the US and Asia (Singapore) following its successful merger with Vastardis Capital in 2014.
Speaking with Hedgeweek, Jack McDonald (pictured), President and CEO of Conifer Financial Services, says he is not surprised by the recent acquisition activity in the industry. In his view, fund administration is, in many regards, a scale game and consolidation will continue over the near term.
"While bigger isn't necessarily
There is plenty of scope for further consolidation in the hedge fund administration space, but only those with a clear strategic vision and a willingness to reinvest in their businesses will likely emerge as tomorrow’s winners.
Consolidation in the hedge fund administration space remains a prominent trend and as investment banks re-assess the profitability of non-core business divisions and small administrators sink or merge in response to market complexity, it is one that is unlikely to end anytime soon.
In the last few years Goldman Sachs has sold its fund administration business, BNP Paribas acquired Credit Suisse's fund administration division,
HarbourVest Global Private Equity (HVPE) has consolidated its listing on the Main Market of the London Stock Exchange and has delisted from Euronext Amsterdam.
It says the consolidation will result in reduced administrative and legal costs and will simplify the continuing operation of the company.
Subsequent to the delisting from Euronext, shareholders who obtained their shares through the Euronext Amsterdam will continue to be able to trade these shares on the London Stock Exchange.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
