Belasko is proud to sponsor the BVCA Tax Policy Conference on Tuesday 19 November in London. This is a key event in the funds diary, attracting senior tax, legal, and regulatory experts from the private equity and venture capital sectors. The conference will delve into the latest developments and policies shaping the private markets industry, providing essential updates on UK and international tax law, legal frameworks, and regulations that impact fund structuring, transactions, and compliance.
Topics covered will include:
– The latest UK tax policies affecting private markets
– Cross-border tax and regulatory challenges
– Evolving legal frameworks for fund management and investment structures
– Compliance updates and best practices
The ALFI Private Assets Conference in Luxembourg brought together industry experts to discuss the latest trends and challenges in private assets. Greg McKenzie, Country Head of Luxembourg, and John Russell, Director, share some of their key takeaways from the event.
Market trends:
The fundraising environment remains challenging, with asset managers tightening strategies as they navigate market uncertainty. Whether launching their seventh or first fund, asset managers are dealing with a more concentrated market and a global decline in IPO activity.
Europe remains cautious, particularly due to the potential impact of the upcoming U.S. elections. Despite these challenges, the CSSF continues to support a pro-business and pragmatic approach, modernising regulations to adapt to market needs. Luxembourg’s clear regulatory framework, combined with its strong interconnected funds ecosystem, continues to cement its position as a favoured jurisdiction, with practical tax structures like no VAT on management fees.
NAV financing:
NAV (Net Asset Value) financing is gaining traction in the private equity space, providing flexibility for managers with the capacity to underwrite credit and assess underlying performance. NAV financing enables quicker access to liquidity at the fund level and is a useful tool for deleveraging portfolio companies and freeing up liquidity for operational and capital expenditures.
Fundraising insights:
The fundraising landscape is undergoing several shifts:
Secondaries and private debt are becoming more prominent, fuelled by rising interest rates and changing investor preferences.
A shift toward retail investors is evident, albeit still quite slow, with products like ELTIFs and UCI Part IIs becoming more popular, though UCI Part II is restricted to semi-professional investors. Family offices are also very active in this space.
Listings are increasingly important, enabling asset managers to target a broader investor base. This supports the movement toward “deretailisation,” focusing on high-net-worth individuals and institutional capital over retail investors.
Preqin’s “Alternative 2029” report predicts a slowdown in the growth of alternative assets under management (AUM) until 2029, but private equity, infrastructure, and private debt are expected to grow significantly. European private capital fundraising is also expected to rise by 2026.
ESG and greenwashing:
The discussion around ESG evolved from greenwashing (overstating sustainability claims) to greenhushing (downplaying ESG initiatives to avoid scrutiny). This shift reflects a growing focus on delivering real accountability rather than ticking boxes. According to a 2022 report by PwC, nearly 90% of investors believe that corporate sustainability reports contain greenwashing.
Greenwashing concerns have been a focus of regulatory action, with firms like Deutsche Bank’s DWS agreeing to pay the SEC $19million to settle charges of greenwashing. As a result, sustainable assessments need to be embedded from the outset, capturing the right data to meet material risk requirements.
The biggest challenge lies in collecting and integrating reliable, complete data to support ESG initiatives. Private markets have a key advantage over public markets in this area, as private investors can directly influence data requirements by sitting on boards and defining the parameters for sustainability reporting.
The role of technology and data in private assets:
Technology is playing an ever-larger role in asset management. The rise of Artificial Intelligence (AI) in analysing data, alongside the global push for regulatory convergence, is expected to shape future developments. There is growing pressure on fund administrators to meet investor demands for transparency and scalability, with fund of funds investors particularly focused on look-through reporting.
Digital assets and Luxembourg’s regulatory flexibility:
Luxembourg’s regulator has demonstrated flexibility and bravery in supporting digital assets, providing clear regulatory frameworks that allow this asset class to flourish. This proactiveness aligns with Luxembourg’s interconnected funds ecosystem, ensuring that digital assets can integrate into traditional financial structures with ease.
Future outlook:
As the private markets sector continues to evolve, we can expect significant advancements in AI-driven data analysis and regulatory alignment on a global scale. Product innovations are likely to follow in the coming years, with enhanced tools for capturing and managing sustainable investments.
This year’s conference underscored the importance of adaptability, particularly in navigating a challenging fundraising landscape, leveraging technology for growth, and integrating ESG considerations into long-term strategies. Asset managers will need to embrace innovation and remain proactive in meeting evolving investor demands.
Belasko in Luxembourg provides tailored, personalised fund services and our team has extensive experience in servicing global private capital firms. We excel in managing complex AIFs and holding structures, offering comprehensive end-to-end fund administration and corporate services.
With a deep understanding of the Luxembourg regulatory landscape, we offer a reliable and proactive service, underpinned by leading technology, to help clients navigate the complexities of private capital investments with confidence.
Get in touch with Greg McKenzie ([email protected]) or John Russell ([email protected]) to discuss how we can support setting up your next fund in Luxembourg.
Last week, Belasko were proud sponsors of the BVCA Annual Summit, the flagship event for the private capital industry, attracting over 1,000 attendees from across the ecosystem.
This year’s theme, “Partners for Growth,” emphasised the evolving role of private capital in driving innovation, partnerships, and investment in people as the industry moves into its next phase. Ross Youngs, our Chief Commercial Officer, shares the key highlights from this year’s summit.
Recovery expectations and market outlook: There is an important yet subtle shift recognising the worst is behind us. Panellists cited that the market may not fully recover until 2026 or 2027 however we expect the IPO market to reopen in 2025 and interest rates to continue to decline supporting growth. They also highlighted that whilst the M&A market is subdued, there are deal flow opportunities coming from the mid-market (£50-500million) as well as from family-owned businesses.
Optimism in venture capital: With asset prices low and competition reduced, Managers view this as a prime opportunity to act. As highlighted by Isomer Capital, now is the time to strike, capitalising on lower valuations to fuel growth.
Artificial intelligence (AI) and technology – long-term investment and integration: AI continues to dominate discussions, with the consensus that AI’s investment cycle will span the next 20 years. Investors are increasingly focused on software that connects industries, utilising AI to drive efficiency across verticals and horizontals. However, as AI advances, so does the need for stronger cybersecurity management to protect against sophisticated threats.
Government support and the UK’s venture capital position: Government support for the private capital sector was a key theme, with Tulip Siddiq, Treasury Minister, pledging a stable, low-tax environment to foster investment. Reducing the funding gap for Series B and C is an important priority to enable British business to flourish. Initiatives include encouraging pension funds to invest in the space and reforming planning to support these industries.
Private credit and stable investment options: Demand for private credit remains strong, offering stability for fundraising and yielding steady returns. Investors continue to seek more evergreen solutions that provide cash yield stability, while the rise of software as a service (SaaS) also presents attractive opportunities.
Liquidity tools on the rise: Liquidity options have expanded significantly in recent years, with access to over 25 different platforms now available, compared to just one a short time ago. This rise in liquidity solutions is helping businesses navigate the challenging market conditions, particularly as more opportunities emerge in the secondaries market.
The 2024 BVCA Summit offered a comprehensive look at the evolving landscape of private capital, providing delegates with valuable insights into the future of the industry. From AI integration to government backing and the continued rise of the secondary market, the next decade promises significant transformation, and the private capital market is well-positioned to drive this growth forward.
If you’d like to discuss how Belasko can support your business with achieving your growth goals and capitalising on new opportunities, get in touch with Ross Youngs ([email protected]) to arrange a meeting.
ESG has fast become one of the better-known acronyms in financial services, continuing to dominate news headlines. As a result of this, buyers of goods and services are now differentiating where they allocate capital and prioritising businesses pushing to make a difference. This has shifted ESG and sustainable finance from just buzzwords to critical components of the financial landscape.
Despite a cooling in ESG fundraising to $91 billion globally in 2023, there has been a notable resurgence in 2024, with $55 billion raised by April alone[1]. This rebound highlights the sustained interest and commitment to ESG principles among investors and fund managers. And, according to PwC, analysts expect ESG AUM to reach c20% of Global AUM or $33.9trn by 2026 ($18.4trn 2021).
Interestingly, while the performance difference between ESG funds (13.5% IRR) and non-ESG funds (15% IRR) is not significant, ESG funds tend to exhibit lower variance. This lower risk profile can be appealing to investors seeking stability. Moreover, six out of ten investors have either rejected an attractive investment opportunity or would do so based on ESG concerns, underscoring the growing importance of these factors in investment decisions[2].
Ross Youngs, Chief Commercial Officer at Belasko, identifies how ESG is shaping the future of investment, the impact on our clients and the business’ proactive approach to lead the way.
How are our clients impacted?
Our fund clients experience varying degrees of impact from ESG, largely influenced by their size and marketing strategies. Many clients share our proactive stance and have generally adopted two distinct approaches based on the level of regulation required:
The Sustainable Finance Disclosure Regulation (SFDR): A key regulatory framework in the EU that governs the transparency and reporting of sustainability-related information by financial market participants.
The Principles for Responsible Investing (PRI): Where SFDR has not been relevant, our clients have chosen voluntary compliance with the PRI which provides a set of ESG principles designed to foster a positive, sustainable impact within the global financial system.
Unpacking the SFDR
There are three levels of regulation applicable to funds marketed in Europe under the SFDR:
Article 9: These funds are dedicated to achieving specific sustainable objectives. They have strict requirements on how they achieve their goals. There has been a great deal of focus on this category of fund with rigorous evidential reporting. Due to these high standards, about 40% of Article 9 funds, representing $175 billion, have reclassified to Article 8.
Article 8: These funds promote positive environmental, social, and governance characteristics without necessarily having them as their primary objectives.
Article 6: This category includes funds that do not integrate sustainability considerations into their investment strategies.
These three levels of regulation serve as stepping stones depending on where the business or fund is on its ESG journey.
How has ESG impacted Belasko?
At Belasko, we recognise the significant benefits of incorporating ESG into our business strategy. Although we’re not legally required to report on sustainability, we’ve taken a proactive approach in doing so by partnering with Terra Instinct to develop a Responsible Business Policy. This initiative includes forming a group-wide committee, defining relevant sustainable metrics relevant to our business, setting targets, and publishing an annual report on our ESG journey for clients and investors.
We anticipate that mandatory ESG reporting will become a reality for businesses like ours in the coming years. To stay ahead, we’re committed to being leaders in this space, continuously taking proactive steps to lead the way.
How can we help you?
No matter the complexity of compliance with the PRI or SFDR, there are common challenges that we can support you with.
Defining a policy of responsible investment: The policy must consider the fund’s impact on ESG factors and establishing data points to measure and track positive impact according to the goals set.
Data collection: While it may seem straightforward, data collection is not standardised across markets and countries so the sophistication and resource availability of portfolio companies to stream up the data sets can vary considerably.
Regulation and investor demand: With both evolving rapidly, our clients often lack the internal ESG resources to stay compliant therefore relying on Belasko to keep them informed.
We have developed an end-to-end solution in partnership with Terra Instinct to power auditable data collection. Terra Instinct are specialists when it comes to defining policy and collecting and validating data, as well as providing reasonable industry estimates where data is not available. The expertise of advisory specialists is crucial in ensuring data quality, which, in turn, ensures accurate and reliable reporting for investors.
Moving forward
It’s evident that ESG is here to stay, with a growing market expectation for sustainability considerations in both our personal and business lives. Adopting positive-impact principles is essential for future success.
If you’re looking to prepare for the future of ESG, get in touch with Ross Youngs at [email protected].
On 02 July, the JFSC announced new updates to the Jersey Private Fund (JPF) Guide, with Jersey Finance [1] providing a summary of the key changes to the regime that are designed to further enhance it.
Jersey Private Fund Guide: What’s New?
Carry and Co-Investment Vehicles
The new guidance recognises that co-investment can, in some cases, form part of a fund’s carry or incentive arrangements.
Investor Eligibility
General: Investor eligibility is now clarified, ensuring that eligibility criteria are satisfied upon admission and remain valid even if there’s a change in status (e.g., a departing employee, director, partner, or expert consultant).
Transfers: In involuntary interest transfer cases, such as death or bankruptcy, the transferee must meet the investor eligibility requirements, albeit not necessarily through the same criteria as the transferor.
Service Providers: The ‘professional investor’ category has been broadened, replacing ‘senior employee’ with ‘financially sophisticated employee’ and including ‘expert consultant’ for greater inclusivity and flexibility.
Governing Body
The JFSC now expects at least one Jersey resident director to be appointed to a JPF board or its governing body. The 2024 JPF annual compliance return will collect data on board compositions, including how many Jersey or non-Jersey resident directors and how many of those directors are employees of the Jersey-based designated service provider (DSP) on the board.
Non-JPF Arrangements
Guidelines for arrangements not classified as JPFs, including family and incentive arrangements like carry and co-investment vehicles, have also been updated. The definitions for employees and family connections now encompass trusts established for individuals meeting the expanded definition of ‘family connection.’
Additional Key Changes
Money Laundering and Outsourcing: References to the Money Laundering (Jersey) Order 2008 and the JFSC’s Outsourcing Policy have been included.
DSP Regulation: From July 2024, regulated persons registered solely for investment business under the Financial Services (Jersey) Law 1998 will no longer be able to apply as the DSP for a ‘very private’ JPF (with 15 or fewer offers/investors).
Benefits of Using a Jersey Private Fund
The JPF regime offers fund promoters a cost-effective, fast-track (48-hour) regulatory approval process for private funds, allowing up to 50 eligible investors to participate. This streamlined approach has made Jersey an increasingly attractive domicile for private capital funds and JPFs remain a very popular solution for our fund clients.
The benefits of using a JPF include:
Reputation: Jersey’s robust legal and regulatory framework and commitment to high standards of compliance add a layer of trust and security for investors. This has been recently recognised in the Jersey MONEYVAL Mutal Evaluation report[1] which confirms that Jersey’s effectiveness in preventing financial crime is among the highest level found around the world.
Appropriate regulation: The JPF regime has been designed for professional or other eligible investors and is light touch from a regulatory perspective with checks and balances built in to ensure investor protection.
Efficiency: The 48-hour fast-track regulatory approval process significantly reduces time-to-market for funds.
Cost-Effectiveness: Lower setup and operational costs make JPFs a financially attractive option.
Flexibility: The regime accommodates a variety of investment structures, including carry and co-investment vehicles.
Investor inclusivity: Broad and clarified investor eligibility criteria enhance the attractiveness for a wider range of investors.
The enhancements to the JPF regime further solidify Jersey’s position as a leading jurisdiction for private funds, providing an optimal blend of efficiency, flexibility, and regulatory integrity.
Belasko are a next-generation fund administrator and in Jersey, our expert team provide full-scope, tailored fund administration services across all types of Jersey fund vehicles. We offer a stable tech-enabled solution, built on robust processes and procedures, that allows our clients to focus on enhancing performance and long-term growth. Further detail of the comprehensive changes can be found in the consolidated redline version of the updated guide.
Get in touch if you’d like to discuss how we can support you with your fund administration in Jersey:
Nick McHardy, our Head of Funds, recently shared his insights on enhancing performance by developing and improving operating models in our ‘Outsourced Models are Changing’ series. As a refresh, you can read back over those articles here:
Across the four articles, we covered the evolving nature of outsourced models in the private capital fund industry, emphasising the current need for fund managers and general partners (GPs) to reassess their outsourcing arrangements due to market conditions, technological advancements, and changing investor expectations.
Historically, significant adjustments to outsourcing models have coincided with market downturns, such as the post-Global Financial Crisis era. Today, challenging fundraising conditions and the emergence of alternative service providers with advanced technology and tailored services are prompting another wave of operating model reviews.
Key value drivers for reviewing and potentially changing operating models include cost reduction, operational effectiveness, risk management, and enhancing the investor experience. Fund managers have two main routes: insourcing activities previously outsourced or increasing their existing level of outsourcing.
Critical considerations in this process include regulatory permissions, expertise and resourcing, opportunity costs, systems and data strategy, risk management, relationship dynamics with service providers, contractual obligations, and the timeframe for onboarding additional services.
As we conclude the series, it’s clear that even without changing the scope of outsourced services, fund managers can achieve improved outcomes through tender processes, feedback mechanisms, and technology solutions. Ultimately, adapting outsourced models can enhance performance, reduce costs, and improve service quality, making it potentially beneficial to switch to a new fund administrator in order to achieve long-term growth.
Belasko offer tailored, full scope fund administration, focused on delivering the highest quality solutions across the entire fund lifecycle and across multiple asset classes. We’ve worked closely with our clients on developing and improving their operating models to enhance their performance. If you’d like to discuss further, get in touch with Nick McHardy, Group Head of Funds at [email protected].
In today’s evolving financial landscape, private capital fund managers and general partners (GPs) face increasing pressures to enhance performance, reduce costs, and manage risks effectively.
Outsourced models have long been a cornerstone of the private capital fund industry, offering solutions to these challenges. However, market dynamics, technological advancements, and changing investor expectations are driving a need to re-evaluate existing outsourcing arrangements.
Download our new whitepaper which addresses the pressing question: Is now the time to upgrade from your existing fund administrator?
Here, we delve into:
Responding to marketing conditions
The four value drivers that underpin an operating model review
Considerations when changing your outsourced model
Key benefits of changing your fund administrator – it’s easier than you think!
You’ll also discover why clients of ours, including Syntaxis, Riverside Capital, RTP, RCapital and Apera, have all made the seamless transition to Belasko – and why they’ve never looked back…
If you’d like to discuss how we can simplify administration solutions for your business, get in touch.
We’re delighted to be sponsoring the BVCA Annual Summit, taking place in London on the 11-12 September 2024.
The Summit 2024 continues to be the must-attend event for the private capital community, attracting over 1000 delegates ranging from private capital fund managers, institutional investors, pension funds and family offices.
The Summit this year will explore the strategies and trends transforming our industry, covering the latest thinking on the geopolitical economy, cutting-edge technology, diversity, ESG and more. It’s also an excellent opportunity to meet and network with key industry professionals and peers.
If you plan to attend the event and would like to meet our team, get in touch with our Chief Commercial Officer, Ross Youngs, to set up a meeting.
Belasko’s Chief Commercial Officer, Ross Youngs, recently worked with the British Private Equity and Venture Capital and Association (BVCA) to support their Accelerate conference aimed at providing advice and guidance to the UK’s venture capital community, those raising funds to deploy across Seed and Series A as well as innovative start-up companies seeking funding. Both communities have something in common – they’re searching for the minimum viable product. Ben Cocoracchio, a fund formation partner at Addleshaw Goddard, was also in attendance and we’ve teamed up to share our views on the key considerations for determining the minimum viable product for an emerging venture capital manager.
Introduction
If you’d have asked what MVP was a few years ago, the answer would have been Most Valuable Player with Kobe, MJ and Lebron first springing to mind. However, having worked with our venture capital client community, it has become clear that finding the ‘minimum viable product’ serves as a critical success factor for first time fund managers and portfolio companies.
But, as an emerging venture capital manager, what key factors should you look out for to determine the minimum viable product (MVP)?
Right-sizing your fund
A very common struggle for first-time venture capital funds (VCs) is deciding on an appropriate fund size. This is a delicate balancing act between choosing a fund size that can be realistically raised while also making sure the size is appropriate for the investment thesis.
“When right-sizing their fund, first-time VCs really need to think through the construction of their target portfolio, i.e., what cheque size they’re aiming for, how many investments will they make and how much capital they want to reserve for follow-ons” says Cocoracchio. “It’s also important to think about fundraising dynamics – can the VC raise a decent portion of the fund size at the first closing (which is crucial to build momentum)? Does the proposed fund size rule out certain investors (e.g., institutional investors find it hard to commit to smaller funds)?”.
When VCs are seeking to raise their first fund, there’s generally considered to be a minimum fund raise to power the investment platform for the duration of the investment or divestment programme. It’s very challenging to make the economics work below a certain size of fund, particularly when it comes to covering staff overheads and operating costs over the life of the fund. But so-called “micro funds” are successfully being launched, it just takes a degree of nimbleness, creativity, and compromise.
Choosing the right jurisdiction
A reputable well-regulated jurisdiction is essential to provide comfort that an investor’s capital is adequately safeguarded by regulation, but choosing the right fund jurisdiction involves considering a multitude of different factors.
“In the emerging manager space, we typically see clients favouring the simplicity, investor familiarity and speed-to-market of Channel Islands and UK, with European domiciles being reserved for situations where particular investors demand a European structure or, if needed, to market in some of the trickier European jurisdictions”, says Cocoracchio.
At Belasko, we see a similar trend and the factors cited for this leading share are the familiarity for European and US investors, lower cost and being less administratively burdensome than popular European domiciles.
Standardising the term sheet
Raising capital is a time consuming and intensive process, often lasting between 12-24 months (or longer!). For emerging mangers in particular, any deviation from what investors perceive as “market standard terms” runs a very real risk of adding friction to the fundraising process.
In developing their MVP, emerging managers would do well not to stray too far off-piste with the terms of their fund and to really focus on what’s important to executing their fund strategy. For example, some fund terms are still fairly standard (e.g., most venture funds in the market have a life span of 10 years, an investment period of around five years and for the fundraising to be concluded within 12 months of first close).
Interestingly, new themes noted in Addleshaw Goddard’s Spotlight on Venture Capital Report highlight a range of approaches being taken by VCs when it comes to calculating management fees and carried interest. “These “premium fund terms” can have a material economic impact – but they’re of no use if they deter investors and prevent the fund from being launched”, says Cocoracchio.
Fund administration: finding the right fit
There are lot of options available to new managers to raise a fund such as:
Full tech automated solutions: Low-cost base but rigid self-service solution.
Boutique customisable administration: Experienced staff supported by technology.
Global administration brands: Multi country standardised service models often with centralised resources that use industry standard technology.
As a first-time fund manager, working with an experienced fund administrator can add real value to fundraising and day to day running. They can ensure the investor experience is seamless, provide guidance and support on the expected reporting and can provide the flexibility and agility to accommodate the ad-hoc nature and complexity of venture capital along with shorter deal cycles. By applying a goldilocks approach in the detailed due diligence performed when selecting your administrator will ensure you find just the right blend of cost and quality.
Building a strong team
Every fund launch requires a strong team. The venture capital market is a tight nit community and selecting an experienced team of service providers will add value the credibility to the fund offering and ensure that terms and structures are not over-complicated, and costs are carefully managed.
“When it comes to working with first-time managers, the key for us is to use our collective experience to provide the simplest solutions with the greatest impact – no over-engineering and no unnecessary (expensive) bells and whistles”, says Cocoracchio.
MVP: the foundation of venture success
The concept of seeking an MVP transcends beyond the start-up realm and becomes a vital baseline for emerging venture capital fund managers. It serves as a tangible checkpoint, ensuring that resources are effectively utilised, risks are mitigated, and paves the way for sustainable growth and for leveraging innovation from the venture capital ecosystem.
Belasko works with first time and experienced venture capital fund managers across the Channel Islands and Luxembourg. We provide tailored, full scope administration services, underpinned by expertise and technology solutions to provide the perfect MVP in venture capital. Get in touch with Ross Youngs ([email protected]) to learn more.
Addleshaw Goddard is an international law firm, whose private funds team advises a broad range of managers (from first time managers to established global institutions) on both onshore and offshore fund mandates, across all sectors including venture capital and private equity. Addleshaw Goddard’s Spotlight on Venture Capital Report and Funds Trends Report are available here.
Ross Youngs, Chief Commerical Officer, Belasko Ben Coccorracchio, Partner, Addleshaw Goddard
Aligned with our core strategy of supporting private debt managers, Belasko attended the 6th Annual LPGP CFO/COO Private Debt Summit yesterday. Ross Youngs, Chief Commercial Officer, shares key takeaways from the event:
The alpha in data
Making sense of data remains a key concern for both LPs and GPs. The panellists emphasised that data is only valuable when you know the specific questions you want to answer and can tell a coherent story with the results. Having a clear purpose for data analysis is crucial.
The current methodologies for data aggregation and interpretation are fragmented with early user case Artificial Intelligence (AI) strategies are emerging. Developing a fully integrated data chain that collates and integrates information from multiple sources is essential for streamlined operations and better decision-making.
Cybersecurity
As the debt environment becomes increasingly connected, the threat of cyberattacks has risen. The panellists agreed that outsourcing cybersecurity strategies is often preferred due to the complexity of the threat landscape. Reliance on outsourced providers to deliver comprehensive controls and reporting is essential to provide comfort for both GPs and LPs. Furthermore, these outsourced providers should be prepared for deeper levels of due diligence to ensure robust protection.
Artificial Intelligence
Despite advancements in AI, maintaining close relationships with portfolio companies remains paramount. Regular, at least quarterly, communications are essential. However, there are several areas where AI can be effectively deployed:
Power Automate: automating everyday tasks to reduce resource consumption on repetitive tasks.
Portfolio Monitoring: AI-based tools can scrape and assimilate data, producing valuable analytics such as Equipped AI: Equipped Intro – Private Debt demo
AI-powered RFP response tools, like Loopio, can improve the speed of drafting and reviewing proposals.
Microsoft Co-Pilot providing a virtual assistant to help prioritise your day.
AI can assist in reviewing and drafting legal documents, streamlining the process.
Opportunities to integrate AI tools, like ChatGPT, with current software solutions are on the rise, enhancing overall productivity.
ESG (Environmental, Social, Governance)
Sustainability implies a company’s ability to last for the long-term. The integration of standardised ESG criteria into loan reporting can help recipients determine future performance indicators.
This integration ensures that sustainability considerations are consistently factored into financial evaluations, promoting long-term resilience and responsible investment practices.
At Belasko, we’re committed to staying at the forefront of industry developments and supporting private debt managers with cutting-edge fund and loan administration solutions, underpinned by best-in-class technology and our expertise. If you’d like to find out more about how we help private debt fund managers, get in touch with Ross Youngs ([email protected]).
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