September 2017 Issue
The Trojan horse in the room
Private fund managers have improved their cybersecurity policies, but they’ve still got a way to go to satisfy the regulators. Why is it proving so hard to be compliant?
SEC’s reporting modernization rules mark new era
New Securities and Exchange Commission reporting requirements will be burdensome for fund managers, but provide the agency with the power to aggregate and analyze information like never before, writes WithumSmith&Brown’s Tom Angell
In the frame
The Mandatory Performance Framework could be coming to private funds accounting, but will the accompanying qualification catch on? Claire Wilson finds out
Hunting the unicorn
The regulator is watching start-ups ‘worth’ more than $1bn, so private fund managers must ensure their valuation policies are compliant. Claire Wilson reports
IRR calculations remain under SEC spotlight
Fund managers must be explicit in disclosing their calculation methodology to investors, or face the wrath of the regulator, writes Vivek Pingili, vice-president of compliance at Cordium
The institutionalization of private equity
With the growth of private equity and the wall of money flowing in, managers are struggling with the ‘institutionalization’ of the asset class. Malcolm Pobjoy, Vistra’s group commercial director for North America, sets out what GPs need to do to deal with new investor demands
Booking the value
As private funds accounting becomes ever more important, Peter Cogan, partner and co-leader of EisnerAmper’s financial services audit and assurance services practice, tells pfm about the rising complexity – and the costs
Bringing the back office to the front
Technology upgrades, operational due diligence and marketing compliance pitfalls were hot topics at sister title Private Equity International’s Investor Relations & Communications Forum. Claire Wilson reports on the key takeaways
Winds of change
The nomination of a Dodd-Frank critic as commissioner and the private filing of IPOs are just two signs of a new direction at the SEC, Claire Wilson writes
The enemy within
Fund managers hold huge amounts of data and sensitive information, so tackling the sharp rise in cyber-crime is a priority. Zak Bentley finds out how to defend against an attack
First among equals
The pain UK-domiciled fund managers are feeling from the Financial Conduct Authority will be worth it in the long run
What to do when the worst happens: cyber-attack
Two recent security breaches mean it’s time to examine how private fund firms should act if they become victims
Clause for thought
Do key-person provisions achieve what they are supposed to?
‘I love the creativity and satisfaction’
Alexandra Poe, a private funds partner in the corporate practice of Hughes, Hubbard & Reed in New York, tells pfm about how she ended up in private equity law and the best week of her life.