Marine Cole
The moves represent an ongoing blurring of distinctions between off-shore domiciles used by private funds, says one industry lawyer.
Using a structure well established in the hedge fund world but little-known insurance contract in the private placement market, private fund managers can expand their investor base.
Firms learned a lot valuing their portfolios in the unprecedented chaos of the first quarter of 2020. That’s given them some clarity on Q2, but there are still some major unknowns.
Valuing a private equity investment is still more an art than a science, but the artists feel they are increasingly being watched, five experts say.
1. Fund restructuring How does it work In a fund restructuring, also called fund recapitalization, the GP moves assets in an older fund into a new special purpose vehicle. The GP offers its LPs the possibility to sell their interests in the fund and cash out or have the option to roll over into the […]
When the SEC released details of its settlement with Veronis Suhler Stevenson last year, the secondaries community took note.
Even with more transparency and understanding, the proper use of subscription credit facilities is still a point of contention.
Even with more transparency and understanding, the proper use of subscription credit facilities is still a point of contention.
The update to the GIPS performance guidelines should make them more applicable to private equity. What LPs do next will determine its success.
Investors will be the key drivers of the standards' success.