Lack of senior debt and pricing concerns will keep deal flow at current levels, according to a survey of senior private equity executives.
If the SEC’s ban on placement agents is enacted, small and mid-sized private equity funds may need to bring IR staff in-house. But they’ll also need to avoid triggers that would force their firm to register as a broker-dealer.
Standardised reporting in the real estate industry is still a long way off, resulting in inefficiencies for both the fund managers and the investment community, writes Gary Koster of Ernst & Young
The UK regulator has found that fund managers may incur billions in compliance costs, while EU investors would lose access to some managers, should the AIFM Directive be passed.
A report by the UK Financial Services Authority says that private equity funds will bear the brunt of the more than €300 million in estimated ongoing compliance costs should proposed EU regulations be passed by Parliament.
The UN’s Principles for Responsible Investment is yet another set of (voluntary adopted) rules that will demand more disclosure from private equity firms.
Lionel Pincus, who died this week aged 78, built Warburg Pincus into one of the most successful private equity firms in the world. But he also helped engineer what remains one of the only successful generational transitions in the brief history of this asset class. Private Equity Manager told the story of this transition in its debut issue in July 2004. We reprint it here in its entirety.
Advent hopes to capitalise on the highly fragmented German debt collection market with the purchase of GFKL Financial Services.
The university endowment wants to boost liquidity by selling portions of its private equity fund interests, CEO John Powers told PEO.
A panel of managers and finance directors told CFOs in attendance at this week’s PERE Forum in New York that they should look for other ways – including trips and special projects – outside of compensation to keep their best people happy.