April 2015 Issue
Coming to an LP meeting near you
A brain trust of LPs and GPs, with the help of the United Nations, are looking to forever change and standardize ESG reporting practices
Winner by default
Regulators look poised to finally implement pay rules under Dodd-Frank. Is the private equity compensation model already in compliance by default?
Total transparency
Should everyone get excited about David Rubenstein’s vision for private equity’s see-through future?
A rush to disclose
SEC saber-rattling on fees is prompting more GPs to file ‘other-than-annual amendments’ to their Form ADV Part 2As. The new disclosures made prior to the March 31 filing deadline hint at a range of approaches to Form ADV updates taken this year
Unintended consequences
Governments across the globe have been taking shots at tax evaders recently and next might be real estate
The name game
The tax treatment of monitoring fees has caught the attention of the IRS, but in lieu of any formal guidance, GPs should be ready to explain the rationale for the fee structure and the services they provide for them
Q&A: Rerouting your real estate
In light of the recent amendments to the France-Luxembourg Tax Treaty, pfm asks tax specialist Freddy de Petter what firms can do to restructure their French real estate investment
HEAD-TO-HEAD: Is your fund a business?
Tax experts Steven Rosenthal and Amanda Nussbaum debate whether or not a private equity fund should be taxed as a ‘trade or business’
Ever out of favor
News and views too good not to share...
Top quartile spouses
News and views too good not to share...
Whose tax is it anyway?
The IRS issued new regulations that may cost fund managers millions in lost transaction-related deductions.
Learning to love regulation
With investors and regulators having grown apart, efforts are being made to bring them together.
Monday morning rigor
CFOs, auditors and valuation service providers come together to discuss the possibility, and threat, of LPs demanding monthly reporting.
One data standard, one problem
Adoption has always been the AltExchange Alliance’s biggest challenge. Here’s how to solve it.
LPs have your back
The industry can make a more forceful case for sensible AIFMD rulemaking now that investors have shown their support.