News & Analysis

In a second letter to EU finance ministers, US Treasury Secretary reiterated his concerns with the ‘anti-competitive’nature of the AIFM Directive’s third-country rules. Geithner also discussed some of the financial regulatory initiatives that the US is working on.

The US Treasury Secretary said in a second letter the US is bolstering its regulatory approach to alternatives with registration requirements.

The firm’s financial services group, head by Olivier Sarkozy, half brother of the French president, believes it can work within the parameters established by the US Federal Deposit Insurance Corporation.

Will Kussell, who worked as president at the restaurant chain, will help Advent identify investment opportunities.

Several institutions have carved out - or considered creating - space for private equity for the first time, countering a retreat by struggling LPs with more experience in the asset class.

The firm had offered $2.4bn, which included the assumption of debt, to acquire Ohio-based Cedar Fair. The deal did 'not have the required level of investor support', the company said.

GPs and LPs alike are starting to mull new approaches to compensation and incentivisation. In the first of a three part series, David Snow proposes tethering carry to performance.

The New York firm is expanding its portfolio company, GeoDigm, with the acquisition of National Dentex, a company that runs dental laboratories.

More explicit disclaimers of implied duties may need to be included in earnout transactions to avoid getting hit by penalties in states such as Massachusetts, New York and Pennsylvania.

Banks and insurers – two significant players in the domestic French LP base – are being pulled away from asset class.