Blogs

On August 23, 2023, the SEC adopted sweeping new rules governing private funds. These new rules and amendments are an effort to increase transparency, help protect private fund investors, and increase competition. In this article, we’ll summarize the rules and other information about these upcoming compliance changes. Please note: This article is intended as general information only and is not intended as legal advice. As with all new rules and amendments, it is common to expect future clarifications that may…...

In today's dynamic environment, fund managers face numerous challenges, including increased regulatory demands and the need for greater transparency to their investors. To navigate these pressures and stay competitive, many firms are turning to better fund administration capabilities. Consequently, the decision to switch fund administrators has become a significant undertaking that requires careful planning and consideration. This blog will provide a comprehensive checklist for fund managers contemplating a switch, covering operational considerations, legal and regulatory aspects, reputation and service consistency,…...

Organizations incorporated in the British Virgin Islands must now fulfill a mandatory obligation to submit annual financial information to regulatory authorities. This new requirement came into effect in 2023, with the first reports coming due beginning in 2024.  We’ll cover what you need to know and, more importantly, what you need to provide to stay compliant with the new BVI Annual Returns regulation. What is a BVI Annual Return? A BVI Annual Return is a mandatory yearly filing for companies…...

In 2023, private equity and venture capital grappled with the twin forces of inflation and rising interest rates. Not surprisingly, these pressures impacted deal flow and valuations, according to Bain & Company. More of the same is likely for 2024, although, at the same time, firms are rapidly adapting to these headwinds. Evidence of that change can already be seen: despite the decline in dollars invested in venture capital in 2023, the number of deals completed remained strong. Let’s take…...

Regulated entities operating within the jurisdiction of the Cayman Islands are now subject to newly implemented rules by the Cayman Islands Monetary Authority (CIMA) concerning internal controls. These rules, which took effect on October 14, 2023, aim to enhance the operational integrity of businesses, protect client assets, maintain precise record-keeping, and ensure the generation of credible financial, operational, and regulatory reports.  The regulation delineates five essential components that regulated entities must adhere to in order to meet the internal control…...

Today’s advanced technology has transformed industries worldwide, creating new efficiencies and opportunities.  Not surprisingly, many participants in the private capital industry have been reaping the benefits as well.  However, if your firm has not yet jumped on this trend, now is the time to ensure you stay competitive.    In this article, we'll look at how the industry is engaging with these technologies and how your firm can benefit. Tackling Data Management Challenges Asset managers, especially those specializing in alternatives, have…...

How to Prepare for Rising ESG Fund Compliance Requirements Once considered a trend, ESG, or Environmental, Social and Governance, has evolved into one of the strongest themes in today's financial world. Recently, we’ve watched lawmakers move proposals from suggestions to new laws.  Now, implementation woes are being felt widely as funds seek to comply with new legislation that is a challenge to interpret. [i] Most fund managers will find themselves wrestling with new requirements soon if they are not dealing…...

The pandemic provided a significant boost to the private equity industry.  Fueled by a COVID-induced technology boom, 2021 was a record-breaking year with $1.2 trillion in deals. [i] Then, 2022 turned out to be the second biggest year in history, with almost $730 billion in private equity transactions.[ii]  As we get started in 2023, where is the industry likely headed? Will Private Equity Continue with Its Strong Momentum? With two back-to-back record years, 2023 is eagerly anticipated.  What will it…...

According to Blackrock, the private equity industry tripled in the past decade and continues to grow at a lightning pace. This explosive growth has been fuelled partly by an increase in institutional investment.  As these dominant investors have rushed in, they have brought significant influence to them.  Frustrated by the traditional opacity of the market, these investors have pushed for more private equity transparency in fees.  By funnelling their voices through the influential Institutional Limited Partners Association (ILPA), there's no…...

If you’re a private equity or venture capital fund manager, few decisions are as critical as how you manage your back office.  Between potential liability, overhead and impact on your time, these operations inevitably influence your bottom line.  That's why fund managers are increasingly choosing to outsource these functions.  But fund administrators vary in their capabilities and the type of clients they serve. Here are five critical questions to ask to find the best fund administrator for your alternative assets…...