June 2018 Issue

    Tech Q&A: Bridging the digital divide

    Whether it’s due diligence, data exchange or tax software, technology poses some of the biggest issues for a modern private equity firm. We asked leading tech experts to answer some of the most common conundrums.

    The price of Luxembourg’s Brexit bonus

    The Grand Duchy is a big beneficiary of Britain's decision to leave the EU, but locals are grumbling that life is not what it used to be.

    Top 10 fund administrators: consolidating growth

    M&A activity remains robust among fund administrators.

    Fund domiciles: Jockeying for position

    As the deadline for the UK to leave the EU approaches, Ireland and Luxembourg are winning the race to be the domicile of choice for London-based managers.

    Riverside’s CIO on managing cyber-risk

    GPs can take seven simple steps to improve their cybersecurity, says Eric Feldman, chief information officer of The Riverside Company.

    How to hire a CFO

    Compensation is crucial, but a seat at the table is increasingly important to back-office job-seekers.

    The BEPS effect

    The global initiative is reshaping firm and fund structures.

    The arms race in fund admin

    The complexity of fund administration is creating competition among service providers for talent and technology.

    In the midst of a sea change

    Today’s fund administrators are a far cry from yesterday’s accounting firm spin-offs, offering services from back office outsourcing through to risk management and performance attribution, says Steven Millner of Gen II Fund Services.

    Is it time to declutter?

    Increased complexity in fund management and the rise of technological solutions are leading private equity firms to take a long, hard look at their back and middle office functions, says Emmanuel Raffner of Alter Domus.

    How to meet operational challenges

    GPs must offer investors a more personal experience if they want to maintain a competitive advantage, say Jim Cass and Rich Harland of SEI.

    Held in trust

    In an increasingly challenging investment environment, limited partners are focusing more on market risk profiles to drive improved investments, say Intertrust’s Paul Lawrence and James Ferguson.

    Getting outsourcing in sync

    As LP demands and regulatory complexity fuel growth in outsourcing, Joe Patellaro and Rishi Khanna of SS&C GlobeOp discuss how GPs can select the right service provider and ensure a smooth onboarding process.

    Spotify listing may prompt European VC renaissance

    The sector may be entering a new phase, while secondaries buyers are keeping a close eye on the market.

    Snoop Dogg’s VC firm seeks high returns

    The rapper's cannabis-focused venture capital firm is looking for 10x returns with its debut fund. Managing partner Karan Wadhera talks strategy.

    Aussie superfunds back local VC

    Institutional investment into Australian innovation is rising, spurred by the increasingly global nature of these businesses.

    US private equity funds look abroad

    International capital is flowing into US funds, but the vehicles are increasingly looking outside the country for opportunities.

    Hitting the headlines: reputational risk in VC

    All venture capital firms want explosive growth in their portfolio companies, but it can come with an unwelcome side effect: poor governance.

    Venture capital special: fundraising is ‘frenzied’

    Fundraising continues apace as LP appetite for exposure to tech-related growth heats up.

    The voice of LPs

    Steve Nelson speaks for half of the institutional money invested in private equity. What’s he going to say? He tells PEI his plans for ILPA and the next clash between LPs and GPs.

    Los Angeles Fire & Police tops public pension performance ranking

    Research institute HEC ranked US public pensions' buyout funds on risk and return.

    Sequoia reveals performance figures to attract LPs

    The venture giant’s 15-year veil of secrecy will be lifted after it bowed to Washington State Investment Board’s transparency policy in its hunt for new investors – and $8bn.

    The $1.6bn private equity debutant

    Logistics real estate group GLP has burst on to the private equity scene with a 10 billion yuan fund. But who is the man behind the money?

    What Mubadala did next

    A huge stapled secondaries deal last April set sovereign wealth fund Mubadala on the road to being a third-party fund manager, but what has it done with the capital?

    Logistics giant plants $1.6bn flag in private equity – exclusive

    GLP will seek to capitalise on its sector insight to invest in emerging technologies.

    North Africa expands towards sub-Saharan Africa

    GPs in the region, which is traditionally bracketed with the Middle East, are now looking southwards.

    MENA in three charts

    Capital raised in the region appears to be dropping, but private equity and VC deals are rising.

    Abraaj problems pose threat to MENA fundraising

    Developments at Abraaj Group mean LPs should conduct even more rigorous due diligence when considering MENA commitments.

    Space for private equity in Saudi’s grand vision

    The country's sovereign wealth fund, Public Investment Fund, wants to become the world’s largest with the help of private equity.

    Dissecting the limited partnership agreement

    The fundamental building block of the relationship between a manager and its investors is changing, but how is it best negotiated?

    All change in the Middle East

    The private equity landscape in the Gulf is changing radically, but some of the region’s endemic challenges remain.

    Secondaries’ new $6.3trn player

    Why BlackRock is now entering the fray.

    The multi-speed approach to beating the cycle

    Rather than piling into distressed strategies based on a hunch about the cycle turning, LPs may be better off diversifying by type of manager.

    The corporates are coming

    Is the private equity asset class being invaded by a new breed of manager?

    Edi Truell: low salary behind lack of UK pension PE appetite

    Pension pooling will not only reduce costs but allow UK pensions to hire people that can go toe-to-toe with private equity managers, argues Pension SuperFund creator Edi Truell.

    Denmark PKA AIP: selecting top GPs is crucial

    Anette Eberhard, who will oversee private equity at the alternatives manager of the Danish pension, talks about the team's expansion plans, new mandates and direct investments.