Adam Le
The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.
The industry has reached a compromise on carried interest, with a tax rate of 32% commencing from April 2025.
Bart van Dijk joins from global compliance firm CSC and is the industry body's first regional head outside North America.
Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
Debates on increasing tax on carried interest shouldn’t ignore the wider contribution private equity brings to economies.
Speaking at PEI Group's NEXUS 2024 summit, the Carlyle co-founder said his firm could have done a better job developing its non-institutional offering in the past.
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
A footnote in the US Securities and Exchange Commission's new rules suggests continuation funds structured as cross fund trades won't be subject to third-party fairness opinion and valuation letters.
Some LPs have felt so frustrated at the way continuation fund processes have been run that they have decided not to re-up with their manager, representatives from the investor body told Secondaries Investor.
Michael Arougheti, Ares' chief executive and president, has previously said the secondaries industry is at an 'inflection point.'