Legal/Compliance

The case of the GP who threatened to sue over a stapled commitment.

The pandemic has thrown up some unexpected issues for secondaries market participants, including a sponsor who threatened litigation over a stapled deal.

The law firm advised on more than $57bn-worth of secondaries transactions last year and represented GPs including Audax Group and Clearlake Capital Group.

Industry friends of recently deceased Harvest Partners CFO Marc Unger have launched a website to raise money for a scholarship to his alma mater, Lehigh University, in his name.

The sword of Damocles has dropped on the principals behind GPB Capital. Federal prosecutors have indicted, the SEC is suing.

Pardee formed Mercury along with partners Michael Ricciardi, Mercury’s chief executive, and Enrique Cuan in 2009 after spinning out of Merrill Lynch’s private fund placement group in 2009.

New guidelines clear away a web of no-action letters and provide new guidance, possibly opening up the opportunity for private funds to innovate, but coming with their own complexities.

The private markets investment firm announced some 20 new managing directors and partners.

The organization aims to cut down on the time, money and energy put into the NDA process.

Perhaps most importantly, watch who takes leadership roles on the various legislative committees in Congress that impact private equity, as well as key positions in the administration.