Just as the SEC publishes guidelines over registration requirements for buyout groups, a Republican-led effort to exempt private equity firms from SEC oversight has taken another step forward.
1 min read · 05 January 2013
Private equity firms active in the UK have gained vital clarity on their responsibilities in the government’s battle against corruption. Many of their liabilities will extend to portfolio company level under the UK Bribery Act set to enter force in July.
2 min read · 05 January 2013
The reasons may have changed, but the outcome is still the same. Fewer LPs cite fund terms as a reason to shed relationships with GPs, but an overwhelming majority still plan to refuse managers’ re-up requests in the near future.
2 min read · 05 January 2013
Investors’ top priority when committing to new funds is not track record, but hard to quantify management performance measurements such as succession planning and depth of talent bench, according to a new survey.
2 min read · 05 January 2013
The state-backed development group will have to strike a new balance between attracting top-tier talent and keeping pay in line with its mandate as an investor in impoverished regions.
2 min read · 05 January 2013
A California ethics board is once again investigating the $237bn public pension – this time over allegations investment staff failed to properly report gifts as required by state law.
2 min read · 05 January 2013
After expanding the company’s geographic presence in the greater Nordic region and beyond, Litorina has exited its stake in Swedish IT security group Coromatic to regional rival EQT partners for a 35% IRR.
2 min read · 05 January 2013
Anis Bibi has resigned from Dubai-headquartered SHUAA Capital, which is slashing 11% of its workforce amid first quarter losses.
2 min read · 05 January 2013
Europe’s private equity trade association is launching a transparency initiative to shed greater light on the industry’s activity and concerns.
1 min read · 05 January 2013
Supermarket mogul Sir Terry Leahy is to join fellow corporate heavyweights Jack Welch and AG Lafley in advising buyout firm Clayton Dubilier & Rice.
2 min read · 05 January 2013
