The Steve Darrington Series: ep5 Tax and carry
15.10.2024 – Articles
In this episode, Steve Darrington, explores the most pressing topic for the UK industry right now: the tax treatment of carried interest.
Topics
The COO and succession
14.10.2024 – Articles
Federated Hermes’ COO Karen Sands details the technical side of the succession process, including LP communication, tackling regulatory requirements and managing change while maintaining stability.
Fitch releases primer on SFF securitizations
10.10.2024 – Articles
As banks respond to Basel III requirements, the securitization of subscription finance facilities (SFF) opens up a low risk underlying asset class to a wider set of investors.
The Steve Darrington Series: ep 4 The future of PE
09.10.2024 – Articles
In this episode, Steve Darrington, recently retired chief risk and finance officer of Phoenix Equity Partners, discusses the future business model of private equity firms, from the importance of harnessing data to growing AUM vs generating alpha.
The lesser of two evils
07.10.2024 – Articles
The hunt for liquidity continues as exits remain lacklustre. Using NAV facilities for distributions is fast becoming a no-no, which leaves continuation vehicles as the better option, or at least not the worst.
How does your fund admin stack up?
02.10.2024 – Articles
Preqin’s latest service provider report ranks prominent fund admins by fund size, AUA, region and more.
The Steve Darrington Series: ep3 Risk philosophy
01.10.2024 – Articles
In this episode Steve explains how his particular outlook on risk evolved, the roots of which trace back to a formative litigious incident in his early career.
Affinity inquiry highlights growing geopolitical risks
01.10.2024 – Articles
The recently launched US Senate’s investigation into Affinity Partners underscores the increasing geopolitical risks faced by private equity firms.
Less than 14% of senior roles held by women
01.10.2024 – Articles
The second edition of Level 20’s Report on gender diversity in European private equity and venture capital shows small improvements.
The concerns section of a due diligence report
01.10.2024 – Articles
LP-GP expert Anthony Kwesi Hagan, highlights several ways effective and ineffective counterarguments are constructed in the concerns section of due diligence reports. He urges GPs to ease the report-building process for LP through honest exchanges, unwavering transparency, and authentic objectivity.
Baseless virtue signalling
27.09.2024 – Articles
Key findings from Pitchbook’s sustainable investment survey.
The $25bn clawback liability
26.09.2024 – Articles
New study reveals scale of clawback risk created by the American waterfall structure.
Power switch
25.09.2024 – Articles
As funds continue to digitise, is switching fund admin getting any easier? We sat down with IQ-EQ’s Justin Partington to find out.
Reputational risk
24.09.2024 – Articles
Anthony Kwesi Hagan, LP-GP relationship expert and founder of Freedomization, details the ways in which LPs attempt to map out a GP’s character.
The Steve Darrington Series: ep2 20+years of PE
24.09.2024 – Articles
In this episode, Steve looks back over his 20-plus year career in private equity; he talks about how the industry was back when he started out and how it’s changed up into this point.
The quick and dirty guide to AI
19.09.2024 – Articles
Simple steps you can take right away to build your strategy and kickstart your AI journey.
The Steve Darrington Series: ep1 Succession
18.09.2024 – Podcasts & Videos
In this first instalment of the Steve Darrington Series, we discuss his departure from Phoenix from the personal, emotional and practical perspectives. Steve talks through the full process, from making the decision to retire, internal negotiations, sourcing a successor and communication with LPs.
Lux perpetua
18.09.2024 – Articles
New figures demonstrate robust growth and resilience for the Luxembourg funds industry in 2023, with PE regulated and unregulated funds reaching €1.2trn across over 5,040 funds and sub-funds.
LPs can do better
17.09.2024 – Articles
Anthony Kwesi Hagan, founder and head of research at Freedomization, turns the ‘fault-seeking magnifying glass inwards’ and calls out LP behaviours not conducive to a constructive relationship. These include: giving false hope, ghosting, lecturing and being just plain rude.
Forget the J-curve, focus on the alignment curve
16.09.2024 – Articles
An active focus on alignment and collaboration is the most powerful driver of returns AND the most important risk management tool.