Nicholas Donato
The Chicago-based private equity firm is being accused of misleading a trade buyer about the financial health of its former portfolio company APS Healthcare.
.jpg "SEC chair pushes for tougher Reg D rules")
The SEC’s Mary Jo White wants to ‘move expeditiously’ towards adopting controversial proposals the agency made soon after allowing private issuers to engage in general solicitation.
.jpg "Exploring ways to enhance the website")
One of the first impressions a firm can make is through its website. Industry communications specialists and web consultants speak to PE Manager about how GPs can enhance their online presence.
.gif "FASB may tailor disclosure rules for private firms")
The US accounting standard-setter released a FAQ on its website stating disclosure requirements may be tweaked to fit the needs of private-sector entities.
.bmp "GPs see ‘reserve carry’ as incentive tool")
More private equity firms are thinking about how unallocated carry profit shares can be used to retain junior dealmakers.
.jpg "Who pays for compliance costs?")
Who should foot the bill for firms’ legal and compliance measures, like completing Form PF or FATCA reporting? GPs are technically permitted to charge such expenses to the fund, but many firms are instead allocating such costs to the management company.
.jpg "Remaining muted")
GPs can officially hit the public airwaves now. But don’t expect many to take advantage until the SEC re-thinks some of the conditions attached
The SEC is open for business despite the US government shutdown, but the agency only has enough cash to continue non-emergency work such as IPO filing reviews or onsite inspections for a ‘few weeks’.
Tighter rules on general solicitation will do more harm than good for private issuers, the Private Equity Growth Capital Council said in a letter sent to SEC officials.
The SEC’s ban on general solicitation ended this Monday, but private issuers remain concerned about proposed reporting requirements that may soon accompany a public fundraising.