No Place To Hide
The SEC is coming – whether you’re ready or not.
The founding laws of the Securities and Exchange Commission all share the assumption that the best way to protect investors is to ensure transparency...more
For most private equity managers, co-investments are an essential part of attracting limited partner investors and funding investments.
Originally published in Middle Market Growth, the official publication of the...more
Pepper is pleased to announce the release of the 2018 pfm Fees and Expenses Benchmarking Survey, produced in partnership with PEF Services and WithumSmith+Brown. The survey was launched in 2014 in response to fund managers’...more
11/2/2018
/ Benchmarking ,
Co-Investment Rights ,
Fees ,
Fund Expenses ,
Fund Managers ,
General Partnerships ,
Investment Funds ,
Private Equity Funds ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Transparency
Expense provisions in fund documents are getting longer and longer, amid pressure on GPs to be more transparent....more
Our law firm, Pepper Hamilton, regularly advises prospective private equity and hedge fund managers on the various legal structure options associated with launching a new private investment fund. In our experience, first-time...more
8/6/2018
/ Asset Management ,
Capital Formation ,
Capital Markets ,
Crowdfunding ,
Fund Sponsors ,
Fundraisers ,
Hedge Funds ,
Investment Funds ,
Investors ,
Joint Venture ,
Pledges ,
Private Equity ,
Private Investment Funds
The lifecycles of private equity (PE) funds are lengthening as managers continue to seek longer fundraising periods. This is due to a number of factors, including increases in due diligence and holding periods for investments...more
Fund managers are getting squeezed from all directions. Absent raising a larger fund next time, GPs cannot realistically expect to grow top line revenue. At the same time, they bear variable and often unpredictable...more
Pepper Hamilton commissioned Mergermarket to interview 50 PE executives from across the United States that have co-invested with an institutional investor within the previous three years (fund sizes managed by the...more
In crafting current fund investments, investors have negotiated with fund managers for greater transparency, more efficiency and more egalitarianism. Navigating these issues necessarily becomes the priority for any GP’s list...more
On April 1, 2014, the final regulations implementing the “Volcker Rule” became effective. The regulations were jointly adopted on December 10, 2013 by the Board of Governors of the Federal Reserve System (FRB), the Office of...more
New FINRA Rule 5123 is now applicable and investment funds need to be cognizant of its requirements. Approved last June, Rule 5123 requires FINRA member firms (principally broker-dealers) participating in private placements...more