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Legal/Compliance
Secondaries may be a popular exit route for sponsors and investors alike, but sponsors should be aware of key legal considerations, say Troutman Pepper partners Patrick Bianchi, Stephanie Pindyck Costantino and P Thao Le.
'We’re seeing more than just skepticism at both levels, it’s a general distaste for what is villainized – and sometimes mislabeled – as the private equity business model,' Holland & Knight's Bill Katz warns.
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.
More than half of private equity and credit advisers struggle with extracted performance, Seward & Kissel survey finds.
‘Because it’s private, there’s a false assumption that the opacity of the market indicates risk,’ AIC’s Goshorn Jurata says at Private Funds CFO’s compliance forum.
‘It’s making sure that private fund advisers are following their agreements and doing the things they’re supposed to do,’ Andrew Dean tells Private Funds CFO’s compliance forum
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
Washington takes it seriously, and fund managers must take it seriously, too, experts say.
You don’t have to go to the islands, but private funds based in the Cayman Islands must hold at least one governance meeting annually under new local regulations.
The move from manual methods to more robust tools is increasing efficiency while cutting costs, say Chris Franzek and Harris Antoniades, managing directors at Stout.