July / August 2017 Issue

Consolidation may be beneficial for the fund administration businesses, but is it in the best interests of the end user? Rebecca Akrofie explores the recent surge in acquisition activity and gets a CFO view on its impact

Guidance unveiled by the investors’ trade body on subscription lines comes as the industry is getting to grips with best practice on this now-controversial issue, Thomas Duffell writes

The Financial Conduct Authority will insist UK private equity firms use a standardized reporting template, but it’s crucial they learn from their US counterparts.

The US regulator and the limited partner lobby group are gathering data on fund-level leverage, and are likely to focus on disclosures to LPs, Marine Cole finds

Since Oaktree’s Howard Marks sounded the alarm on subscription line financing, criticism has rained down on the product. Kalliope Gourntis spoke with GPs about the facilities

The Financial Choice Act would mean GPs no longer have to register with the SEC, but many of them see it as a selling point.

Brexit, transparency and subscription credit lines were on the minds of chief financial officers at Invest Europe’s CFO Forum in Germany. Claire Wilson has four takeaways from the conference

Economic terms for private equity investments are evolving, but are today’s agreements the new norm?

Flexibility in fund terms may suit LPs and GPs, but transparency can suffer as a result

Marine Cole examines the symbiotic relationship between subscription credit lines and secondaries funds

The SEC may not pursue every infringement under its new chairman, but the focus on examinations is here to stay, says Blackstone chief legal officer John Finley

GPs pursuing buy and build strategies should gauge their antitrust risk early, because there can be a steep price for waiting until a regulator comes knocking, writes Rob Kotecki.

Claire Wilson considers what fund managers want – and what they expect – from the AIFMD review.

Most firms have adapted well to increased regulatory requirements, but keeping the watchdog from the door is an ongoing challenge. Claire Wilson and Rebecca Akrofie look at what’s next for global private fund regulation.

Legal View Rebecca 2017-07-01 Akrofie THE AMERICAS Simpson Thacher & Bartlett has appointed David Blass as a partner in the firm’s investment funds practice. Blass joins from the Investment Company Institute, where he was general counsel. He formerly held numerous positions at the US Se

Jul/Aug 2017 News Digest Rebecca 2017-07-01 Akrofie Dollar Tree sues Sycamore Sycamore Partners is being sued for allegedly breaching the terms of an agreement that formed as part of an acquisition made by one of its portfolio companies. The private equity firm agreed it would work with Do

Michael Halford, a fund formation lawyer at global law firm Goodwin Procter, tells Rebecca Akrofie about the science behind his specialty and the hobby that hones his skills.