Marine Cole

The public pension system also said it will use the template as the basis of discussions with state legislators working to mandate a standard.

The settlement, which centers on improper fees and conflicts of interest disclosure to limited partners and supervisory failure, includes a $12.5m penalty. It comes less than a year after Blackstone settled with the SEC for similar issues.

Following in the footsteps of other California pension plans, the Los Angeles City Employees’ Retirement System is rejecting a bill mandating private equity fee reporting - Assembly Bill 2833 - in its current form.

The terms of the fund, which is targeting $8.5bn and is nearing a final close, are disclosed in documents prepared for LACERS.

Private equity chief compliance officers speaking at PEI’s Private Fund Compliance Forum said monitoring emails at their firms can be a daunting task.

Andrew Caspersen, who focused on advising secondaries transactions, including GP-led restructurings, allegedly defrauded two institutional investors of more than $95m.

A top priority included in the SEC’s 2017 budget request is to hire 127 additional examiners, primarily to conduct extra tests of investment advisors, White told the US Congress this week.

After receiving a complaint for breach of contract, venture capitalist Michael Goguen filed a cross complaint for extortion and a restraining order.

The former private equity professional, who worked at Quadrangle Group for nearly a decade, was accused of kickbacks with the NYS Common Retirement Fund in 2010.

The US SEC has filed a complaint last week alleging that the Oregon-based private credit firm and three top executive were hiding Aequitas’s rapidly deteriorating financial condition.