Jennifer Harris
The publicly listed fund of funds halted investments in April, and has reduced management fees until it returns to growth mode.
The UN’s Principles for Responsible Investment is yet another set of (voluntary adopted) rules that will demand more disclosure from private equity firms.
The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
A panel of property valuation experts this week bemoaned the dislocation in the real estate market and the difficulties of finding fair value where willing sellers are few and far in between.
The Commission will now evaluate the 170 comments it has received - most of which were critical of the proposal.
The ILPA guidelines are spurring LPs to ask for more authority in governance matters, including ‘approving’ conflicts of interest.
The SEC must now review the comments, which are overwhelmingly opposed to the ban, before drafting a final rule.
Under the terms of a proposal from House Representative Paul Kanjorski, funds deemed by the SEC to be ‘venture capital funds’ would be exempt from registering as investment advisers, but would still have to submit more detailed information to regulators.
Going public requires significant investment in your finance, admin, and IR teams, as KKR’s preparations for its public listing show, writes Jennifer Harris.
The Institutional Limited Partners Association has written to suggest amendments to IASB’s latest draft on consolidated financial statements.