Nicholas Donato

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.

PE Manager tracks private equity lawyer moves: Kirkland & Ellis deepens its footprint in Greater China; a former SEC private funds official joins Stroock; Duane Morris opens in Myanmar; and more.

Stakeholders want US accounting standard-setters to focus their attention on disclosure notes, which critics say have become too dry and technical to be of much value.

Despite SEC expectations, a significant percentage of GPs do not formally review their expense allocation policies, PE Manager has exclusively learned.

Investors are increasingly worried that some questionable charges – such as first-class travel – are being treated as fund expenses.

The number of private equity firms accused of big rigging buyout deals now stands at seven.

Following a joint review of Hurricane Sandy's impact on financial markets, SEC inspectors released disaster recovery planning guidance specific to investment advisors.

Facing allegations it had whitewashed its portfolio before its public debut on the NYSE, The Blackstone Group reached a settlement with plaintiffs three weeks shy of a trial hearing.

At a time when regulators expect GPs to investigate any sign of corruption, Ernst & Young and the FBI have provided the top 10 most popular phrases used by fraudsters in emails.

Lawyers at Goodwin Procter studied 66 growth minority investments to find out what types of indemnification terms are being negotiated in this data-starved market space.