People Moves

The quoted fund of funds, backed by Bank of America and Oak Hill, has engaged ABN AMRO to issue a continuous quote on its shares. It is the second time the bank has provided the Euronext-traded fund with liquidity.

Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.

Building the right board of directors for a portfolio company about to go public is crucial to a successful offering. How can they source a board as they get ready for the glare of the public markets?

Avoiding accounting and auditing delays, hence higher costs, for newly acquired portfolio companies can be acheived in four steps.

With private equity firms bigger and more complex than ever before, sophisticated chief financial officers are in high demand. No one knows this better than Clarke Murphy, the head of global private equity searches at executive recruiter Russell Reynolds. Murphy, based in New York, tolddavid snowrecently that while investor relations professionals are probably at peak demand currently, private equity firms are on the hunt for CFOs and finance professionals who can bring a diverse mix of skills to the table. Excerpts from our conversation with Murphy are below.

GPs are increasingly adopting or considering adopting fair value guidelines, as FASB drives fair value implementation and auditors pay more attention to GPs and LPs, finds a new survey by the Tuck Center for Private Equity and Entrepreneurship.

Much of the European private equity industry has embraced the concept of valuing portfolio companies according to fair value principles. But the goal of global harmonization cannot yet be claimed.

GPs in the US who have so far escaped full compliance with FAS 157 are now feeling heat from LPs, and from a looming ‘footnote’ rule on fair value accounting.

Blame the IRS Code's Section 409A for a trend that is seeing executive compensation at private equity portfolio companies fall under the fair value umbrella.

Greenwich, Connecticut based growth equity powerhouse General Atlantic has not one, but two general counsels. Meet David Rosenstein and Chris Lanning.