May 2008 Issue

Some recently renegotiated private equity deals reveal the complexity of changing terms after the ink’s dry. 

Private equity investors looking to Russia need to consider the tax structuring of their targets. 

Certain revelations about a firm or its portfolio can’t wait for the next quarterly report or annual meeting. Here are some guidelines as to when and how to communicate with LPs outside the scheduled reporting cycle. 

Private equity GPs should know that Australian LPs are a sophisticated bunch and more than willing to compare notes. 

The Middle East market features large sophisticated institutional investors and smaller, less experienced family offices. Courting both requires two decidedly different approaches. 

Five things non-Europeans need to know about fundraising in Europe. 

Five things non-Americans need to know about fundraising in the US. 

Partners Tim Clark and Loretta Shaw-Lorello are the first of seven PE specialists on their way over from O’Melveny & Meyers. 

Just over a year after spinning out from the Bank of Montreal, Halyard Capital is faring well by reinventing media, advertising and business services assets for the internet age. 

The cost of local talent in the emerging markets is rising. 

For those about to launch or upgrade their web reporting systems, here are the holy rules you must abide by. 

For first-time fund managers from emerging markets, the pitch must be perfect. 

The credit crunch didn’t deter LPs in 2007, nor has it drastically altered terms and conditions.

The International Private Equity and Venture Capital Valuation Guidelines Board has added five US members, two Europeans and one Australian.

Below is an excerpt of a letter sent recently by Howard Marks to investors. Marks is the chairman of Los Angeles-based alternative investment giant Oaktree Capital Management, which has a strong focus on the debt markets. In the letter, Marks lays out his analysis of the ongoing credit crisis and the role that mark-to-market accounting has played in it.

Unless more responses to Sir David Walker’s UK transparency review imitate Terra Firma’s informative report, the process risks resembling a PR exercise.