There are no market terms for co-investments – you get what you can negotiate. And in today's market, the balance of power remains on the side of the GPs. Even getting the opportunity to co-invest can be a struggle for LPs.
Samuel Flax 2008-10-01 Staff Writer <b>CAREER PATH:</b><br />After graduating law school in the early 80s, Flax clerked for a federal judge and then moved at the Washington DC office of Morgan, Lewis & Bockius where he spent one year in energy law before switching to corporate law for a
Most of today's private equity funds boast an eclectic mix of investors, many with their own unique needs. To accommodate them, side letters are often used – but experts suggest side letters be restricted to two issues: disclosure and investment restrictions.
The proliferation of new private securities exchanges could help private equity firms become more institutionalized and function as a first step prior to a public listing, industry players say.
The US FASB appoints David Larsen to its valuation resource group tasked to investigate additional guidance for fair value reporting.
London-based Moor Park Capital Partners, a private equity real estate firm, spun out of Nomura's Asset Finance Group last year. The new firm recently appointed Gareth Stephens as chief operating officer and chief financial officer. A chartered accountant, Stephens was formerly the finance director for the structured finance business at Lloyds TSB and was also the managing director in charge of the financial back office functions for JPMorgan's global derivatives operations. We spoke with Stephens about his approach to fund administration in the real estate world.
Private equity-owned companies can draw lessons from publicly listed companies in appointing and utilizing nonexecutive directors. Lessons include defining the role, improving risk management and controls expertise, and fostering relations with wider stakeholders.
The Islamic private equity and venture capital industry requires balancing regulatory considerations and Islamic law limitations in structuring and promoting shari'ah-compliant investment funds.
The buyout boom has heightened regulatory scrutiny in the US and UK surrounding the acquisitions of publicly listed companies. Here are rules to keep straight while taking a company private.
Anne Gold 2008-09-01 Staff Writer <b><bold>CAREER PATH</bold>:</b><br />Gold joined First Reserve as general counsel in 2005 from Morgan, Lewis & Bockius where she served as a partner in the Transactions Practice Group at the law firm's New York office. Morgan Lewis was the