Regulation

A $2.3m penalty enforced by the SEC this week follows some $11.8m in management fees and interest that the firm has already returned to investors.

The New York-based investment bank has to meet Volcker Rule standards, which requires banks reduce their private investment interests to 3% of their tier 1 capital by the new July 2017 deadline.

The American Investment Council criticised the Republican presidential nominee’s plan to end favourable tax treatment of carried interest, saying it shows a ‘lack of understanding’.

GAMMA has secured authorisation from the FCA and becomes the first Icelandic financial player to operate in the UK since the 2008 financial crisis.

Chinese regulators revoking licences of over 10,000 domestic private funds will mean fewer and ‘more competitive’ private equity players, says the HKVCA.

If the Financial Choice Act is passed, private equity managers may no longer be required to register as investment advisers with the SEC.

Healthcare and M&A specialist Richard Zall, a partner at New York-based law firm Proskauer Rose, says PE fund managers need to develop networks of advisers with specialised knowledge if they want to outmanoeuvre strategic buyers.

Our post-referendum poll reveals that beyond the brave faces most GPs are putting on, Brexit is causing real concern.

Here are the key issues the UK private equity industry would like new UK Chancellor Philip Hammond to tackle.

Getting the passport before Brexit is crucial to avoid a period when managers would be unable to access EU investors.