US firms that live in fear of registering as an investment advisor may find that it's not as painful as they thought – provided they are well prepared for random audits
4 min read · 21 January 2013
A departure, an administrative leave of absence and an investigation in China have brought uncertainty to the giant investment firm. PERE Magazine March 2009 issue
2 min read · 21 January 2013
For MENA-based private equity funds, fundraising is no picnic, writes Jenny Blinch.
3 min read · 21 January 2013
The New York-based private equity firm’s latest fundraising efforts bring Blackstone’s total dry powder for private equity to $13bn. Reporting a $193.6m fourth quarter loss, Blackstone said it remains focused on investing in non-cyclical industries.
2 min read · 21 January 2013
One large institutional private equity real estate player has agreed to cut management fees on uncalled capital for its opportunistic vehicle to zero. It's not a solution for everyone though, a New York conference was told.
2 min read · 21 January 2013
President Obama included language in his budget released yesterday that would tax carried interest as income at 39.6 percent. In other regulatory news, a bill in Congress would also require all advisors to private equity funds to register with the SEC.
3 min read · 21 January 2013
The Obama administration has built into its carried interest tax revenue forecast an expectation that GPs will eventually find ways of avoiding the full impact of the new tax.
1 min read · 21 January 2013
New York firm SecondMarket says it has attracted more than $500m worth of secondaries for its new LP fund interest trading platform.
2 min read · 21 January 2013
Europe’s private equity industry has submitted a 300-page document to the European Parliament to begin a debate on industry regulation without ‘political colour’. An enforced code of conduct has become a necessary step, according to EVCA secretary general Javier Echarri.
3 min read · 21 January 2013
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.
1 min read · 21 January 2013
