CalPERS is on track to be the first LP to publicly endorse the investor-friendly guidelines released by the trade association that represents $1trn of private equity assets.
As managers decide which entity should pay for outsourced fund administration costs - the fund or the management company - they will encounter exceptions and gray areas. And LPs will certainly take a view.
Recent UK tax increases and the threat of additional EU regulatory burdens are causing more UK-based fund managers to ponder moving to more hospitable jurisdictions.
The listed Permira investor is upbeat about its prospects, despite half-year results detailing a 5% drop in portfolio value and the unlikelihood of many distributions in the next 18 months.
Rules governing foreign investment in US property are outdated, argue opponents. Capitol Hill may finally be listening.
A recent case in Delaware highlights the need for private equity and venture capital firms to go over the indemnification provisions in their partnership agreements in order to avoid getting hit with a costly judgment.
Private equity firms now need to budget and build carefully, much as they do with their own portfolio companies, writes David Snow
The California pension giant will formalise the central role of fair value accounting in its real estate portfolio and will require external fund managers to comply with these standards.
In seeking solutions to halt pay-to-play practices within the investment advisor market, the US Securities and Exchange Commission is consulting an old playbook for the municipal securities market. By Kimberly Mann of Pillsbury Winthrop Shaw Pittman
The US tax agency has extended a deadline to file a Report of Foreign Bank and Financial Accounts (FBAR) form and will seek comments before offering further guidance. This will give relief to investors in private equity and hedge funds who were rushing to meet the original September deadline in the face of potential civil and criminal penalties.