The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
2 min read · 05 January 2013
The US House of Representatives has approved a rule that would force private equity funds managing more than $150m to register with the SEC. The bill now goes to the Senate for a vote.
2 min read · 05 January 2013
A bill awaiting approval from the US Senate would impose a 30% withholding tax on US income for foreign fund managers who fail to agree to new transparency requirements.
3 min read · 05 January 2013
House Ways and Means Committee Chairman Charles Rangel has again proposed more than doubling the tax on carry, a measure the US government estimates would raise $25bn in tax revenue.
2 min read · 05 January 2013
Last week the FBI raided the offices of Obsidian Enterprises in connection with a civil lawsuit filed against its CEO, Timothy Durham.
2 min read · 05 January 2013
CDC and Norfund are among a group of LPs that want to ensure ‘the next generation of emerging market private equity funds are raised on terms that reflect the principles’.
2 min read · 05 January 2013
Dirk Leasure will head a team of investment bankers who are preparing for a 'substantial increase' in private equity transactions next year.
1 min read · 05 January 2013
The ILPA guidelines are spurring LPs to ask for more authority in governance matters, including ‘approving’ conflicts of interest.
3 min read · 05 January 2013
The deal will dramatically increase the Connecticut-based financial software and services provider’s private equity client base.
1 min read · 05 January 2013
The Institutional Limited Partners Association has written to suggest amendments to IASB’s latest draft on consolidated financial statements.
2 min read · 05 January 2013
