April 2013 Issue

When it comes to relationship building, it’s often investors who lay out the expectations. Below we give GPs and others their chance to speak out on investor relations.

Governments keen to clamp down on tax avoidance are more openly questioning transfer pricing practices. So how can GPs can allow related parties to transact peacefully?

With so much room for error in calculating fair value estimates, PE Manager recently brought together a group of finance professionals and auditors to ask what goes into the making of a valuation report and how GPs can justifiably communicate their estimates to outsiders.

Most firms are carefully considering how to educate their staff on tougher anti-corruption bills like the US FCPA and UK Bribery Act, but that same strong compliance message needs to trickle down to portfolio companies as well says Kroll’s Melvin Glapion.

If Congress decides to raise taxes on carried interest, is there anything GPs can do to protect their wallets?

The next generation of GPs crave regular feedback on work performance, are more tech-savvy and prefer flexible work hours. So how much should your firm care?

Over the past three years the use of transaction insurance has increased on average by about 20% year on year, according to Baker & McKenzie.

Just under half of private equity firms recently surveyed plan on increasing their headcount over the course of the year.

US private equity firms are once again gearing up for a fight on the tax deductibility of interest paid on debt as Congress considers ways to afford a cut in the corporate tax rate.

LPs want their K-1 tax reports delivered as early in the year as possible, leaving it up to GPs to carefully manage their time expectations.

The SEC expects to conduct on-site examinations of newly registered private equity firms and provide feedback on their findings over a two year time window.

The US Public Company Accounting Oversight Board is being provided more capital firepower for its inspections work – a development likely to have spillover effects on the private equity industry.

ESMA's final remuneration guidelines have some GPs worried their pay structures may experience a shake-up. Legal advisers don't necessarily agree.

Alternative asset managers are being pressured to rethink fees as the '2 and 20' model gradually becomes '1.5 and 20', according to fresh research.