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The two firms have registered fund management businesses with the Asset Management Association of China – a legal requirement for raising capital or investing onshore.
Impact investor Summa Equity closed Summa Circular, believed to be the first Article 9 continuation fund, in December, breaking new ground for the secondaries market.
As scrutiny intensifies, it becomes ever more important for sponsors to ensure they are following best practice on GP-leds, say Akin Gump Strauss Hauer & Feld partners Amanda Butler-Jones, Daniel Quinn and Fadi Samman.
The state of play was transformed last year when SEC chair Gary Gensler introduced sweeping private funds reforms.
US regulators' increased scrutiny on the industry has created knock-on effects on investors’ demand for more disclosure. A key challenge for firms is managing the cost of compliance, says Private Funds CFO's DC correspondent, Bill Myers.
The lead attorney for six trade groups has warned an appellate panel that the SEC's sweeping rules will cost industry $5.4bn per year if left standing.
The amended European Long-Term Investment Fund opens the field to new products and fund of funds strategies.
Two years of lobbying and fine-tuning of private markets rule-making could be undone as a lawsuit gets underway in the US.
While data collection and reporting are now a matter of regulatory compliance, GPs need to engage with portfolio companies through a business strategy lens, say Cority’s Anne Matusewicz and David Wynn.
Tighter regulations and the need for quality data are driving the ESG conversation