February 2011 Issue

The London-based firm has appointed Penny Walker as general counsel, a newly created position to navigate the fluctuating regulatory landscape.

Latin America’s largest economy has reduced taxes for foreign investments in private equity funds, according to reports.

The recently merged global firm has taken on a Hong Kong-based team from rival law firm Hammonds.

In response to a government consultation period with industry leaders over the AIFM directive, the EVCA has argued for a tailored approach to the private equity asset class.

Against a backdrop of growing appetite in responsible investment—Ernst & Young and the Environmental Defense Fund are launching a new environmentally-focused fund return programme.

The measures leave many of the questions around foreign LP investment into RMB funds unanswered, but contain good news for foreign GPs managing RMB funds.

James Owens, former chief executive at construction machinery company Caterpillar, joins as a senior advisor.

The UK mid-market private equity house has recruited Jim Graham as its first-ever operating partner.

The owner of the world’s largest private equity outfit is introducing greater transparency to its operations.

The SEC lacks the manpower and expertise to monitor private equity firms, former SEC chairman Harvey Pitt told delegates at the Private Equity International CFOs and COOs Forum in New York.

Private equity managers with more than $1bn in assets may be subject to additional reporting requirements under a new rule proposed by the SEC.

Regulatory changes forcing banks to shed private equity teams have produced a wave of spin-offs in need of seed capital.

Adams Street Partners CFO William Hupp on Thursday received the 2011 Private Equity Manager Leadership Award.

So say two thirds of the global LPs surveyed for the latest Coller Capital private equity barometer, which also showed re-ups at an all-time low, but new commitments bouncing back as belief in private equity endures.

Citi has slashed the music publisher's debt from £3.4bn to £1.2bn and has reportedly received interest from private equity firms for the company formerly controlled by Guy Hands' Terra Firma.

The industry trade organisation has released the first of five reporting templates expected to help simplify and standardise reporting in the private equity industry.

Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.

An informal survey taken at PEI's CFOs and COOs Forum in New York last week revealed GPs plan to contribute between 2% and 5% to their own funds going forward.

Industry insiders are anxiously watching the progress of a number of funds in market – but pointing to any one firm’s fundraising experience as a paradigm of wider trends could be misleading.

At Ballard Spahr, Edward Rendell will focus on infrastructure and PPPs, among other practice areas. He left office last week without a much-coveted PPP bill or a signed agreement for the state’s first PPP, but market observers laud his leadership on the issue of increasing infrastructure investment in the US.

The firm’s latest MENA vehicle, the first of its kind, opens up certain sectors for Gulf-based LPs in Carlyle’s $500m MENA fund.