April 2018 Issue


    Month: April
    Year: 2018

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    Balancing the needs of investors and managers

    Plans to simplify the limited partnership agreement are ambitious, lawyers say.

    The SEC isn’t taking its eye off private funds

    The US regulator may not have named the industry as a priority in 2018, but that doesn’t mean managers can relax.

    Ensuring alignment

    In this extract from The LPA Anatomised, Adam Turtle, Rede Partners, and Emma Cleveland, Cleveland & Co Associates, discuss carry models and GP commitments.

    Presidents Club: A stain on the industry

    The real estate sector’s condemnation of ‘the most un-PC event of the year’ was swift. Now all eyes are on how it will act.

    Trump’s tax bill examined for private debt

    At first glance, the US government’s tax bill is business friendly. But for the private debt industry it is a double-edged blade.

    Tax reform leaves firms weighing up the possibilities

    The Tax Cuts and Jobs Act affects almost all aspects of how private equity funds are managed. Here’s what we know so far.

    The BEPS effect

    The global initiative is reshaping firm and fund structures.

    Splitting the difference: SEC vs NFA exams

    Claudia Ranieri and Susan Lynskey of Alaric Compliance Services examine the gap between the Securities and Exchange Commission and National Futures Association’s requirements.

    The muddy waters of performance calculation

    The private funds industry is institutionalizing, but the methods for calculating and reporting performance are still all over the place.

    Private real estate must get the point about gender discrimination

    Fear of losing money, warnings to be on best behavior or considering skipping events are misguided reactions to the events at the President’s Club charity dinner.

    The holy grail of private equity

    The changes needed to include private equity in defined contribution retirement plans are drastic.