News & Analysis

Among the many kinds of stories that PEI Media has covered over the years, layoffs at private equity firms has been among the rarest.

NORTH AMERICA IN BRIEF 2009-03-01 Staff Writer <strong>CFOS IN FEAR OF LP DEFAULT</strong><br> A third of the roughly 200 private equity chief financial officers and chief operation officers at the <italic>Private Equity International</italic> CFO and COO forum in New York said

Industry practitioners and corporate veterans want to fine-tune the leadership skills of charity chiefs

A departure, an administrative leave of absence and an investigation in China have brought uncertainty to the giant investment firm. PERE Magazine March 2009 issue

President Obama included language in his budget released yesterday that would tax carried interest as income at 39.6 percent. In other regulatory news, a bill in Congress would also require all advisors to private equity funds to register with the SEC.

Europe’s private equity industry has submitted a 300-page document to the European Parliament to begin a debate on industry regulation without ‘political colour’. An enforced code of conduct has become a necessary step, according to EVCA secretary general Javier Echarri.

None of the sale's proceeds have been used to cash out Apax GPs, but rather will be re-invested in a permanent capital vehicle that will invest in Apax funds.

Guy Hands’ firm has avoided shrinking its €5.4bn third fund by buying out three cash-strapped LPs at ‘a small premium’.

The US mega-firm, which has recently pledged to adopt socially responsible investment strategies, says three of its portfolio companies have saved more than $16m through green policies, with other portfolios set to follow.

The firm is revising its investment strategy for the fund as well as allowing investors to slash their commitments. Before any reductions the fund stands at €3bn.