Jennifer Harris
Placement agents are once again allowed to interact with New York City pension systems – so long as they comply with strict accreditation and disclosure rules.
Venture fundraising and deal activity continued to plummet in Canada in 2009. Private equity numbers slid too, but less precipitously.
Africa’s largest private equity market plans to overhaul its financial regulatory system and expand its oversight of private equity activity.
Alberto Vilar was sentenced for fraud that included convincing a client to commit $5m to a nonexistent venture fund.
The SEC has said in a letter to FINRA that it may exempt registered-broker dealers from its proposed ban on placement agents interacting with public pensions.
J. Douglas Kramer started his new role as CEO of the New York mid-market in January.
The placement firm said it is building its bench in anticipation of a private equity fundraising recovery in 2010.
Senator Debbie Stabenow’s comments could mean that GPs can breathe a sigh of relief, but the fate of carried interest is far from clear.
As regulations governing private fundraising multiply, private equity firms are increasingly considering creating internal broker-dealers. TPG and KKR are among those with such divisions.
The UBS private placement team and Quadrangle’s former marketing head were paid a total of $500,000 contingent on a vote not to terminate a fund’s investment period.