July / August 2014 Issue

Without a standard way to measure performance, both LPs and GPs are exposed to some unnecessary risks.

The industry is on a quest to achieve more standardization on ESG reporting – but it’s encountering a few roadblocks.

Curious about why you didn’t get that commitment? It may have come down to the LP’s portfolio management strategy. Capital Dynamics partners Philippe Jost (pic) and Ivan Herger provide a brief rundown on how investors try to optimize the risk-return profile of their private equity holdings.

While political risk takes many different forms and is difficult to measure for infrastructure investors, some GPs are using more hard science to assess and manage the unknown.

The AIFMD says deal partners can’t be part of the firm’s risk management team – a perplexing challenge given how the industry operates. So how are GPs tackling this new requirement?

What are some of the biggest tax risks facing GPs during due diligence? McGladrey tax partner Nick Gruidl talks about some potential show-stoppers.

ECP partner Carolyn Campbell shares her thoughts on how Africa-focused firms can mitigate and control risks in what’s being described as private equity’s ‘last frontier'.

SEC inspectors like to see full disclosure on how the firm manages co-investments – but GPs are being careful not to make too many promises in writing.

Investors are starting to feel nervous about their roles and responsibilities on LP advisory committees, write Morgan Lewis lawyers Noel Ainsworth and Samia Lone. 

News and views too good not to share...

News and views too good not to share...

We challenge Gulf Capital IR head Muhannad Qubbaj to explain how MENA fundraising can be explained to LPs that may lump MENA countries into one bucket.

A blueprint for how your firm can answer LP questions about succession planning is provided by Clayton, Dubilier & Rice investor relations head Thomas Franco.

We ask GPs whether their academic background has proved a help in their professional career

More GPs and LPs are recognizing the need for more efficient CRM systems. But selecting a system can be a challenge, especially with limited resources

Private funds face the prospect of double taxation unless changes are made to the OECD’s latest anti-tax avoidance initiative

It appears many non-EU managers hope to preserve access to EU investors in a post-AIFMD era using reverse solicitation. Their legal advisors however are still interpreting what exactly reverse solicitation even means

pfm takes a quick tour around the globe to see what jurisdictions have looming regulatory deadlines that GPs should have circled in their calendars

News and views too good not to share...

News and views too good not to share...

After years of anticipation and preparation, FATCA is finally live. But most GPs are only half-way through their compliance planning.

Not only has Jersey come through the regulation hurricane that is AIFMD unscathed; the offshore fund domicile is actually one of few countries that can offer locals both safe harbor from the full impact of the EU directive as well as an investment vehicle designed to pass EU regulators’ smell test on outside managers wanting in.

We talk to Hong Kong-based Debevoise & Plimpton lawyer Gavin Anderson to gain a feel for regulatory developments taking place in China.