June 2009 Issue
Dialogue: Brant Maller
Brant Maller, Founder and chief executive, Alternative Investments Forum, New York, New York
Stand and deliver
With fundraising slower than ever, perfecting your pitch is crucial. Below you’ll find advice on developing engaging, persuasive presentations. By Amy Solas of Solas Communications
Altered states
With placement agents under attack in several US states, fund managers may have to consider new ways to reach out to pensions.
Default debacle
With LP defaults becoming a more common occurrence, GPs need to understand all the implications of these events for the management company, for the fund, and for the other investors.
Top tips for soothing LPs
In seeking to keep their investors satisfied, these bits of advice can help maintain healthy relationships
Secret agent men
A scandal in New York is causing big trouble for placement agents everywhere.
The new terrain for fees
In the private equity real estate world, fund sponsors are giving ground to their investors.
Carlyle pays $20m to ‘resolve’ role in pay-for-play scandal
New York Attorney General Andrew Cuomo has reached a resolution with the firm under which Carlyle has pledged to avoid hiring placement agents to obtain investments from New York’s public pensions.
Balance of power
LPs across the US are using the current recession to push back against certain fund terms.
All in the name
A minor change to the name of its joint funds with Carlyle signals a more independent path for Riverstone Holdings.
Lack of ‘loopholes’ will hurt PE
Obama’s proposals to change the taxation of foreign operations of US companies would deal a blow to common private equity deal structures.
Shell companies prove tough to crack
The Delaware Chancery Court recently ruled that Blackstone doesn’t owe Alliance a termination fee – sticking to a strict interpretation of the language in the merger agreement.
Basel issues new fair value guidance
The Basel Committee on Banking Supervision recommends that banks improve the governance and consistency of their valuation methodologies.
Europe’s new directive
The European Commission has released a detailed plan to regulate alternative investment funds, one that would require significant disclosures from private equity funds.