Kevin Ley

Pledge funds are gaining steam among newer GP groups trying to make an impression with LPs. But the deal-by-deal funding model has some serious weaknesses that fund managers and LPs need to consider.

The European Central Bank has become the latest influential group, including the UK Financial Services Authority and London mayor’s office, to raise concerns in the past week about the negative consequences that proposed regulations could have on Europe’s private equity industry.

Private Equity Manager sought out feedback from several different private equity players with regard to 'Private Equity Principles' just released by the Institutional Limited Partners Association. The LP-friendly suggested partnership terms are seen by some non-LPs as less than perfect.

Small firms that have relied on lines of credit to smooth cash flow may have to wait until 2011 for relief, writes Kevin Ley.

The scarcity of lines of credit has hit the operations of small firms especially hard, and those without strong existing ties with banks will likely have to survive without credit sources until 2011.

New regulations proposed by the White House could force a significant number of 'foreign advisers' to register with the SEC, depending on their assets and number of clients in the US.

A $30 million AUM threshold proposed by the Obama administration would likely force nearly all private equity firms to register as investment advisers.

A new tax change in France could change the debt-equity balance in the wake of difficulties caused by large LBOs.

Gary Long has departed from the firm after 15 years as Investcorp looks to streamline management and cut costs.

More firms will need a strategy in 2009 for how they handle communications related to portfolio-company bankruptcies