As stakeholders discuss what to do with the firm’s suspended €3bn 2008 fund, Candover has lost control of laboratory business ALcontrol to GSO Capital.
SJ Berwin’s Adrian Brown examines the continuing saga of the proposed AIFM Directive.
Under the terms of a proposal from House Representative Paul Kanjorski, funds deemed by the SEC to be ‘venture capital funds’ would be exempt from registering as investment advisers, but would still have to submit more detailed information to regulators.
Lisette van Doorn is leaving the European real estate association to return to ING as country and fund manager for its Southern Europe retail fund.
Robert Levinson has joined David Hodes and Doug Weill’s new advisory firm as chief financial officer.
The Institutional Limited Partners Association has written to suggest amendments to IASB’s latest draft on consolidated financial statements.
Where carry is scarce, listed private equity funds could take inspiration from a public company compensation method to pay their partners.
Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
The EU is still in the process of adapting its controversial Directive on Alternative Investment Fund Managers after a storm of criticism from the affected managers and plenty of disagreement among the member states. In the meantime, here is what private equity firms need to worry about in the current proposal. By Marcia MacHarg, Anthony McWhirter, Philipp von Holst and Ina Maria von Raven of Debevoise & Plimpton
Left holding the debt of a struggling real estate investment? What US fund managers need to know about entering into receiverships. By Anthony Theophilos of Starr Finley