November 2017 Issue
Crowe HDecoding cybersecurity
The WannaCry and NotPetya cyberattacks that struck earlier this year have some important lessons for private fund managers wanting to keep their firms safe.
Crowe Horwath: Guarding every gate
The discussion about cyberattacks used to center on if they would happen; now we talk about when and how often. Attackers are increasingly sophisticated, well-funded and nimble; as a result they are breaching networks and data around the world. Even if a firm feels confident in its controls, its portfolio of companies may be at […]
Crowe Horwath: How to protect your firm from the hackers
Every high-profile hack reminds C-suite executives of the stakes involved in their cybersecurity program. Then the budget swells for the task of safeguarding a company’s data, even as senior management frequently don’t have the expertise to decide how best to prioritize the various elements of a program. It becomes easier to hire a small army […]
Crowe Horwath: Cybersecurity damage control
The most rigorous cybersecurity program still can falter in the face of a natural disaster or highly skilled hacker. Bob Lullo of Crowe Horwath tells pfm how best to limit the damage of any crisis.
CFO survey: Taking a deeper dive
The days when a chief financial officer’s role was a 'back-office' job – focused solely on financial reporting and tax return compliance – are long gone.
CFO survey: Strategy takes center stage
The pfm/EisnerAmper CFO Survey reveals the extent to which finance chiefs are having to perform tasks outside their traditional areas of expertise.
CFO 2.0: Far beyond the audits
The role of a private equity firm CFO may start with finance and accounting, but it spreads much further than that, as Toby Mitchenall discovered when he sat down with a panel of senior executives and technical experts
CFO 2.0: Who picks up the tab?
The tougher stance from the SEC on fees and expenses has had knock-on effects around the world.
CFO 2.0: Turning up the heat
Limited partners are adding a whole new layer of demands to a CFO’s bulging in-tray.
Mario Giannini: Are LPs are ignoring operational due diligence?
Investors in private equity need to pay closer attention to the operational infrastructure of their managers, writes Hamilton Lane's Mario Giannini.
CFO 2.0: No ordinary job
Life used to be so much more straightforward for private equity funds: one simple fund structure with everything done deal-by-deal. That left chief financial officers as little more than glorified book-keepers – a far cry from the current situation where they are expected to serve as everything from compliance experts to technology chiefs. Andrew Sutton, […]
CFO 2.0: Navigating the tax maze
Staying abreast of new tax rules and recommendations can be a daunting task for CFOs. That information overload has forced them to rely more heavily on external tax advisors, according to Michael Laveman, an EisnerAmper tax partner and co-chair of its New York tax practice.
CFO 2.0: Battling the threat
As external cyberattacks become ever more sophisticated and aggressive, fund managers need to ensure their security keeps pace
Upping the ante on cybersecurity
Staying ahead of the curve on cybersecurity is no easy feat, especially as hacking methods grow ever more insidious. pfm gathered six industry leaders to discuss best practices, managing third-party risk and keeping up to snuff with the regulator.
From back office to center stage
The role of the private fund CFO has grown beyond all recognition, according to new research.
‘We’re the patient capital of the non-profit sector’
pfm caught up with Andy Ratcliffe, chief executive of UK private equity charity Impetus-PEF, to discuss how private equity can help young people and the highlights of the charity’s annual triathlon.
Carry on dreaming
US private fund managers are not losing sleep over the fate of the carried interest tax.
Look to VC for the future of fund operations
Private fund firms can be conservative when it comes to taking on new technology, but they could learn a thing or two from their venture capitalist peers.
The final hurdle for investors
LPs seem to have won the battle for lower management fees and carry, but hurdle rates are slow to fall.
Crystal clear: Carlyle CFO Mayrhofer on credit lines
Thomas Mayrhofer, chief financial officer for the Carlyle Group’s corporate private equity segment, explains what he considers best practice for the use of credit lines
A view from San Francisco
The key takeaways from sister title Private Equity International’s Private Fund Finance and Compliance Forum.
As Lux would have it
Brexit has created uncertainty for UK fund managers, but the EU 27 will be fine without them, say delegates at the Association of the Luxembourg Fund Industry’s conference.