Nicholas Donato
The HIG Capital credit affiliate replaced outgoing CFO Alastair Merrick with internal talent.
The commission reportedly formed a unit to examine private equity and hedge funds around the same time it said half of registered GPs are not sufficiently disclosing fund expenses to LPs.
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Michael Elio is leaving the LP trade body to become partner at the StepStone Group.
Tighter general solicitation rules could harm private issuers, says the PEGCC.
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Investors are increasingly worried that some questionable charges – such as first-class travel – are being treated as fund expenses.
The reform will allow private fund managers to mass advertise fundraising efforts if they disclose more data to the US regulator.
A bill to exempt private equity firms from SEC registration has sailed through the House Financial Services Committee.
There are no hard and fast rules on leveraged lending, but US regulators are keeping close watch of debt levels in the buyout markets and issuing new guidance.
Regulators gave the private equity and real estate fund industry something to worry about in 2012. More of the same is expected in 2013 and beyond. PERE Magazine, February 2013 issue.
Recent examinations of private equity firms are helping regulators understand the complex world of private equity, according to speakers at PEI’s CFOs and COOs Forum 2013 in New York.