Sam Sutton
.jpg "LPs: Availability of debt damaging PE")
Too much debt is driving buyout firms to target inferior deals or over-leverage premium ones, according to Coller Capital’s survey of investors.
SEC examiner Nina Freedman also spoke about the need for documentation in regards to portfolio valuation.
.jpg "Federal Reserve extends Volcker timeline")
The Volcker Rule prohibits banks from sponsoring or having interests in certain CLO products.
Harold Zagunis will take over for Harold Spencer (pictured), who was interim CFO through TriplePoint Venture Growth BDC’s IPO.
The new proposal, considered to be more stringent than Basel III, takes a narrower view on what can be characterized as a high quality liquid asset. Â
Almost a year and a half removed from negotiating below-market terms on its separate accounts with Blackstone, The New Jersey Division of Investment continues to focus on fee breaks.
Most investors will opt for the option that reduces management fees in exchange for higher carried interest payouts to GPs, according to one LP.
University of Oxford research has concluded that GPs inflate valuations of existing portfolio companies while marketing follow-on funds.
The pay-to-play scandal forced the New Mexico State Investment Council to undertake a dramatic overhaul of its investment and governance policies.
Shrinking fees and reliance on carried interest brings the industry back to its roots, Thomas H Lee head Scott Sperling told delegates at PEI’s CFOs and COOs Forum in New York.
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