June 2018 Issue

Real estate fund managers expect to increase outsourcing of fund adminstration in 2018-19, and see regulation as most likely to affect their business over the next three years.

Potential regulatory disruption is driving managers towards the fund domiciles they know. 

What’s changing? What’s new? Justin Storms, partner, and Emily Harmsworth, counsel, at Linklaters, discuss what’s in fashion in today’s marketplace.

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

Starting a general partnership has its challenges. But getting some of the essentials right in the back office are critical in helping GPs dedicate their time on fundraising, says WithumSmith+Brown’s Tom Angell.

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

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

Fund finance facilities have traditionally been linked to uncalled LP commitments, but the focus is increasingly now on underlying portfolio investments. Leon Stephenson of Reed Smith explains the trend

Technology is forcing disruption in the asset class as EY’s Zeeshan Ahmed, José Aubourg and Nicolas Tinant explain.

The LP group wants to see some changes, but at the same time retain certain rules, such as disclosure of AUM for large PE firms.

Is the internal rate of return the most appropriate way of presenting investment performance?

A single document submitted to the IRS to change the firm’s tax status will have concrete changes for the alternative asset manager, management says.

Food for thought for those firms mulling switching from partnership to corporation.