Katherine Bucaccio

When launching a new fund, GPs would be wise to determine whether their waterfall structure and bad leaver provision need updating, according to fund formation lawyers.

Namibian institutional investors are now mandated to invest at least 1.75 percent of their funds into unlisted domestic investments, providing a new source of fuel for the private equity market.

A former Citibank auditor will lead the Hong Kong team at the fund services provider.

Fund managers and their investors disagree about the clarity of fee breakdowns and the level of detail necessary in carried interest reporting, according to a new RRiPE survey.

The pension’s day-long private equity workshop revealed many frustrations with the transparency and complexity of the asset class, despite its role as a top performer in the investment portfolio.

Much to the industry’s relief, Better Capital’s Tom Wright was found ‘not guilty’ for failing to report redundancies before the collapse of struggling portfolio company City Link last year.

The pension fund has voiced its support for proposals aiming to curb the ‘harmful’ activities of private equity managers worldwide. 

The emerging private equity shop has hired Gary Sahrmann in the newly created position of finance chief.

Third-party CCOs should still have regular, in-person communication with the firm and have sufficient access to internal documents and information, the regulator warned in a new risk alert. 

Private equity real estate firm Cherokee Investment Partners has been fined by the SEC for improperly charging compliance and legal expenses back to its funds.