Jennifer Harris
Allison Murdoff will launch the direct secondary investor’s brand awareness efforts and marketing outreach.
The CDC Group, Asian Development Bank and Norfund are among a group of LPs who want to ensure ‘the next generation of emerging market private equity funds are raised on terms that reflect the principles’.
A new compensation survey showing across-the-board reductions in private equity pay indicates that managers may have to lower their bonus expectations to pre-2006 levels for the near future.
An early version of the Senate’s financial reform legislation exempts private equity from registration as an investment adviser – a carve-out which could save firms hundreds of thousands of dollars.
Four Nixon Peabody partners, including the chair of its private equity practice, and four associates will join Winston & Strawn’s New York office.
Chen Tang, formerly with Friedman Fleischer & Lowe, and the ex-CFO of ValueAct Capital, Ronald Yee, allegedly tipped off a broad network of family members about impending deals.
An SEC complaint today claimed Chen Tang, at the San Francisco buyout firm for just six months, tipped off a broad network of family members about impending deals. The CFO of ValueAct Capital has also been named in the complaint.
The firm has hired three partners from White & Case to start the private equity- and debt-focused office, which will open in January 2010.
If the SEC’s ban on placement agents is enacted, small and mid-sized private equity funds may need to bring IR staff in-house. But they’ll also need to avoid triggers that would force their firm to register as a broker-dealer.
The recently listed firm is continuing to build out its investor relations function with another hire from Goldman Sachs.