You don’t have to go to the islands, but private funds based in the Cayman Islands must hold at least one governance meeting annually under new local regulations.
HHS officials are taking stock of the industry, which is already feeling pressure from Washington.
‘None of the justifications offered in support of this latest proposal is convincing or compelling,’ SEC commissioner Hester Peirce says.
Deal documents bound employees to expansive MNPI rules; division head also pushes co-operation for leniency in personal messaging cases, notes AI usage risks.
The fund administrator brought on a former Gen II principal to build out its credit practice.
Division led by industry veterans beats expectations since launch, according to one of the platform’s top executives.
Registrants broke through triple digits at the industry organization’s London event, where the mood was optimistic, though the near-term future is filled with uncertainties.
The law firm hired a former in-house VC general counsel and a law firm partner for its private funds group.
Linking a portion of carried interest to impact performance is becoming more common, with private equity firms like Apollo, Apax and EQT implementing such a mechanism. LPs are split on the idea.
Risk alert identifies shortcomings in advisers' P&Ps which "resulted in gaps for preventing violations of the marketing rule, books and records rule, or both."
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