December / January 2011 Issue

The agency gave greater shape to venture capital exemptions put forth by the financial reform bill passed earlier this year.

Global financial services firm State Street says real estate fund managers in Europe increasingly are looking to outsource functions in the face of incoming resource-intensive EU regulation.

The fund administrator has pulled talent from KPMG to head up its new UK office.

With 694 firms on the market, a majority of firms surveyed plan to invest in marketing strategies over the next 12 months to differentiate their brand, according to a report from BackBay Communications and PitchBook.

Under increasing pressure to attract capital, GPs have acceded to investor demands for more transparency and lower fees, according to a global survey from fund administrator SEI.

Private equity firms need to address ESG issues to create maximum value within their portfolios and meet LP expectations, a study by Doughty Hanson, the WWF and PwC has found.

Georges Sudarskis, founder of Sudarskis & Partners, criticised astronomic management fees in an interview with PEI’s editorial director Philip Borel at PEI's Emerging Markets Forum.

UK Chancellor George Osborne hinted during his Autumn Statement that so-called 'TUPE' employment laws, criticised by some buyout firms as inflexible, are to be reformed.

EU authority ESMA has released the final AIFMD report, detailing suggestions of how fund managers should implement measures affecting operating conditions, depositories, transparency and leverage and third countries.

The Variable Interest Entity structure is under threat as the Chinese securities regulator reportedly confirms closer government scrutiny is underway.

US tax authorities have significantly reduced the risk of sovereign wealth funds, which have committed to US private equity funds, losing their tax-exempt status should certain trading restrictions be breached.

Bill Hupp, vice chairman of the International Private Equity and Venture Capital Valuation (IPEV) board recently spoke to PEM about whether IPEV’s expected revised reporting guidelines will conflict with those recently unveiled by ILPA and if standardised reporting is even a reachable goal.  

Partisan gridlock has prevented a so-called ‘Super Committee’ of US lawmakers from agreeing a deficit reduction plan, preserving carried interest under capital gains tax at least in the short term.

As national regulators reach across borders to protect domestic investors, fund managers will need to answer to multiple authorities.

Limited partner demands continue to increase as they reassess even their most longstanding existing manager relationships, according to a new study by accounting firm Grant Thornton.

KKR’s operational improvement arm KKR Capstone is much more than just a ‘slash and burn’ unit. We go behind the scenes at one of KKR’s biggest investments, Dollar General, to find out more

The firm, along with Duff & Phelps, has led a second financing round for iLevel Solutions, a company that spun out of The Blackstone Group that makes private equity reporting technology to replace outdated manual processes.