May 2013 Issue
UK’s AIFM consultation paper a mixed bag
Despite providing clarity on whether or not carried interest and co-investment structures are caught by the directive, UK regulators' latest guidance on AIFM implementation remains muted on compensation rules.
US gains seat on IASB advisory board
The Financial Accounting Standard Board was awarded a voice on an advisory board tasked with help shaping a unified set of global accounting rules.
London pension merger may slash fees
Plans to combine the bargaining power of London pension funds may allow the merged entity to negotiate lower management fees and increase its allocation to private equity.
Legislator tries again for PE exemption
Representative Robert Hurt’s bill would remove a SEC registration requirement for private equity firms instituted by Dodd-Frank.
Investors get specific on ESG expectations
A think-tank of industry players has developed a list of straight-forward questions for LPs to use when evaluating GPs’ responsible investment practices.
Losing your chutzpah, preserving your brand
GPs produce more predictable returns as they age, research shows. Wanting to keeping hold of the firm’s reputation may explain why.
Can GPs' valuations be trusted?
A recent study has questioned the veracity of fund managers’ interim valuation measures. But is this a problem of yesteryear?
Delegation: When a win is not a win
UK-based GPs may be declaring a premature victory on their delegation rights under the AIFM directive
The vague value of Chinese VIEs
Hundreds of billions of dollars of foreign capital are tied up in Chinese variable interest entities – but the regulatory fate of these unusual investment structures remains unclear.
Finding the right ESG solution
What’s the best way for your private equity firm to enhance its ESG strategy?
Obama budget predicts higher carry tax revenue
The White House’s 2014 budget proposal estimated that a rise on carried interest tax will create $16bn in tax revenue for the government – $3bn more than last year's estimate, but significantly less than estimates in years past.
Q&A: Executive relations
A GP’s relationship with portfolio company management teams is essential in driving companies forward. PE Manager speaks with JMI Equity’s Paul Barber and two of his portfolio company chief executives, Mike Wessinger and Kim Massana, to hear what makes the relationship work best.
A new front in the war for talent
Private equity firms may want to consider hiring a ‘head of talent,’ writes Todd Wyles of human capital consulting firm Morgan Samuels
2012 compensation survey results
A compensation survey seen exclusively by PE Manager provides a glimpse into your colleagues’ total cash intake last year
Regulators eye lending standards
There are no hard and fast rules on leveraged lending, but US regulators are keeping close watch of debt levels in the buyout markets and issuing new guidance.
Custody rule: Flagging compliance gaps
The SEC says private equity firms aren’t taking enough heed of its custody rule. So what exactly are GPs getting wrong?