December / January 2011 Issue


    Month: December
    Year: 2011

    Back to Print Editions

    SEC defines venture capital

    The agency gave greater shape to venture capital exemptions put forth by the financial reform bill passed earlier this year.

    EU firms seeing greater appeal in outsourcing

    Global financial services firm State Street says real estate fund managers in Europe increasingly are looking to outsource functions in the face of incoming resource-intensive EU regulation.

    Alter Domus sets up shop in London

    The fund administrator has pulled talent from KPMG to head up its new UK office.

    Study: Firms ramp up marketing budgets

    With 694 firms on the market, a majority of firms surveyed plan to invest in marketing strategies over the next 12 months to differentiate their brand, according to a report from BackBay Communications and PitchBook.

    Majority of GPs relinquishing greater fund data

    Under increasing pressure to attract capital, GPs have acceded to investor demands for more transparency and lower fees, according to a global survey from fund administrator SEI.

    Study: ESG offers competitive advantage

    Private equity firms need to address ESG issues to create maximum value within their portfolios and meet LP expectations, a study by Doughty Hanson, the WWF and PwC has found.

    Sudarskis: Management fees are ‘unacceptable’

    Georges Sudarskis, founder of Sudarskis & Partners, criticised astronomic management fees in an interview with PEI’s editorial director Philip Borel at PEI's Emerging Markets Forum.

    Osborne hints at weaker employment laws

    UK Chancellor George Osborne hinted during his Autumn Statement that so-called 'TUPE' employment laws, criticised by some buyout firms as inflexible, are to be reformed.

    AIFMD final report: Implementing new measures

    EU authority ESMA has released the final AIFMD report, detailing suggestions of how fund managers should implement measures affecting operating conditions, depositories, transparency and leverage and third countries.

    China official confirms VIE under regulatory review

    The Variable Interest Entity structure is under threat as the Chinese securities regulator reportedly confirms closer government scrutiny is underway.

    Relaxed IRS rules could rouse foreign investment

    US tax authorities have significantly reduced the risk of sovereign wealth funds, which have committed to US private equity funds, losing their tax-exempt status should certain trading restrictions be breached.

    Q&A: The quest for standardised reporting

    Bill Hupp, vice chairman of the International Private Equity and Venture Capital Valuation (IPEV) board recently spoke to PEM about whether IPEV’s expected revised reporting guidelines will conflict with those recently unveiled by ILPA and if standardised reporting is even a reachable goal.  

    Carry tax hike a ‘super’ failure

    Partisan gridlock has prevented a so-called ‘Super Committee’ of US lawmakers from agreeing a deficit reduction plan, preserving carried interest under capital gains tax at least in the short term.

    Cross-border regulations a growing risk for GPs

    As national regulators reach across borders to protect domestic investors, fund managers will need to answer to multiple authorities.

    Study: LPs demand meetings without GPs

    Limited partner demands continue to increase as they reassess even their most longstanding existing manager relationships, according to a new study by accounting firm Grant Thornton.

    Peeling the curtain back on KKR Capstone

    KKR’s operational improvement arm KKR Capstone is much more than just a ‘slash and burn’ unit. We go behind the scenes at one of KKR’s biggest investments, Dollar General, to find out more

    Carlyle backs LP-friendly reporting technology

    The firm, along with Duff & Phelps, has led a second financing round for iLevel Solutions, a company that spun out of The Blackstone Group that makes private equity reporting technology to replace outdated manual processes.