July / August 2014 Issue


    Month: July
    Year: 2014

    Back to Print Editions

    Why GIPS deserves more attention

    Without a standard way to measure performance, both LPs and GPs are exposed to some unnecessary risks.

    Conversation starters

    The industry is on a quest to achieve more standardization on ESG reporting – but it’s encountering a few roadblocks.

    Less risk, more reward

    Curious about why you didn’t get that commitment? It may have come down to the LP’s portfolio management strategy. Capital Dynamics partners Philippe Jost (pic) and Ivan Herger provide a brief rundown on how investors try to optimize the risk-return profile of their private equity holdings.

    Testing your instincts

    While political risk takes many different forms and is difficult to measure for infrastructure investors, some GPs are using more hard science to assess and manage the unknown.

    Keeping dealmakers at a distance

    The AIFMD says deal partners can’t be part of the firm’s risk management team – a perplexing challenge given how the industry operates. So how are GPs tackling this new requirement?

    Covering your bases

    What are some of the biggest tax risks facing GPs during due diligence? McGladrey tax partner Nick Gruidl talks about some potential show-stoppers.

    A frontline view on Africa

    ECP partner Carolyn Campbell shares her thoughts on how Africa-focused firms can mitigate and control risks in what’s being described as private equity’s ‘last frontier'.

    Finding your disclosure sweet spot

    SEC inspectors like to see full disclosure on how the firm manages co-investments – but GPs are being careful not to make too many promises in writing.

    What's got investors worried about LPACs?

    Investors are starting to feel nervous about their roles and responsibilities on LP advisory committees, write Morgan Lewis lawyers Noel Ainsworth and Samia Lone. 

    World Cup fever

    News and views too good not to share...

    Is coffee on the house?

    News and views too good not to share...

    Bridging the gulf

    We challenge Gulf Capital IR head Muhannad Qubbaj to explain how MENA fundraising can be explained to LPs that may lump MENA countries into one bucket.

    Change of guard: What LPs want to know

    A blueprint for how your firm can answer LP questions about succession planning is provided by Clayton, Dubilier & Rice investor relations head Thomas Franco.

    Getting the job done: How much does your college major matter?

    We ask GPs whether their academic background has proved a help in their professional career

    Need for (CRM) speed

    More GPs and LPs are recognizing the need for more efficient CRM systems. But selecting a system can be a challenge, especially with limited resources

    Threat on the horizon

    Private funds face the prospect of double taxation unless changes are made to the OECD’s latest anti-tax avoidance initiative

    Backing into Europe

    It appears many non-EU managers hope to preserve access to EU investors in a post-AIFMD era using reverse solicitation. Their legal advisors however are still interpreting what exactly reverse solicitation even means

    The world at a glance

    pfm takes a quick tour around the globe to see what jurisdictions have looming regulatory deadlines that GPs should have circled in their calendars

    CFO no-call list

    News and views too good not to share...

    Spy games

    News and views too good not to share...

    The facts on FATCA

    After years of anticipation and preparation, FATCA is finally live. But most GPs are only half-way through their compliance planning.

    Through the storm

    Not only has Jersey come through the regulation hurricane that is AIFMD unscathed; the offshore fund domicile is actually one of few countries that can offer locals both safe harbor from the full impact of the EU directive as well as an investment vehicle designed to pass EU regulators’ smell test on outside managers wanting in.

    New chapters in the rulebook

    We talk to Hong Kong-based Debevoise & Plimpton lawyer Gavin Anderson to gain a feel for regulatory developments taking place in China.