News

We note the welcome news that the European summer will be somewhat more liberating than the spring, with most European countries adopting a gradual relaxation of Covid-19 lockdown rules. We must join forces to control this disease – by observing good hygiene and proper distancing, we can all do our part in limiting its spread. As a responsible company, Linnovate Partners places the health and safety of its employees and clients at the top of our concerns. With localised outbreaks…...

9 July saw the enactment of Hong Kong’s Limited Partnership Fund Ordinance, effective 31 August 2020. The new regime provides a welcome option for fund managers on top of the well known destinations that are already available. Hong Kong is the gateway to China, and is ideally placed for managers wanting a deep, well connected and bright talent pool to support their operations and investment sourcing. For more information, please visit our previous blog post here. If you are thinking…...

The management and Board of Linnovate Partners are delighted to announce that we have been awarded the title of Best Fund Administrator – Private Equity / Venture Capital for 2020 by The Asset, Asia’s leading research and publication title for the financial industry. This prestigious prize is highly sought after each year, and we are honoured to be recognised in this way, in a very competitive field. Commenting on the award, Founder and CEO of Linnovate Partners, Henry Lin said:…...

In order to provide additional support to our clients, we are pleased to announce that Linnovate Partners has been officially licensed as a TCSP (Trust or Company Service Provider) by the Companies Registry in Hong Kong. With the new Limited Partnership Funds regime starting in August 2020, we are looking to provide a broader corporate services and compliance offering to our clients for their international requirements. Our TCSP service will be provided as part of our Fund Administration division reporting…...

Linnovate Partners welcomes senior appointments to its Singapore team. Jasmine Lim has been appointed as Senior Fund Accounting Manager. She brings to the team more than a decade of experience in senior roles spanning across Fund Administration, Audit and Fund Operations. Maureen Lim has been appointed as Fund Accounting Manager, having previously worked in the financial controlling role at Jupiter Impact Partners, ADV Partners Capital, CHAMP Private Equity and 3i . Commenting on the new appointments, Managing Director of Alternative…...

Just an update on the inaugural Linnovate Partners Robot Building Competition. Due to an influx of new team members and internal promotions in April, we’ve recalibrated the competition to now include three teams comprised from our Research & Development (R&D) and Alternative Fund Services (AFS) departments. To ensure a management neutral collaborative environment, the senior management will not be taking part in the build, and will instead cheer from the sideline. Best of luck to our participants and we will…...

We wanted to have a look at a topic that always present in our industry but even more so in light of the current world crisis. Recently there has been an increased focus on more inclusive valuation methods, with an increasing opinion that traditional ways of determining business value are insufficient to deal with fast moving businesses in the modern era. Different methods result in different valuations. This is ever important given the lack of an open market for private…...

Our friends at Private Equity International have recently published the results of a survey of GPs and LPs conducted at the end of March 2020, on the effect of Covid-19 on fundraising and LP relations. One eye-opening finding was that nearly two-thirds of LPs feel that they do not have good visibility on the effect of Covid-19 on their underlying portfolio companies. We found this somewhat surprising since it has been an area of focus for service providers and software…...

Linnovate Partners, the new force in alternative assets servicing with cutting-edge technology, is seeking a dynamic, driven individual with a passion for fintech and a thirst for learning, to be their new BD and Sales Executive. The role is based in our Hong Kong headquarters but has an international remit. The successful applicant will have excellent language skills, and the ability to clearly enunciate our vision to prospective clients. Knowledge of alternative assets will be looked on favourably but is…...

On 20 March 2020, the Government of the Hong Kong Special Administrative Region (HKSAR) gazetted the Limited Partnership Fund (LPF) Bill. This Bill is a key pillar of the HKSAR Government’s desire to make Hong Kong a more attractive destination for alternative asset investment funds. This move is driven by Hong Kong’s status as an international financial centre, and takes place in a cross-border environment of increased regulatory attention – for example on economic substance. The proposed effective date of…...