KL

Kevin Ley

Report: Spain postpones EU directive talks on UK pressure

Debate by members of the EU Economic and Financial Affairs Council on stringent regulations for EU fund managers scheduled for 16 March has been temporarily cancelled.

3 min read · 05 January 2013

KKR annex fund foregoes management fee

Kohlberg Kravis Roberts' $550m E2 fund will only pay carried interest to the GP after netting any losses, costs and expenses from the primary fund.

1 min read · 05 January 2013

Providence hires former GMAC exec as CFO

Former GMAC chief financial officer Robert Hull will take over the role at the media -and communications-focused firm from Raymond Mathieu.

1 min read · 05 January 2013

Advent opens first New York office

The globally focused buyout firm is establishing a presence in the US financial capital for the first time in order to deepen its investment platform and expand its list of contacts.

1 min read · 05 January 2013

Walker proves a heavy burden

A new report says half of the UK firms pledged to the Walker Report guidelines do not meet the bar for transparency.

2 min read · 05 January 2013

HgCapital probes UK-based Goldshield

UK pharmaceutical company Goldshield, which HgCapital acquired in January, may have understated its profits for several years prior to the purchase, the firm said.

1 min read · 05 January 2013

South Korea easing PE rules

The country is seeking to become more aligned with global standards regarding private equity fund establishment and operation, although US firms still may be hit with a new capital gains tax on exits.

2 min read · 05 January 2013

Letter of concern

After hearing evidence from industry witnesses about “protectionist” elements of proposed EU regulations, the UK’s House of Lords has written to the Financial Services Secretary about the threat to the EU’s global competitiveness.

3 min read · 05 January 2013

Spain's latest AIFM draft reinstates regulatory 'fortress'

A controversial provision that was removed from the AIFM Directive when Sweden held the EU presidency has been reinstated by Spain.

2 min read · 05 January 2013

CalSTRS backs emerging manager FoF

The pension is committing $100m to GPs focused on inner-city and rural markets at a time when SME capital is in 'short supply', says CIO Chris Ailman.

2 min read · 05 January 2013

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