Jennifer Harris
The Institutional Limited Partners Association has written to suggest amendments to IASB’s latest draft on consolidated financial statements.
Where carry is scarce, listed private equity funds could take inspiration from a public company compensation method to pay their partners.
John Ford will be assisting the public relations firm on an as-needed basis to support its international expansion.
Ruth Horowitz, formerly chief administrative officer for Lehman Brothers’ private equity arm, will help build the back office of the IFC’s new venture.
After announcing in June it would begin negotiating fee reductions for new commitments, the $185 billion pension plan has backed the Institutional Limited Partners Association’s new terms and conditions guidelines.
An requirement for non-EU investors to face onerous federal scrutiny of most deals has been streamlined.
The US banking regulatory has softened some of the rules it would impose on private equity firms that want to invest in struggling banks.
The US banking regulator scaled back its proposed rules, easing certain requirements that had attracted industry criticism including Tier 1 leverage ratios.
US House of Representatives has voted to pass a bill that would give the SEC and the Federal Reserve the power to regulate compensation at private firms with more than $1 billion in assets. The wording of the proposed law excludes most private equity firms, however.
US legislators want regulators to determine if certain structures encourage undue risk taking at finanical firms with more than $1bn in assets.