Editorial: The brain gain

Private equity is predicted to grow, despite the disruption caused by the pandemic that last year caused valuation problems in the asset class.

In the US, for example, analysts at PitchBook predict fundraising will surpass the 2019 high-water mark of around $317 billion as more institutional investors make allocations.

Growing alongside private equity (and other private-markets) funds over the past decade have been specialist fund administrators. Their assets under administration are much smaller than those of the traditional administrators – typically owned by custodian banks – but it seems inevitable that assets will grow.

Specialist firms have poached staff from their larger rivals in pursuit of growth and this month’s cover story looks more closely at the underlying reasons for this ‘brain gain’.

An increase in the regulatory expertise needed for compliance with the AIFMD is one of the main reasons specialists are recruiting “boring bankers”.

Nick Fitzpatrick, group editor of Funds Europe

© 2021 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Through AI and ML and cloud-enabled ecosystems, managers are finding ways to cut operating costs, supercharge the customer experience and add value to the bottom line.
FIND OUT MORE

PRIVATE MARKETS FUND ADMIN REPORT

LATEST PODCAST