French venture capital firm France Active has moved away from spreadsheets and manual processes and will automate its investment accounting operations as well as centralize its accounting book of record via a Clearwater Analytics platform. Based in Montreuil, France, France Active, founded in 1988, is a nonprofit that invests in “socially committed” French companies such… Read More >>
Emerging PE Firms Must Bolster Ops IT: Survey
Emerging managers in the private equity space are facing the tightly related challenges of having to increase their allocation to private debt and private equity over the next 12 months while also bolstering their operational technology to meet the transparency and reporting demands of limited partners (LPs). This is the topline result of a survey… Read More >>
USAA Outsources Fund Accounting to SS&C & Other News
USAA to Shift 60 Staff Members to SS&C GlobeOp SS&C Technologies Holdings, Inc. reports that it has entered into an “outsourced administration arrangement with USAA Real Estate.” Based in San Antonio, Texas, USAA Real Estate acquires, develops, finances, and manages real estate assets in North America and Europe, and manages approximately $35 billion in net… Read More >>
Form PF Gets an Overhaul via the SEC & CFTC
Form PF is experiencing growing pains after its first decade. Those firms that are required to use Form PF to report confidential information on private funds will be providing many more details if key amendments are ultimately adopted by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) The new… Read More >>
SEC Moves to Revamp Form PF & Other Briefs
SEC Lowers the PE Threshold for Form PF The SEC is proposing changes to Form PF, which is the reporting form “for certain SEC-registered investment advisers to private funds,” including lowering the threshold for firms that come into scope for the reporting requirement. The SEC proposal “would decrease the reporting threshold for large private equity… Read More >>
Industry Vet to Head SS&C Unit focused on Private Capital
SS&C Technologies, a provider of fintech software and software-enabled services, reports the creation of a new business unit focused on the private capital market, and the appointment of Bob Shepro as senior vice president, responsible for heading the new unit. The appointment reunites Shepro with SS&C, “where he previously headed product strategy in the late… Read More >>
