While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.
2 min read · 05 January 2013
The European Investment Bank’s small business arm has helped push RiverRock European Capital Partners to a €76mn first close.
1 min read · 05 January 2013
US buyout group Apollo has agreed to pay about $509m in cash to de-list the parent company of popular talent show ‘American Idol’.
1 min read · 05 January 2013
Mid-market player Blackford Capital is moving shop from California to Grand Rapids, Michigan to expand the firm’s footprint in the Midwest.
1 min read · 05 January 2013
A bill sponsored by Republican Robert Hunt to free private equity firms from the watchful eye of the US SEC has passed its first legal hurdle.
1 min read · 05 January 2013
Seasoned Africa investor Andrew Brown will oversee Emerging Capital Partners’ record-setting $613m Africa-focused fund as its first-ever chief investment officer.
1 min read · 05 January 2013
Some GPs aren’t doing everything in their power to minimise portfolio companies’ tax bills and exposure to tax risk, warns PwC tax partner Barry Murphy.
3 min read · 05 January 2013
The two boards responsible for US and international accounting standards have stripped away major differences in areas such as fair value reporting and consolidated financial statements, with guidance expected in the coming weeks.
1 min read · 05 January 2013
A government-commissioned report has left UK banks in the dark over rules relating to private equity-led buyouts of small and medium-sized businesses.
1 min read · 05 January 2013
The SEC’s proposed 'Form PF' designed to measure private funds systemic risk to the economy is being labelled too onerous by the PEGCC.
2 min read · 05 January 2013
