Kevin Ley

Former Morgan Stanly equity co-head Ian Laming will help steer the recently established real estate investment manager.

The private equity firm – which is focused on Asia, Africa and Latin America – has hired Gustavo Eiben to oversee relations with the firm’s expanding investor base in the region.

A report by the UK Financial Services Authority says that private equity funds will bear the brunt of the more than €300 million in estimated ongoing compliance costs should proposed EU regulations be passed by Parliament.

A panel of managers and finance directors told CFOs in attendance at this week’s PERE Forum in New York that they should look for other ways – including trips and special projects – outside of compensation to keep their best people happy.

New proposals by the EU that would enforce strict disclosure requirements on managers could hinder GP-LP communications and lead to reduced use of side letters.

A recent survey by mergermarket and Houlihan Lokey shows that respondents, among them private equity professionals, expect solvency opinions will become a bigger factor in deals in both the US and Europe.

The SEC is proposing to create a new asset management enforcement unit, which could be good news for firms that have complained in the past about a lack of private equity expertise among auditors and investigators.

As managers decide which entity should pay for outsourced fund administration costs - the fund or the management company - they will encounter exceptions and gray areas. And LPs will certainly take a view.

Recent UK tax increases and the threat of additional EU regulatory burdens are causing more UK-based fund managers to ponder moving to more hospitable jurisdictions.

Blackstone’s Dr. Alan Muney on the firm’s new health care programme.