A new survey of management company expenses offers insight into spending priorities of PE firms and shows the importance of determine where there is overspending and where more investment is needed, writes Jeff Gendel, principal at Gen II Fund Services.
Private fund managers are considering putting sanctions-related language in their fund documents in order to protect themselves from investor complaints and potential litigation down the road.
There have been several recent reports that SEC examiners appear to be giving out more deficiencies. 'It was a book' was how one described a recent deficiency letter.