July / August 2016 Issue

GPs are increasingly charging investors for co-investments, but how much they’re charging varies wildly.

Raising money from Japanese investors just got harder for managers outside of the country, writes Monument Group general counsel Molly Diggins.

And Finally... 2016-07-01 Happy Friday pfm was intrigued to learn that Credit Suisse has introduced a new scheme called “Protecting Friday Nights”, which gives investment bankers a whole 17 hours of time off at the weekend. Reuters reports that the bank has told staff to leave work by

Technology isn’t the weakest link in cybersecurity, people are. So how do you monitor both?

The SEC’s recent focus has been on fees and expenses, but the regulator is not stopping there. Thomas Angell looks at current and future enforcement trends and how they willaffect private equity firms.

If firms need to register with the SEC and FINRA, what steps should they take? Alan Halfenger, a partner at ACA Compliance Group, explains.

As fund administration continues to grow and consolidate, firms have more to consider before they choose the right long-term partner for their service provider.

Industry lobby groups Invest Europe and its transatlantic cousin, the American Investment Council, face similar-but-different challenges. pfm spoke to Dörte Höppner, of Invest Europe, and her American counterpart Mike Sommers.

Today’s private funds lawyer is expected to be a specialist but cannot ignore the general business issues a firm faces, say Adveq lawyers John Atherton and Stephanie Aldag.

LPs are starting – albeit very slowly – to push for more diversity at their GPs.

Firms must have an examination strategy in place as the regulator increases its scrutiny of private funds.

California’s move to regulate fee reporting could be an unhelpful detour as the industry moves towards standardization.