February 2019 issue
Riverside’s chief information officer on harnessing tech
Riverside chief information officer Eric Feldman tells pfm about his unusual route to private equity and leveraging data.
Fund managers should prepare for a worst-case Brexit scenario
They need to zero in on their specific fund’s focus before contemplating what the outcome of any type of Brexit vote will mean to them, Robert Mirsky, head of EisnerAmper’s asset management group and head of EisnerAmper UK, tells pfm
Brexit shadow won’t fall on Jersey
The domicile will remain attractive to private equity fund managers looking to market vehicles in all or parts of the European continent, regardless of Brexit’s effect on the national private placement regime, Elliot Refson, business development director for funds at Jersey Finance, explains to pfm
How Partners Group does tech
Chief technology officer Raymond Schnidrig on the $78bn firm’s use of the tools at its disposal.
What LPs care about
Details from sister publication Private Equity International’s Perspectives study reveals investors’ thoughts on fees, fund restructuring and ESG.
Brexit uncertainty hits European buy-and-build
Add-on acquisitions dropped notably in the first half of 2018, a report reveals.
Reporting for duty
CFOs have a vital role in ensuring good reporting and are increasingly called on to meet LPs.
Shades of gray
An SEC ruling on email monitoring has done little to clarify the limits of compliance chiefs’ liability.
Understanding the J-curve
In this extract from Private Equity Mathematics, Ivan Herger lays out the potential models for the J-curve.
Firms prefer to deal with restructurings and extensions later rather than sooner
Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.
Developing nations pose biggest bribery risk for CFOs, executives
The 2018 TRACE Bribery Risk Matrix covering 200 countries and territories found that Somalia, Libya, Venezuela, Chad and Turkmenistan are riskiest.
LPs are demanding more from CFOs
Investors can find it helpful to meet CFOs during the due diligence process, especially when it comes to concerns related to fees and expenses.
What happens when subscription credit lines turn sour
SocGen’s dispute with some Abraaj LPs over an unpaid facility could have far-reaching consequences for the fund finance industry.
SEC enforcement unit continues to lose staff, raising concerns on PE oversight
The Enforcement Division has lost 10 percent of its staff over a two-year period.
Europe: Home of the no-fault divorce clause
US funds often offer a no-fault suspension of the investment period, which is relatively rare in European funds, according to a report from MJ Hudson.
How are PE firms vesting their carried interest?
30% of professionals said that their vesting schedule lasts more than five years, according to a survey by Heidrick and Struggles.
5 steps to securing your PE firm’s data
Private equity firms with limited resources can take measures without spending heavily to ensure that their data is protected, writes Phil Chambers.
Delos CFO sees politics as a top concern in 2019
Political stability is healthy for the economy, Delos Capital’s Sanjay Sanhoee says
Abraaj: a test case for broken credit lines
Defaults on subscription credit facilities have been a rarity; Abraaj’s unwinding will provide useful insight into how these scenarios play out.
This may be the start of the SEC’s focus on allocation
The regulator will be monitoring firms that manage both mutual funds and private funds to check for allocation conflicts. PE firms should take note.