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The Drawdown hopes these awards act as a catalyst to drive up service standards and operations across the sector. The rigorous judging process, based on the views of a panel of leading private capital fund COOs, CFOs, CCOs, GCs and CTOs, ensures these awards stand out from the crowd as ‘ones to win’. The Drawdown Awards celebrate excellence and innovation within private capital fund operations. “It is especially gratifying to see our ESG solutions recognised as we continue to listen to our clients and the global trend towards more sustainability within financial service providers.” “It is a real testament to the teams involved that we have been shortlisted in three categories for services which span the Channel Islands, London, Europe and the US.” said Jon Jennings, Group Head of ICS at JTC. Its ManCo services and private equity solutions have also seen significant expansion within the Institutional Client Services (ICS) division. The Jersey-headquartered firm features in the fund administration categories for ESG, Management Company (ManCo) and overall for companies with under $50 billion assets under administration (specifically for private equity).įollowing the additions of JTC Americas and INDOS Financial to the JTC Group, the company has significantly developed its Environmental, Social and Governance (ESG) offering. JTC has been shortlisted in three categories at The Drawdown Awards which celebrate the best service providers in the private capital industry. The winners of The Drawdown’s Private Equity Service Awards will be announced at a black tie dinner in London, on Tuesday, 12 June 2018.JTC Shortlisted for Three Private Equity Awards To achieve this, we strive to appoint the best people in the industry with expert knowledge and a collaborative nature, whilst being located in recognised global finance centres with scaled operational capabilities.’ ‘As a leading global alternative asset administration business, we are committed to continually improving the depth of expertise that we offer to our clients. This post considers what happens when there is a subsequent closing and, in particular, what is meant by equalisation (the ‘true-up'). For the third post, Drawdowns, click here.
DRAWDOWN PRIVATE EQUITY SERIES
This is the fourth in a series of posts on private equity fund accounting. It is extremely gratifying that our success in service excellence, technology and commitment to providing the highest standards for our clients has been recognised. Private Equity Fund Accounting - Subsequent Closings & Equalisation. Funds of a certain vintage may benefit from. While volatility is not as dramatic in private markets as it is in the public markets, private markets are also subject to cycles. By devising a robust investment strategy, Fund Managers are able to mitigate business risks in order to foresee an optimistic overview on Internal Rate of Returns and impact where applicable. A private equity fund’s vintage year, the year in which it makes its first investment, effectively starts the clock on the 10-year term of a typical fund. Martin Schnaier, Chief Commercial Officer at SANNE, said: ‘We are very proud to be shortlisted for such a stand-out award. Every Private Equity Fund is unique in itself when it comes to operations, and its structure differs accordingly. The ‘Over $30bn’ category is designed to recognise larger private equity administrators that have effectively delivered across the board in client and revenue growth, new products, tools or brand developments, as well as demonstrated new thinking and top-class service standards. The prestigious awards aim to celebrate and reward private equity service providers that have demonstrated exceptional client service, innovative product development, and strong and sustainable business growth over the past year. SANNE has been shortlisted in the ‘Over $30bn’ (total global private equity assets under administration) category for fund administration services in The Drawdown’s Private Equity Service Awards 2018. MEDIA RELEASE: The views expressed in this article are those of the author and not Bailiwick Express, and the text is reproduced exactly as supplied to us