Jenna Gottlieb
A pending state bill that would force placement agents to register as lobbyists would create two sets of registration, reporting and compliance policies.
Non-US based firms will be exempt from SEC registration if they meet certain criteria, including having less than 15 US-based LPs and clients.
Hewitt Associates’ plan to acquire EnnisKnupp will build out the firm’s investment consulting business, advising LPs on private equity, real estate and infrastructure investments. Hewitt will pick up several of EnnisKnupp’s large pension fund clients that allocate to private equity.
Alfred Villalobos, the embattled placement agent accused of bribery, said he plans to sue CalPERS for spreading 'lies' about him.
Seven seasoned executives recently sat down with Private Equity Manager to discuss how new regulations will dramatically alter operating procedures.
The US Congress today passed sweeping financial reform legislation, which includes the so-called Volcker Rule and required SEC registration for private equity and real estate firms.
The nation's two largest public pensions are responding to increased private equity and real estate workloads by adding staff positions to better manage GP relationships.
State legislators, after considering raising the tax rate on carried interest for fund managers that work in New York but live outside the state, have let the idea fall by the wayside.
Lawmakers agreed to require private equity and private equity real estate firms to register with the SEC, while the 'Volcker rule' was softened to allow limited holdings in private equity real estate assets. A formal vote is expected next week.
This week, the clock is ticking on two pieces of US legislation that would have huge impacts on private equity managers, while the deadline nears for the AIFM directive in Europe.