As journalists like us 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.
N.Y. Tightens Rules On Private Equity In Insurance Deals
New York regulators are aiming to strengthen policyholder protection governance of private equity and other acquisitions of insurance companies, especially annuity companies, according to a report in Insurance News.
Private-equity scrutiny deepens after SEC finds illegal fees
Private-equity firms, after decades of operating with limited regulatory scrutiny, are facing possible sanctions and tighter oversight after the Securities and Exchange Commission uncovered improprieties at most firms.
Three Signs the Best Days of Private Equity Are Over
The bits of information that have trickled out about the SEC's findings so far haven't reflected well on private equity, Bloomberg BusinessWeek notes. Could this spell the decline of the industry?
FATCA: why European GPs should beware
At first glance, upcoming regulation FATCA (Foreign Account Tax Compliance Act) appears to have no relevance to those European private equity firms without US investors. However, on closer inspection, the new rules could be more troublesome than ever imagined.
New York considers changes to proposed ERM and ORSA regulation
Based on industry comments, the New York Department of Financial Services is strongly considering making a number of changes to its proposed Regulation 203, concerning Enterprise Risk Management and Own Risk and Solvency Assessment.
Structuring Private Equity Co-Investment Opportunities In Bermuda
Co-investment rights give an investor the ability to make a minority investment, directly or indirectly, in a portfolio company, say offshore specialists from Appleby.
Oregon to Examine Private Equity Fees
The Oregon Investment Council, which manages the state's $87.5 billion in retirement assets, said it is taking a serious look into the matter as the SEC continues to investigate
Q1 Deal Volume Declines
New data from the Private Equity Growth Capital Council shows that US private equity investment deal volume declined 24% in the first quart of this year. Total volume for Q1 came in at $110bn, compared to $144bn in Q4 of 2013.
Riverside's 100th Exit
The Riverside Company completed its 100th exit with the sale of Retail Zoo, an Australian restaurant franchisor. Retail Zoo owns Boost Juice Bars, Salsa's Fresh Mex Grill, Cibo Espresso and Hatch concepts. Riverside acquired Retail Zoo in 2010. The company was sold to Bain Capital, financial terms of the deal were not disclosed. Private Equity Strategies spoke with Riverside in our May issue last year, learning more about their extensive deal origination process. 100 exits seem to suggest they're just as good at selling as buying.
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.