May 2011 Issue

Placement agents or GPs selling LPs’ fund stakes on their behalf may need to split the offer between AIFM-compliant and non-compliant funds.

Pantheon, Apax, Oaktree, First Reserve, Warburg Pincus, Hellman & Friedman and Adveq are the latest firms to endorse the best practices guidelines put forth by the Institutional Limited Partners Association.

Indian fund managers offer  'preferential fees' for some LPs, according to a study from Squadron Capital.

Contrary to critics’ claims that private equity houses mislead investors by overvaluing their assets, GPs are if anything ‘too conservative’, according to research from trade body the BVCA.

The proposed directive would allow venture capital funds in the European Union to invest in other EU member states.

Former New York state comptroller Alan Hevesi was sentenced to up to four years in prison for his involvement in New York’s massive pension pay-to-play scandal that rocked the private equity world and tarnished the image of placement agents

The offshore island is set to meet the directive’s requirements for an EU-wide fund marketing “passport” by 2013.  

A reworking of the country’s domestic tax system could lead to a 30 percent tax on carried interest. Shefali Goradia, partner at Indian tax advisory firm BMR Advisors spoke to PEM about the risks facing foreign investors, local managers and Mauritius-domiciled funds.

The $150bn pension will consider more opportunities for internal management of investment assets as it looks for ways to cut costs.

At a recent Infrastructure Investor roundtable discussion in New Delhi, talk revolved around the issue of whether the introduction of independent industry regulators would help expedite infrastructure processes better, as well as make them fairer.