Introduction - In this Onpoint, we report on the recent discussion paper: “Diversity and inclusion in the financial sector – working together to drive change” (DP21/2) (the Discussion Paper) recently issued by the Bank of...more
The Institutional Limited Partners Association (“ILPA”) has recently issued a publicly available model private equity limited partnership agreement (the “Model LPA”) as part of its simplification initiative. ILPA is an...more
Signed by the European Parliament and the Council of the European Union on 27 November 2019 and published in the Official Journal of the European Union on 9 December 2019, the regulation on sustainability-related disclosures...more
12/19/2019
/ AIFM ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
Fund Managers ,
Investment ,
Investment Firms ,
Investment Management ,
MiFID II ,
Sustainability ,
Sustainable Finance ,
UCITS ,
Venture Capital
In recent years environmental, social and governance ("ESG") factors have become a key discussion point within asset management, with many managers now incorporating ESG considerations within their investment processes. One...more
12/18/2019
/ Asset Management ,
Diversity ,
Environmental Social & Governance (ESG) ,
Equal Employment Opportunity Commission (EEOC) ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
HM Treasury ,
Investment Companies ,
Investors ,
Portfolio Companies ,
Sustainable Development Goals (SDGs) ,
United Nations
ESG is not a new phenomenon, but its significance for asset managers is growing. With continued media scrutiny of sustainability and environmental pressures, "millennials" forming a greater proportion of the investing...more
12/12/2019
/ Asia ,
Asset Management ,
Board of Directors ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
Investment Funds ,
Investors ,
Private Equity ,
Sustainable Development Goals (SDGs) ,
UK ,
United Nations ,
United States
The Institutional Limited Partners Association (“ILPA”), the body that represents members of the international limited partner community, has recently revised its Principles for Fostering Transparency, Governance and...more
10/11/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Co-Investment Rights ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Fund Managers ,
General Partner ,
Institutional Limited Partners Association (ILPA) ,
Limited Partnerships ,
LPAC ,
Management Fees ,
New Guidance ,
Notification Requirements ,
Policies and Procedures ,
Private Equity ,
Transparency
Side letters are an (increasingly) common way of formalising negotiated arrangements between a private fund and an investor. Whilst used more widely in the closed-ended fund context (given the limited withdrawal rights...more
9/28/2018
/ AIF ,
AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Closed-End Funds ,
Confidentiality Agreements ,
Contract Terms ,
Corporate Social Responsibility ,
Due Diligence ,
EU ,
European Economic Area (EEA) ,
Excusal Rights ,
Fees ,
FOIA ,
Investors ,
Most-Favored Nations ,
Pension Schemes ,
Private Funds ,
Right of Redemption ,
Securities and Exchange Commission (SEC) ,
Side Letters ,
Transfers ,
UK
The Institutional Limited Partners Association (“ILPA”), the body that represents the international limited partner community, has recently issued a best practice guide to assist both investors and managers1 with the use of...more
The UK has introduced legislative changes that could reinvigorate the use of partnerships for private funds in the UK. The Legislative Reform (Private Fund Limited Partnerships) Order 20171 (Order), which introduces the...more
HM Treasury has published a consultation paper setting out proposed reforms to UK limited partnerships law with a focus on private fund structures (the “Consultation Paper”). The consultation includes a draft legislative...more