Jenna Gottlieb

The fiduciary review at the Thomas DiNapoli-led state pension comes on the heels of New York state permanently banning placement agents in an effort to curb conflicts of interest.

US House of Representatives members Jared Polis and Mike Quigley sent a letter to President Obama strongly opposing a tax increase on carried interest.

New regulations in the US and Europe have general partners rethinking everything from how to communicate with current and prospective investors to how to budget for extra compliance costs. PEM speaks with Walkers Global partner and co-head of the private equity group Rolf Lindsay to assess the impact.

The city’s $15bn pension fund is adding the position in response to more reporting, monitoring, and risk requirements.

Katherine Woodthorpe, chief executive of the Australian Private Equity and Venture Capital Association, said fundraising is at its lowest level since 2005.

Kentucky Retirement Systems underwent a review by the state auditor over its use of placement agents.

The $122bn pension system will provide an online library and interactive FAQ about pension information, including private equity investments. The pension announced in March that it will begin webcasting its board meetings 1 July.

The US Securities and Exchange Commission has given private equity firms an extra eight months to register with it, and has also clarified which firms will be exempt from the registration requirement.

Creditors for the hotel chain claim Blackstone and real estate firm Lightstone Group left the company insolvent, and are seeking $8bn.

Compliance and investor relations executives spoke at PEI’s Investor Relations & Communications Forum this week about how they were working together to expand LP communications and navigate the regulatory landscape.