Subscription credit lines have become an essential component of financing for private equity firms. pfm gathered private equity executives, a lawyer and a banker to discuss how they are treated in the industry
As private equity continues to grow, the industry is facing mounting regulatory scrutiny. That means CFOs and CCOs will need greater support with compliance, Robert Aufenanger of Broadscope Fund Administrators tells pfm.
The discussion about cyberattacks used to center on if they would happen; now we talk about when and how often. Attackers are increasingly sophisticated, well-funded and nimble; as a result they are breaching networks and data around the world. Even if a firm feels confident in its controls, its portfolio of companies may be at […]
Michael Athanason, managing director and head of alternative investment valuations, and Federico Jost, managing director, alternative investment valuations of BRG Corporate Finance, analyze the trends driving the rise in portfolio valuation outsourcing.
Sponsors indulge in two very different fantasies when forming a successor fund. The first is to clone their predecessor Limited Partnership Agreement, change the date and the Roman numeral and be done with it. The second is to revise every longstanding, suboptimal provision and finally be governed under documents that say what they wished. Neither […]