News

Augentius appoints new Chairman to capitalize on compliance services growth

May 1, 2018

Augentius Compliance has appointed Andrew Shrimpton, a proven leader within the Compliance Consulting industry, as its Chairman. Andrew will spearhead further expansion of the business, following yet another year of strong growth for Augentius’ leading Regulatory Compliance Business.

As the investment management industry strives to navigate its ever-tightening regulatory frameworks – while the regulators are more proactive than ever – demand is intensifying for workable solutions which allow fund managers to focus on their core investment strategy, while being confident in ensuring compliance.

Andrew Shrimpton, Chairman, Augentius Compliance Ltd commented:
“In an ever-expanding universe of complex rules and directives, including the imminent GDPR regulation, it is a huge challenge for managers to keep abreast of the constant change. They need assistance from experts who truly understand their business, creating significant opportunity for Augentius to ease the pressure for managers with its tailored outsourced solutions and premium client service. I am thrilled to be joining the business at a pivotal time in its growth.”

Ian Kelly, CEO, Augentius Group Ltd added:
“We are delighted to have Andrew on board. With over 30 years of experience in the investment management industry as not only a Compliance Director, but as a Regulator, his deep industry knowledge and skillset make him perfectly placed to Chair our compliance business as we build on our year on year success. We are broadening our relationships with clients because we understand how managers work and what is important to them. We give managers the ability to focus on their core job, safe in the knowledge that our consistently high-quality solutions ensure complete compliance.

Prior to joining Augentius, Andrew held a number of roles including Global Head of Compliance at Kinetic Partners LLP and Managing Director at Duff and Phelps. He holds a Bachelor of Arts degree from the University of Oxford, England

 

 

 

 

 

 

 

 

Andrew Shrimpton
Chairman, Augentius Compliance

Press release originally published in Private Equity Wire   


Private Equity in the aviation sector is taking flight, but do GPs have what it takes to truly soar?

April 3, 2018

While the world may have suffered its share of challenges and dislocations over the past decade, the aviation sector has continued to move from strength to strength. The increasingly mobile nature of the global economy has seen air travel volume more than double over the past 15 years. 2017 marked the eighth straight year of above-trend growth and 2018 is likely to follow suit. The emergence of millions of new middle-class consumers in nations such as China and India – many keen to experience air travel for the first time – is likely to accelerate the trend even further. For instance, it was recently announced that China plans to spend over $1tn on planes over the next 20 years.

Where there is growth, there is a need for finance to match. The post-crash financial landscape means that companies are less able to rely on bank finance than in days gone by. As such, aviation firms are increasingly innovating when it comes to accessing the money they need. While the sector traditionally relied largely on equity and bank finance, in 2016 30 percent of all capital for aviation came from alternative sources such as hedge funds and private equity.

This figure is likely to rise. And the private equity sector in particular is keen to get more involved. In recent years Cinven, CVC, Carlyle, Cerberus Capital and Terra Firma, among others, have invested in a variety of aircraft leasing businesses, and only a few months ago Castlelake closed its third aviation fund at $1bn.

Historically, aviation finance has not been seen as an obvious investment area for private equity. In the current macroeconomic landscape, however, the appeal is clear. In an otherwise volatile, low-yield macroeconomic landscape, the sector offers GPs an ideal means of diversifying portfolios in a way that is minimally correlated with wider equity and bond markets, while also offering strong, sustainable income – with the added benefit of loans being secured against valuable assets.

Furthermore, it is clear that investor appetite for this sort of alternative investment is also on the rise. Demanding new regulatory requirements have placed considerable pressure on institutions such as insurance companies and pension funds, and they are on the lookout for less liquid investments that offer a higher risk-adjusted return. As well as fitting this bill, aviation finance offers investors a number of additional benefits. For instance, as well as this diversification advantage, aviation is a highly regulated industry, with investor capital often protected. Cash flows are also often secured on physical assets, and unlike property, these assets are highly fungible.

Nonetheless, as well as offering opportunity, the idiosyncrasies of the aviation finance sector also present a number of challenges for GPs. Aviation is a differentiated segment and requires a differentiated approach. Taking a cookie-cutter approach is likely to cause problems, and will prevent GPs and their investors from reaping the full benefit of exposure. There are a wide variety of investment-types available, and each aviation fund has its own structure, with its own nuances. For instance, aviation leasing assets provide current lease income and special tax benefits, unlike a typical “J-curve” investment fund or venture capital return profiles.

For this reason, GPs looking to move into the sector need to consider partnering with a third party that has niche expertise and is familiar with the unique and complex structures involved. Given the distinctiveness of the industry there is a steep learning curve when it comes to the establishment of relationships, the acquiring of appropriate technical knowledge, and the ability to cover all of the required documentation regarding operating leases, purchase transactions and so on. Reporting, in particular, is a whole different ball-game in aviation finance when compared with more traditional private equity investments – for the uninitiated, it can all be overwhelming.

With trends as they are, we could well be looking ahead to a world where over half of aviation finance comes from alternative sources. For GPs that move now, and treat the sector with the specialist attention it deserves, the sky’s the limit.

Article originally published in Private Equity Wire.


Augentius appoints new Business Development Director to drive American expansion

March 13, 2018

Augentius, the specialist global service provider to private equity and real estate funds, has appointed Nancy Vailakis, a well-known figure in the US alternative asset management industry, as its Business Development Director for the Americas. The move follows another successful year of 19% growth and Augentius’ continued expansion in this region.

Nancy brings with her a wealth of industry knowledge acquired through various roles including Vice President of Investor Relations at Cerberus Capital Management as well as Blue Mountain Capital Management. She is also involved with many non-profit and professional organizations including High Water Women and 100 Women in Finance.

Nancy Vailakis, Business Development Director, Augentius commented: “It’s a pleasure to join Augentius, an established international business. I’m thrilled to be a part of a global leader with a reputation for delivering high quality client service. Augentius’ focus on technological innovation and smart, thoughtful product evolution in response to market need has served them well and I’m eager to work with such a solid team to grow the business here in the Americas.”

Hugh Stacey, Executive Director, Augentius added: “We are delighted that Nancy has joined us. I have no doubt that her 14 years’ industry experience as a business development, marketing and investor relations professional, will make her a perfect candidate to cultivate Augentius’ continued expansion in the US.”

 

 

 

 

 

 

Nancy Vailakis
Business Development Director, Americas

Press release originally published in Private Equity Wire