March 2013 Issue

The German government has removed a tax provision which raised fears of an exodus among listed private equity managers.

Disclosures notes are becoming an information overload for users of financial statements, according to a survey conducted by international accounting standard setters.

Despite positive feedback regarding private equity's role in the entry, financing and exit phases, some firms are still not adding enough operational value, according to fresh research.

Many private equity compliance officers are not aware that the recently passed Iran Threat Reduction and Syria Human Rights Act had imposed far-reaching disclosure obligations on certain GPs and their portfolio companies.

Joshua Rovine has circled back with his previous firm after a ten year stint with the asset management firm.

GPs worried they could be on the hook for a bankrupt portfolio company’s pension plan are being advised to consider a co-investment strategy – an issue highlighted by a recent district court ruling in the US.

Changes to US’ ‘built-in gains’ tax made in the recent fiscal cliff deal have boosted the attractiveness of mid-market deal opportunities.

It’s not every day that private equity finance and operations specialists come together to reflect on the industry and their roles within it. Reporting from the sidelines at last week’s PEI CFOs and COOs Forum in New York, PE Manager relays some of the more memorable insights delegates shared.

Proskauer Rose partner Robin Painter provides a case study demonstrating how GPs can effectively negotiate the LPA with prospective investors.

As LPs struggle with their own fair value reporting, many expect GPs to ease their burden by sufficiently disclosing and explaining the firm’s valuation policies.

Valuation is by no means an exact science, meaning GPs collaborating on deals should pay attention to how other consortium members are valuing the company.

In this roundtable discussion, PE Manager sits down with a mix of fund administrators and chief financial officers to figure out how CFOs and COOs can find the right third party service provider for their firm, or if one is even needed at all.

The International Valuation Standards Council has released a discussion paper addressing the lack of guidance available for firms when measuring and reporting their liabilities.