Our insight today comes from the CFO of Blue Vista Capital Management, James Strezewski. Blue Vista is a private equity real estate firm, but private funds CFOs of all hues will recognize the challenges:
– Tax changes are the biggest headache: “States are changing rapidly to react to the federal changes and there is little guidance available to validate one’s decisions.”
– The biggest challenge coming down the track? HR. “Retaining talented employees is always a challenge, but with the field of competitors for a relatively thin labor pool having increased in the past decade, it has become increasingly difficult.” Read the interview here.
Elsewhere fund services firm Gen II is celebrating a win: it will provide fund accounting and reporting, fund administration and other services to Aberdeen Standard Investments USA’s private equity funds.
In C-suite people news: FTV Capital (New York and Sand Fransisco-based, $2.7 billion AUM according to PEI data) has hired a chief talent officer. Allison Walker joins from TCV (formerly known as Technology Crossover Ventures).
Email prepared by Toby Mitchenall.