Distributed to Paid-In (DPI)
In private equity’s ecosystem of performance metrics, Distributed to Paid-In (DPI) stands apart through its refreshing simplicity and undeniable relevance—it measures what investors have actually received back in their pockets. While other metrics may incorporate speculative elements or theoretical constructs, DPI cuts through the noise to answer the fundamental question: “How much cash have I […]
Internal Rate of Return (IRR)
In the world of private equity, few performance indicators carry as much weight as the Internal Rate of Return. Standing as the industry’s benchmark metric for decades, IRR provides a time-adjusted lens through which investors evaluate everything from individual deals to comprehensive fund performance. But what exactly makes this calculation so essential to private equity […]
Strengthening Financial Integrity: A Guide to Know Your Customer (KYC) Procedures
Know Your Customer (KYC) procedures are fundamental to the stability and security of the funds. They provide a framework for financial institutions to verify the identities of their clients and assess the potential risks associated with those relationships. While specific KYC requirements can vary across jurisdictions, core principles and best practices remain consistent, guiding institutions […]
The Fundraiser’s Wingman: Placement Agents in Private Equity
You know how in movies, there is always that character who knows everyone and can get you into any party? In the world of PE, the placement agent fills a similar role. They are the key intermediaries who connect the capital providers (the investors) with the dealmakers (the fund managers). Think of them as the […]
Sealing the Deal: A GP’s Guide to a Successful Fund Closing
The culmination of months, or even years, of fundraising efforts arrives at the fund closing—a critical milestone where investor commitments are formalized, and the fund officially begins its investment journey. For General Partners (GPs), a smooth and efficient closing is paramount. However, this stage requires meticulous planning and preparation. Here is a comprehensive walkthrough of […]
Understanding Limited Partnership Agreements (LPAs) in Funds: A Comprehensive Guide
When you hear the term private equity, what comes to mind? Many envision a dynamic realm of bold investments and the excitement of high returns. However, before the thrill of major transactions and the intensity of boardroom discussions, there lies a crucial foundation that often goes unnoticed: the Limited Partnership Agreement (LPA). This document is […]
Understanding Management Fees, Carried Interest, and Distribution Waterfalls
Grasping the intricacies of compensation structures is vital for both investors and fund managers in the investment fund landscape. Central to these structures are management fees, carried interest, and distribution waterfalls, each playing a key role in the sharing of profits and the management of risks. Management fees are essential for fund operations, compensating managers […]
Linnovate Completes Acquisition of Adansonia Management Services Limited
Linnovate Partners Asset Servicing Group (“Linnovate”), a leading global provider of technology-driven fund services, announced the successful completion of its acquisition of a majority stake in Adansonia Management Services Limited (“Adansonia”), a Mauritian offshore management company licensed by the Financial Services Commission (“FSC”). The transaction, initially announced in November 2025, has now been finalized following […]
Linnovate Shortlisted Across Multiple Categories at the Drawdown Awards
Linnovate has been shortlisted in three categories at the Drawdown Awards, recognising the firm’s continued strength, service excellence, and innovation in fund administration. The shortlisted categories include: Fund Administration: $50–500bn (total global private equity AUA) Fund Administration: ManCo Services Fund Administration: Technology & Innovation In addition, RAISE Technologies has been shortlisted for Fund Accounting Technology, […]
In-House vs Outsourced Fund Administration: It’s Not Either/Or
At the heart of every investment firm, you’ll find a highly specialized finance function. Their role is diverse. From maintaining the integrity of a fund’s books, calculating net asset value (NAV), coordinating audits and tax filings, to producing the financial reports that investors rely on to assess performance. An internal team does more than safeguard […]