The SEC alleges the firm withheld information on an updated net asset value for stakes in its Fund III before a sale.
Why private equity firms should be actively engaged with the SEC over the next six weeks.
A disorderly Brexit may be anticipated, given that the so-called Chequers Plan is under attack from all sides, write Simon Witney and Patricia Volhard.
More than $3.3m was allegedly raised using boiler room tactics such as cold calling, with promises of as much as 24% annual investment returns.
Indications that private placement will be phased out anytime soon are likely "some way off the mark," according to a leading lawyer.
The regulatory agency is seeking comment on proposals to ease restrictions that prohibit banks from investing in private equity funds.
The agency has called for comments on the proposals – which may allow fund partners to claim a tax cut on some of their income – by October.
Fund managers are not taking advantage of modern intelligence tools that would allow them to do more thorough underwriting, claims Matthias Kirchgaessner, an external advisor at Plexus Investments, at the Germany Forum hosted by sister title Private Debt Investor.
A change would mean listed private equity firms such as KKR, Blackstone Group and Apollo Global Management would not need to file reports every quarter.
Regulated infrastructure assets still attract investors, even as GPs call regulatory risk one of their main concerns. Sister publication Infrastructure Investor examines the fall-out.