Regulation

Legal experts from Burges Salmon examine the economic, technical and tax considerations when establishing management incentive plans for private equity-backed companies.

In the wake of the most sweeping regulations since the financial crisis, Gensler was grilled this week by members of the Senate’s Banking, Housing and Urban Development committee about the new private fund rules.

GPs expected smoother fundraising efforts towards the end of the year. That’s looking less likely with the US regulator’s private funds reform.

The SEC's enhanced reporting obligations could significantly increase compliance and reporting costs that will be borne by the fund, lawyers warn.

The SEC’s vote last week that makes third-party opinions in continuation fund transactions mandatory was a practice already becoming a market norm.

An investor’s right to negotiate one-on-one competitive terms with its GPs were among the raft of proposals voted on this week.

The US regulator's final rules, voted through on Wednesday, still impose rigid disclosures and require fairness or valuation opinions on continuation fund transactions.

With the private funds compliance rule expected to land next week, the SEC could be about to reshape the industry.

A diminishing pool of potential targets and the threat to existing portfolio valuations could make US LPs even more cautious about investing in China.

Government intentions and market expectations of the Mansion House reforms may not entirely be aligned.