Regs & Compliance
20 May 2020
Comment: Bringing tax resource in-house
PE firms ought to think seriously about bringing tax expertise in-house, says Simon Bowden, search director, March Consultants
18 May 2020
Comment: Secondaries legal issues and risks
Jonathan Blake, Stephen Newby and Shantanu Naravane at Herbert Smith Freehills consider investor liquidity in private funds, GP-led secondaries, principal legal issues and key risks
11 May 2020
Join us: CFOs & FD networks
Part one of our mini series on networks in PE: this instalment considers CFO & FD networks and finds they can be more hindrance than help
11 May 2020
Domicile watch
A round-up of key takeaways from major PE fund domiciles, including a Jersey Finance survey, ESG and climate change initiatives as well as regulatory updates
1 May 2020
Palatine-backed SMP buys RBC’s corporate services HK
As part of the deal, RBC’s clients and employees of this division will transfer to SMP
1 May 2020
CSC expands fund services into Ireland
The firm was granted a licence to provide its offering there by the Central Bank of Ireland
28 April 2020
Proposed ESG disclosures open for consultation
This is the next step in increasing clarity around ESG reporting, and gives some idea of what might be expected of firms going forward
23 April 2020
ESMA, FCA extend annual reporting deadlines
The guidance is for private fund managers following the Alternative Investment Fund Managers Directive
16 April 2020
WFH best practice: Regulators and financial reporting
The third article in our mini-series provided by 3LDC focuses on reporting, financial and regulatory commitments during lockdown. It aims to remind and provide brief guidance on what firms should be doing.
9 April 2020
Liquidity in lockdown: Lenders
How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?
6 April 2020
The operating committee
A number of large private equity houses are setting up operating committees in response to the major tasks now faced by non-deal team members
30 March 2020
COVID-19: Economic substance adjustments
Could temporary measures drive global consensus on economic substance requirements?
27 March 2020
Hazard warning: valuations in the midst of volatility
Key considerations for valuing portfolio companies in current conditions
27 March 2020
IPEV releases statement on fair value
LPs have a critical need at 31 March 2020 for their GPs to report underlying investments at fair value on a timely, consistent and rigorously determined basis.
24 March 2020
Luxembourg adapts to temporary substance requirements
The jurisdiction enacted emergency legislation to protect investment funds and companies against the global pandemic
20 March 2020
Guernsey and Jersey adjust substance requirements
Guernsey and Jersey have collectively adjusted their requirements for economic substance amid the outbreak of Covid-19, to help reduce the spread of the virus
17 March 2020
5 minutes with… Troy Pospisil, InCloudCounsel
InCloudCounsel founder and CEO Troy Pospisil discusses the advantages of digitising legal contracts
16 March 2020
The increasingly public world of private equity
In late January, the IPEM conference in Cannes brought together almost 3,000 delegates, spanning all corners of the industry. The key takeaway was that private equity is an increasingly public affair
12 March 2020
Budget 2020 and private equity
While tax treatment for fund executives remains the same, there will be a review of overseas fund structures
9 March 2020
PE faces tighter remuneration rules
Bank-style regulation continues to extend to private capital markets, says Linklaters
24 February 2020
Comment: Making tax digital
Louise Scholey, associate director at Grant Thornton provides a practical guide to taking tax into the digital age
17 February 2020
Face value
A group of venture capital CFOs sat down with The Drawdown to discuss challenges of valuing pre-revenue companies and implications of the new IPEV guidelines
13 February 2020
Tomorrow’s CFO leads
They will be expected to take on a leadership role as it adapts to the numerous regulation and technology changes going forward
20 January 2020
Comment: Respecting risk management
There’s no reward without risk but where's the reward in risk management?
9 January 2020
Valuations what’s new, what’s not and what matters
A round-up of recent regulatory developments for private equity valuation practices
6 January 2020
The Profile: Jason Howard, Headway Capital
Headway’s CFO Jason Howard looks back at the important lessons learned throughout his career, which now act as intrinsic guides for his current role, where meeting the needs of clients is key.
19 December 2019
Take the risk
The cultural shift towards robust risk management is finding its way to private equity, and with it, the potential to unravel entrenched structures.
16 December 2019
Craic on
Reforms to Ireland’s LP structure will likely be legislated in early 2020, however, after years of promises, what will actually be legislated and will PE care?
16 December 2019
Lithuania seeks to attract fund managers
Recent regulatory amendments aim to position the country as an attractive domicile
16 December 2019
Romania approves New AIF Law
Updated law better aligns Romania with recent EU developments
12 December 2019
5 minutes with… Corvus Advisers
Newly-launched legal and regulatory consultancy aims to fill the grey space between law firms and compliance consultants
4 December 2019
Crestbridge granted Luxembourg licence
New licence adds to existing offerings in UK, Jersey, Bahrain and Cayman
27 November 2019
The data journey waits for no one
Private equity’s data journey may only just be setting off, but like any expedition, packing the best equipment and selecting the right companions make reaching the final destination a lot more enjoyable
26 November 2019
Key regulatory developments in 2019
Latest developments come from Proskauer's 2019 Annual Review and Outlook
25 November 2019
The Profile: Jackson Heddy, Northzone
Jackson Heddy discusses the particular challenges of running a venture back office; including the complexity of data analysis for young companies and troublesome valuation methods
22 November 2019
AIFMD II: WTF? (What the fund, obvs)
Following a review of the AIFM Directive in 2017, where are we now, what has happened, will there be an AIFMD II?
20 November 2019
Luxembourg’s AUM increased 20% year-to-year
Figure comes from ALFI's latest 2018 Luxembourg Private Equity and Venture Capital Investment Funds Survey
15 November 2019
Views from the Summit
Highlights from two of the technical breakout sessions at this year's BVCA Summit in London
8 November 2019
Fund structures are so last season
As new waves of regulation continue to hit private equity, managers are quietly shifting to the peaceful waters of deal-by-deal investing
8 November 2019
Time to bite back
For too long operational leaders have been yes men, it's high time they became key men
31 October 2019
ILPA unveils model LPA
The document is a standardised and accessible template use to aligning GPs and LPs
2 August 2019
Standardisation: not the whole story
Aims to improve and create efficiencies for the reporting of fees and expenses are valiant but templates only tell part of the story
10 July 2019
5 minutes with… Castalia Compliance
Tracy Diamond, founder of boutique consultancy Castalia Compliance reveals her top tips for handling growing regulatory burdens
25 September 2018
Masters of the universe
Private equity’s legitimacy is under threat in the new world order shaped by citizen unrest
25 September 2018
Private equity under populist rule
As the economy becomes a global chessboard, what does protectionism hold in store for GPs?
22 August 2018
In or out? Tackling back office complexities
AltaReturn whitepaper details new approaches to running the back office
17 August 2018
The enforcers: Autorité des Marchés Financiers
France’s bid for post-Brexit business opens our global series on regulators
17 August 2018
Appetite mounts for standardised performance reporting
Compliance with GIPS rules can be factor in GP searches by consultants, survey shows
9 August 2018
Using numbers to win hearts and minds
Citizens reject PE’s value creation credentials. Could data help GPs tell their story?
20 July 2018
AnaCap’s Edwards on outsourcing and regulations
Final instalment of our discussion with AnaCap COO Michael Edwards explores outsourcing and regs
25 May 2018
5 minutes with… Travers Smith
The Drawdown talks new LP operational due diligence strategies with Sam Kay
10 May 2017
COO Profile: BGF’s Matthew Reed
The Drawdown speaks to Business Growth Fund COO Matthew Reed
10 May 2017
Prepare yourself for the GDPR
The General Data Protection Regulation takes hold in May 2018 and private equity won't be unaffected
9 May 2017
Guernsey private equity funds surpass £100bn NAV
Total assets of Guernsey PE funds grew by more than £25bn last year
9 May 2017
ILPA opposes proposed SEC private equity regulations reforms
Financial CHOICE Act would remove SEC registration requirement for fund investment advisers