News & Analysis as of

Private Equity

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - ILPA Takes Aim at Fund Formation Legal Fees

Fund formation legal fees are fundamentally misaligned, requiring LPs to shoulder fund formation costs without input into the selection of counsel, the setting of the legal budget, and cost controls, according to ILPA...more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - Key Takeaways From the Loan Market Association's (LMA) Inaugural Fund Finance...

Members of our London Fund Finance team attended the Loan Market Association’s (LMA) inaugural Fund Finance Conference on 13 May 2026. The event was a success with strong attendance from across the fund finance industry....more

McDermott Will & Schulte

Evolving private equity strategies: A more selective, operational approach to value creation

At our European Health & Life Sciences Symposium 2026, conversations highlighted a market that remains active and attractive, but is materially more disciplined than in recent years....more

Paul Hastings LLP

Nonbanks and Failed Bank Acquisitions: A Playbook for Participation Becomes Clearer

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Participating in the resolution of failing banks in the U.S. has presented a frustrating paradox for private equity and other nonbank corporate investors: attractive targets, but limited ability to act. The Federal Deposit...more

Walkers

When listing is not an option: How offshore processes can support a successful investor exit strategy

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Increased regulatory scrutiny in China and stricter listing requirements in the US have resulted in a reduction in the number of listings of Chinese companies (typically structured with a Cayman Islands, BVI or Bermudan...more

Mayer Brown

Real Estate Non-Imputation Endorsements: A Primer For Capital Partners

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A curious character in the modern real estate transaction is the “non-imputation endorsement.” Its name reveals little of its nature. Despite its expense—generally 15% to 20% of the cost of the basic premium—it remains...more

McGuireWoods LLP

Mako Capital Launches, Invests in Mangrove Health

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Mako Capital Group has announced its launch. Mako, based in Miami, is a private equity firm specializing in acquiring lower-middle market U.S. companies in healthcare, financial and other services. Mako targets...more

K&L Gates LLP

Europe: Ireland’s Private Funds Regime Gets a Major Overhaul: Central Bank Publishes Revised AIF Rulebook

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The Central Bank of Ireland (the Central Bank) today published its long-awaited revised AIF Rulebook, consolidating and modernising the regulatory framework for Irish alternative investment funds (AIFs). The revised Rulebook...more

Phelps Dunbar

Universities Explore Private Equity Partnerships as Roster Costs Rise

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The House settlement redefined college sports, but though it resolved revenue-sharing and name, image and likeness (NIL) issues, it opened the door to new concerns for schools. Colleges now find themselves in a competitive...more

Foley & Lardner LLP

Private Equity’s AI Bet: Strategic Hedge or Structural Conflict?

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AI joint ventures are creating internal portfolio conflicts for private equity firms by accelerating disruption of legacy SaaS investments they still own. Delaware’s SB 21 gives sponsors more procedural certainty for...more

Baker Donelson

Top 10 Mistakes Registered Investment Advisers Make When Selling Their Firms

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The decision to sell a registered investment adviser (RIA) is one of the most significant – and most complex – decisions an RIA owner will ever navigate, and avoiding the most common mistakes will help sellers achieve their...more

Ropes & Gray LLP

European Private Equity Market Recap – May 2026

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European buyout activity remained resilient in Q1, on pace to exceed prior-year levels despite macroeconomic headwinds such as the Iran conflict. Though QoQ deal count is slightly down, YoY deal count is up 17%, signaling a...more

Sheppard

Four Takeaways from the American Medical Group Association 2026 Annual Conference

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The American Medical Group Association (AMGA) 2026 Annual Conference late last month brought medical group leaders to Las Vegas for several days of programming across value-based care, workforce, AI, financial sustainability,...more

Pietragallo Gordon Alfano Bosick & Raspanti,...

Cracking Down on Fraud: West Coast Style

On April 30, 2026, the Department of Justice (DOJ) launched the West Coast Health Care Fraud Strike Force to target schemes in Arizona, Nevada, and the Northern District of California. The initiative reflects a coordinated...more

Foley & Lardner LLP

What we took home from Milken Week

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Three of us spent last week in Beverly Hills for the Milken Institute Global Conference. The official sessions ran May 3 through 6 across the Beverly Hilton and the Waldorf, under the banner “Leading in a New Era.” As always,...more

A&O Shearman

FSB report on vulnerabilities in private credit

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The Financial Stability Board (FSB) has published a report on vulnerabilities in private credit. The FSB notes that, while private credit brings benefits such as tailored finance for companies and investor diversification, it...more

Eversheds Sutherland (US) LLP

SBA program changes: accelerated debenture poolings, new forms and revised investment restrictions

The US Small Business Administration (SBA) recently announced several updates to the small business investment company (SBIC) program designed to provide greater operational flexibility for licensees and improve the...more

Wilson Sonsini Goodrich & Rosati

California Attorney General Targets MSO-PC Structures: What the Art Center Holdings Amicus Brief Means for CPOM Compliance

On March 30, 2026, California Attorney General Rob Bonta (the Attorney General) filed an amicus curiae brief in Art Center Holdings, Inc. v. WCE CA Art, LLC, a case currently pending before the California Court of Appeals,...more

Skadden, Arps, Slate, Meagher & Flom LLP

Japan Proposes Amendments to Supervisory Guidelines Concerning Reinsurance

On April 8, 2026, the Japanese Financial Services Agency (JFSA) published a proposed amendment to its Comprehensive Guidelines for Supervision of Insurance Companies, adding new provisions specifically targeting reinsurance....more

McGuireWoods LLP

Healthcare & Life Sciences Private Equity Deal Tracker: THL to Acquire Celerion From H.I.G. for $1.8 billion

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THL Partners will acquire Celerion from H.I.G. Capital for $1.8 billion, according to news releases and industry reports. Celerion, formed in 2010 and based in Lincoln, Nebraska, is a global provider of clinical...more

Dentons

Iowa Legislature Passes Innovation Fund Investment Requirements for Regent Universities

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On Sunday, May 3, the Iowa Legislature passed Senate File 2453, which would require Iowa State University, the University of Iowa, and the University of Northern Iowa to invest a portion of their foundation-managed endowment...more

Proskauer - Regulatory & Compliance

SFDR 2.0: Draft Parliament position signals direction of travel – implications for private markets

On 4 May 2026, the European Parliament’s Economic and Monetary Affairs Committee (“ECON”) published its draft report (the “Draft Report”) on the European Commission’s proposed overhaul of the Sustainable Finance Disclosure...more

McDermott Will & Schulte

A life cycle approach to private equity financing: What sponsors and lenders need to know

Private equity sponsors and lenders are navigating an environment in which disciplined deal structuring and downside preparedness are increasingly interconnected....more

McDermott Will & Schulte

Financing innovation: A more strategic capital playbook for life sciences

At our European Health and Life Sciences Symposium, discussions about financing highlighted a clear shift: As the pace of innovation increases, and in the face of market constraints, life sciences capital is becoming more...more

Epstein Becker & Green

DOL Proposes New Safe Harbor for Selection of Designated Investment Alternatives for Defined Contribution Plans

On March 30, 2026, the U.S. Department of Labor (“DOL”) proposed a new rule offering a safe harbor for fiduciaries under ERISA in connection with selecting designated investment alternatives for participant-directed defined...more

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