Compliance & Regulation

California has unveiled an official definition of ‘venture capital firm.’

EVCA has argued that the Walker Report should address its reservations in order to become a ‘European benchmark.’

The US House of Representatives has narrowly passed a bill that aims to raises taxes on private equity and hedge fund managers by roughly $48 billion. The bill now heads to the Senate, and if approved, is likely to be vetoed by President Bush.

Global back office 2007-12-01 Staff Writer The December issue of <italic>PEI Manager</italic> looks at the growing number of firms that have ?gone global,? and at how these firms have structured themselves to do business across borders. These structures are all over the map, literally and figurat

Sir David Walker’s report on transparency and disclosure has encouraged UK industry body, the BVCA, to name, shame and expel non-compliers with his proposed code.

UK industry body the British Private Equity and Venture Capital Association (BVCA) is bowing to pressure to be more transparent. The BVCA’s chief executive Simon Walker said the self-regulatory proposals were tough but necessary.

Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.

Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.

The president of the Private Equity Council, Doug Lowenstein, told attendees at a recent PEI Media investor relations conference how the US lobbying group intends to support and demystify the industry.

UK buyout firm Permira is on the road to acquiring Valentino as Carlyle pulls out of the bidding.