Fund administrator Aztec Group has selected Fenergo, a cloud-enabled 'software as a service' CLM solution, to replace its legacy systems for onboarding and compliance.
Rising expenses, and the challenge for many LPs of getting the financial data they need to justify the costs, are leading to misalignment between managers and their fund investors.
'Plan ahead' is the byword for CFOs in charge of managing subscription credit lines and bank relationships, as higher staff turnover and changes in risk appetite at lenders have accompanied an evolution into an otherwise more transparent market.
Neuberger Berman's Brien Smith talks to senior editor Isobel Markham about what he sees as the most important near-term regulatory developments in private funds