Jennifer Harris

The Boston-based firm has unveiled a raft of promotions across the business.

Draft legislation, which would require all private equity, private equity real estate and hedge fund managers with more than $150m in assets to register with the SEC, must now face a test in the Senate.

The US House of Representatives has approved a rule that would force private equity funds managing more than $150m to register with the SEC. The bill now goes to the Senate for a vote.

The bill, which would require all private equity and hedge fund managers with more than $150 million in assets to register with the SEC, must now face a test in the Senate.

The Private Fund Investment Advisors Act, which would require all private equity and hedge fund managers with more than $150 million in assets to register with the SEC, must now face a test in the Senate.

An early version of the Senate’s financial reform legislation exempts private equity from registration as an investment adviser – a carve-out which could save firms hundreds of thousands of dollars.

Dirk Leasure will head a team of investment bankers who are preparing for a 'substantial increase' in private equity transactions next year.

Dirk Leasure, who previously worked with financial sponsors for Goldman Sachs, will head a team of investment bankers who specialise in private equity transactions.

A buyer of company debt will have to prove that they are undertaking a 'genuine company rescue' in order to avoid paying taxes on cancellation of indebtedness income.

The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.