A new compensation survey showing across-the-board reductions in private equity pay indicates that managers may have to lower their bonus expectations to pre-2006 levels for the near future.
2 min read · 05 January 2013
About 76% of private equity and venture capital firms distributed no carry in 2009, according to The Annual Private Equity International CFOs and COOs Compensation Survey.
2 min read · 05 January 2013
The threat of the EU’s AIFM Directive has caused an uptick in fund managers’ interest in offshore domiciles in the last six to nine months, the fund administrator said.
2 min read · 05 January 2013
In terms of offshore fund domiciles, the Cayman Islands’ loss will be Luxembourg’s gain if the EU’s AIFM Directive passes as written.
2 min read · 05 January 2013
The team is taking the opportunity to create a more 'entrepreneurial' business in its new life as part of Pacific Century Group.
2 min read · 05 January 2013
Kansas securities regulators have accused Wichita, Kansas-based Lion Share Capital of improperly collecting and keeping sham fees.
2 min read · 05 January 2013
Few private equity firms have undergone thorough and expensive SAS 70 audits. But as the asset class matures and firms, especially multi-platform players, become bigger and more diverse, this yearly check on controls might become the standard in the US.
5 min read · 05 January 2013
The Boston-based firm has unveiled a raft of promotions across the business.
2 min read · 05 January 2013
If carried interest is taxed as ordinary income in the US, as is proposed by a new bill in Congress, GPs will have to make Medicare contributions of 2.9 percent out of their carry.
2 min read · 05 January 2013
An enviable carve-out from the US Investment Advisers Registration Act bill, and possible new funding from the government, might make structuring your fund as a Small Business Investment Company a tantalising prospect.
4 min read · 05 January 2013
