November 2008 Issue

The UK and the Netherlands have both reacted to public criticism of the private equity industry by passing new tax legislation. 

Non-US investors need to tread carefully when investing in US infrastructure assets. 

The Securities and Exchange Commission has granted relief for private company options. 

Many GPs are finding it necessary to go on longer road shows in the current market, but they should be careful in seeking extensions from LPs. 

After the tech bubble burst in 2000, venture funds shrank dramatically – and so did their management companies. Buyout firms may now have to take a page out of the VC playbook as many follow-on funds shrink in size. One move – reducing the partner roster. 

Ashurst has promoted its private equity head to senior partner. 

From its base in San Francisco, Genstar Capital has gradually expanded its ‘verticals’ and stable of operating experts while keeping a tight cap on fund size (and negotiating a 25 percent carry). 

When a proposed transaction fails to be completed, who gets stuck with the tab? And can you ask for a discount? 

Energy Investors Fund is building its team amid recent growth in its assets under management. 

The secondaries firm is looking to grow its team with an eye toward Europe. 

The EVCA ranks France the best location in Europe for growing businesses and attracting financing. 

New UK contract language gives lenders the option to forbid debt buybacks. 

New rules will impact deferred compensation arrangements. 

Will the SEC overturn fair value accounting?