Tom Auchterlonie
Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.
'Purpose built' offering features LP reporting, portfolio management and accounting.
Teams will fall under joint leadership, with industry vet Jeff Johnston as head.
Series C proceeds will go towards ongoing technology investments.
Placement agent and tech company launch Influent to help GPs cater to retail and smaller institutional investors
Citco report finds only around 15% of NAV loans are used for LP distributions.
'If the rule gets vacated, we are still going to push this project forward,' says ILPA’s Neal Prunier.
Fund administrator aims to help sponsors struggling to find suitable finance chiefs, and it landed a former GP CFO who is joining the offering’s team.
Service provider boosts European presence in a deal meant to follow clientele that are also growing into international markets.
Funds see retail investors as a big source of opportunity – and associated challenges – in Europe, and new rules could help fuel growth.