Investor Reporting

The Institutional Limited Partners Association guidelines aren't just a developed market phenomenon; their impact is being felt in emerging markets as well.

Coller Capital’s Jeremy Coller on the need for better terms and conditions.

The year 2009 was an eventful one for private equity. Managers of private equity firms learned a number of important lessons, which will likely guide how they do business in 2010 and beyond. Kevin Ley details five takeaways from 2009.

A recent survey shows that with more LPs deciding not to re-up with existing managers, GPs will need to take concerns over terms and conditions – including the new guidelines by ILPA – more seriously.

In an unusual proposition, the Chinese sovereign wealth fund is offering liquidity to LPs in the €11.2bn Apax Europe VII.

The CDC Group, Asian Development Bank and Norfund are among a group of LPs who want to ensure ‘the next generation of emerging market private equity funds are raised on terms that reflect the principles’.

The firm’s funding structure, whereby LPs commit to a private equity programme on an annual basis, may be restructured in the wake of Jon Moulton’s departure.

Avneet Kochar and Frank Ranlett, Directors of Alternative Investments at AT&T Investment Management, propose a bold new standard of fee disclosure for the fundraising market – the ‘size/management fee/carried interest’ tag.

The Paris-based buyout firm has offered LPs a larger cut in the size of their commitments to Fund V.

A recent survey by mergermarket and Houlihan Lokey shows that respondents, among them private equity professionals, expect solvency opinions will become a bigger factor in deals in both the US and Europe.