June 2012 Issue
ILPA responds to rival guidelines
The LP trade body said its reporting standards provide greater transparency but are not in conflict with guidelines recently unveiled by IPEV.
Q&A: Adjusting the hurdle
Investors may not be willing to budge on the standard 8% hurdle rate, but we ask private funds lawyer Nick Benson of Weil, Gotshal & Manges whether peripheral points of negotiation are cropping up.
Industry challenges Obama on debt tax shield
President Obama’s pitch to curb the tax deductibility of corporate debt is being challenged by a Private Equity Growth Capital Council study claiming doing so would deter investment.
Symbiotic relations
When done right an LP advisory committee can be a powerful tool for both investors and fund managers. Oak Hill Capital Partners investor relations head Jeffrey Mills explains how to do it in this chapter extract from the PEI Investor Relations Manual.
Wash sales: A lurking issue
Private equity firms executing misleadingly named ‘riskless transactions’ may be catching the attention of market watchdogs, warns George Michaels of G2 FinTech
One tweet at a time
Some private equity firms now consider social media part of their tool kit in building a strong brand name. Colin Rowe reports.
Deal Mechanic: Network grail
Warburg Pincus and Cinven created Dutch cable company Ziggo from three regional players in 2007. In March it became the biggest European IPO for nine months.
Accounting ‘condorsement’
CFOs hoping for a universal set of accounting standards may be setting themselves up for disappointment.
PE employees unite!
Private equity firms too restrictive in their social media policies could find themselves on the wrong side of the law.
GPs demand data on the go
Fund administration providers are finding ways to bring portfolio monitoring tools and other services straight to GPs’ personal electronic devices.
Busting bribery
Nearly a year after its inception, GPs are still unsure of how to adequately defend themselves from the severe repercussions of the UK Bribery Act.
US officials get tougher on data disclosures
The US Bureau of Economic Analysis is signalling that it will more rigorously police certain GPs’ and others’ filing requirements, due later this month, with the Department of Commerce.
Depositories pegged a top cost concern
With respect to AIFM rulemaking, fund managers view depositories as having the greatest cost impact, according to a recent survey.
Chile once again tops LAVCA rankings
Mexico increased its overall score compared to 2011, as improvements to its capital markets structure have strengthened the exit environment for small and medium sized companies.
The cost of commitments
Today’s tough fundraising market is shaping the way placement agents are being compensated.
Compliance-ready
Delegates at the third annual PEI Private Fund Compliance Forum in New York last week learned that the SEC is planning some targeted inspections. Is your firm ready?