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Private Equity Strategies

Regs Watch: Brief Updates on Changes in Regulation for Private Equity

Friday, February 22, 2013

As journalists like me and lawyers have written ad nauseum, new and ever more regulations are in the pipeline for private equity and alternatives as a whole. Here we will hit on some of the cases of note and provide links to new guidance over the past month.

Law Firm Arnall Golden & Gregory Offer a Primer on Limited Partner Advisory Committees and Advisory Board Rules:

Attorneys write a new primer on private equity boards and advisors, identifying critical considerations in structure as it relates to emerging compliance issues and investor demand.

SEC to go After Private Equity Enforcement Actions:

Attorneys at Baker & McKenzie note that the Chief of the Securities and Exchange Commission Enforcement Division's Asset Management Unit Bruce Karpati, has warned that "it's not unreasonable to think that the number of cases involving private equity will increase."

British Private Equity and Venture Capital Association Sets Out Recovery Roadmap:

British Private Equity and Venture Capital Association (BVCA) chairman Robert Easton, is calling for cuts in British regulation on private equity and high growth companies as a means of making the British economy better positioned for growth.

European Private Equity Execs May Face Longer Wait on Bonuses:

The European Union is making a push to impose bank-style payout rules on private equity and hedge funds in an effort to curb bonuses for risk-taking.

Private Equity Growth Council Releases New Video on Carried Interest:

The PEGC has created a new video and sent lobbyists to Washington in an effort to garner support for continuing the carried interest tax structure as it is now. They argue that current US tax policy encourages the risk taking necessary to grow companies and the economy.

EVCA Hires ex-Citi Exec As Public Affairs Director:

The European Private Equity & Venture Capital Association has appointed a former Citigroup managing director of European government affairs as its new public affairs director, in a bid to boost the trade body's lobbying efforts against mounting EU-regulation facing the buyout sector.

Altius Associates Releases It's 10 Challenges Facing PE:

Private equity deal flow is on the rise in emerging markets as investors look for growth opportunities and move away from the stricter regulatory and investor markets in the US and EU according to a new report from Altius Associates.

German Dealflow on The Rise as Improving Markets Make For Better Exits:

Ahead of the SuperReturn Conference in Berlin, reports indicate that buyout firms are putting a boatload of German assets up for sale as improving markets make for some of the more attractive exit prices seen in recent years.

Buffet Picks Up Heinz In $23bn Deal

Warren Buffet may not be a public fan of private equity, but he recently teamed with Brazilian firm 3G capital to take over Heinz. The deal is widely viewed as another indicator of creeping increases in deal size going into 2013. The transaction will be financed through a combination of cash provided by Berkshire Hathaway and affiliates of 3G Capital, rollover of existing debt, as well as debt financing that has been committed by J.P. Morgan and Wells Fargo.

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
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Private Equity Strategies
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