September 2018 issue

    Month: September
    Year: 2018

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    Guernsey Finance on meeting Sustainable Development Goals

    Guernsey’s Green Fund Rules offer a framework to combine financial return with environmental benefit, writes Dominic Wheatley, chief executive of Guernsey Finance.

    The Netherlands’ tax advantage

    The country has one big edge over other jurisdictions: a fund structured as a limited partnership is tax-exempt.

    Channel Island havens retain private placement edge

    Indications that private placement will be phased out anytime soon are ‘some way off the mark.’

    Ireland’s fast approval process gives it Brexit edge

    The country has time on its side, as setting up a fund can be as quick as 24 hours.

    Luxembourg makes big gains on Brexit rivals

    The Grand Duchy is seeing a rise in the number of funds, RAIFs and LPs registered in the country in anticipation of the UK’s secession from the EU.

    Nordic Capital: AIFMD changes are hampering investment

    CFO Klas Tikkanen says the changes being made to the EU's AIFMD regime and broader legal complexity are harming investment and increasing the danger of funds breaching the law.

    Blackstone’s chief legal officer puts tech to work

    The firm’s chief legal officer John Finley talks SEC settlements and artifical intelligence.

    States could fall like dominoes in carry tax ‘fairness fix’

    If one enacts legislation to tax PE execs more heavily, a host of others could follow.

    Urgency on tax guidance

    More than eight months have passed since the new tax law came into effect, yet much instruction is still needed from the IRS.

    The one rule you need to tell your staff about now

    Mid-term elections are approaching; now’s the time to remind your staff about the SEC’s view on campaign contributions.

    Riverside’s management CFO wants a back-office revolution

    Jason Murphy dreams of a ‘daily close’ for the firm’s books, helped by AI.

    Recalibrating the valuation process

    The accounting best practices draft issued in May could soon be an industry standard GPs can’t ignore.

    What CFOs need to know about the state sales tax ruling

    Tax attorney Marvin Kirsner discusses the recent Supreme Court ruling on state sales tax and its implications on private equity, including valuation of portfolio companies.

    How to close a stapled deal

    Two vital things a GP needs to consider when trying to use the secondaries market to help their latest fundraise.

    Negotiating a conflict-of-interest minefield

    Private equity firms launching debt arms must act very carefully to avoid conflicts of interest.

    The problem with accelerated monitoring fees

    The issue is less about what you charge, and more about who you tell.

    The Brexit clock is ticking

    Managers are running out of time to get their contingency plans in place.

    The elephant in the responsible investment room

    Tax is not on the ESG agenda; maybe it should be

    Perks and benefits

    The Trump administration’s Tax Cuts and Jobs Act created ample opportunities for investments in the private equity real estate market, Lisa Knee, a tax partner with EisnerAmper, tells pfm

    Is the price right?

    GPs should be actively preparing for a new accounting standard that will change the way revenue is recognized for their portfolio companies, BDO’s Dale Thompson tells pfm

    Setting the standard

    JPMorgan is helping funds with the self-service tools they need to help them interpret the relevant asset class information and data, Nicholas Granata tells pfm

    Brexit calling

    Luxembourg and Ireland are preferred jurisdictions for private equity firms seeking to do business, but managers need to take action soon ahead of Brexit or risk missing out on doing business in the EU, Laurent Vanderweyen, chief executive of fund administrator Alter Domus, tells pfm