September 2010 Issue

The global fund administration business has opened a Luxembourg office to service increased demand for the country’s investor-friendly tax and regulatory system.

The explosion of investor interest in environmentally friendly companies has been hampered by patchy regulatory efforts and concerns over unproven technology, according to a recent survey.

Recent US legislation will mean more scrutiny from the White House of private equity firms dealing in Iran’s energy and financial sectors.

Robert Galvin was hired to lead Blackstone’s Equity Healthcare initiative, which works to secure health insurance discounts for its portfolio companies.

The Wall Street titan reported a slight dip in its alternative assets, which a spokesperson has clarified will be liquidated over the next 10 years as per normal operating procedure.

Chairman of oil group Melrose Resources, Robert Adair, will face a hearing to determine damages for failing to honour his commitment to Advantage Capital’s buyout fund.

California’s attempt to limit the use of placement agents doing business with public pension funds would create two sets of registration, reporting and compliance policies.

Connecticut's $22 bn pension fund has hired six law firms to assist with the state's alternative investments

The pension’s head of alternative investments, already on administrative leave, has resigned amid an ongoing placement agent investigation.

Investors living outside of Ireland no longer have to declare themselves a non-resident for tax purposes when investing in Ireland-domiciled funds.

The $14bn system revealed a placement agent, Glen Sergeon, with a connection to its former CIO, did more work than any other agent since 2004.

With the July 2011 deadline looming for required SEC registration, accounting firms and consultants are anticipating business to soar in the autumn.

Andrew Donohue plans to leave the SEC after more than four years as director of the investment management division.

Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.

The pre-2008 trips - paid for by private equity and real estate GPs - related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.

Four senior managing directors and 73 total investor relations professionals will remain following the departure of 13-year IR veteran Maryfrances Metrick.

On both sides of the Atlantic regulatory barriers are making fundraising for ‘foreign’ firms more difficult and expensive. GPs in emerging markets could be left out in the cold.

The firm wants to take advantage of new pools of capital, Suzanne Donohoe, head of the firm’s client and partners group, told PEM in an exclusive interview.

IR veteran Maryfrances Metrick will join the Blackstone spinout in October amid fundraising for the firm’s second fund, targeting $3.75bn.

A high-ranking CalPERS private equity official allegedly asked Apollo's Leon Black in 2006 to bring investment opportunities directly to him, rather than using 'third parties'.

Simon Walker plans to leave the UK trade association next year.