March 2016 Issue

SEC private equity experts Igor Rozenblit and Jennifer Duggins addressed industry concerns surrounding the regulator’s scrutiny of fees and expenses, and the way it works with chief compliance officers

Drawing more than 400 delegates, the annual PEI CFOs and COOs Forum kicked off at New York’s Plaza Hotel with remarks from ILPA and research from EY that shows reporting is more important to investors than ever before

The private funds industry should embrace new voluntary reporting guidelines or expect closer regulatory scrutiny, ILPA chief executive Peter Freire warned delegates at PEI’s CFOs and COOs Forum.

It’s been 10 years since the introduction of FAS 157, but GPs continue to struggle with fair value. pfm assembled a panel of valuation experts to reflect on the last decade and discuss what the future holds.  

The private equity industry had a near-miss when lawmakers considered, but rejected, a mandatory entity-level tax to collect deficiencies from partners after an audit of the partnership – although Congress did make some other changes to the IRS audit rules. Donald Susswein, a principal with audit, tax and consulting firm RSM US, explains the changes and their significance

Using fair value to measure private equity assets has become routine for GPs, but that’s not to say it’s straightforward

Creating policy alerts and demonstrating good governance are just some of the ways GPs can ensure valuation reports meet LP expectations. Nicole Miskelly asks valuation experts for their top tips.