The Institutional Limited Partners Association (ILPA) has just published a first for the private equity industry: a standard template for reporting fees, expenses and carried interest to limited partners (LPs), which ILPA says is the second phase of its transparency initiative. ILPA launched the ILPA Reporting Template on Jan. 29, 2016, “to encourage uniformity” in… Read More >>
Northern Trust, IBM Build Blockchain for Private Equity Ops
Northern Trust and IBM have combined forces on the first commercial deployment of blockchain technology that went live at a private equity investment manager and that will eventually be offered to other clients of the asset custodian. The blockchain solution enables the private equity fund manager to “transfer ownership stakes and be managed, serviced and… Read More >>
TA Associates Backs Management Buyout of GSAM Unit
TA Associates Backs Aussie-Focused Investment Capabilities and Fund Platform TA Associates, a private equity firm, reports that it has signed a definitive agreement to back a management buyout of Goldman Sachs Asset Management’s Australian-focused investment capabilities and fund platform. Financial terms of the transaction were not disclosed. The transaction is expected to close by year-end,… Read More >>
SEC Hits WL Ross with $2.3M Penalty
SEC officials report that WL Ross & Co. LLC, a New York-based private equity fund adviser, founded and chaired by investor Wilbur L. Ross, will pay a civil penalty of $2.3 million, plus reimbursements, to settle charges that it failed to disclose its fee allocation practices to the WLR Funds and their investors, resulting in… Read More >>
Media Reports Say Misys Owner Mulling IPO
Misys, a 37-year-old banking and capital markets software systems provider, may be entering the public markets again, according to media reports about the matter. In mid-August, The Times of London, citing industry sources, ran with a story that Misys was getting ready to launch a £5.5 billion ($7.3 billion) listing via the London Stock Exchange…. Read More >>
PE Firms Oppose Brexit as Race Tightens in U.K.
As the deadline for the U.K.’s European Referendum is fast approaching, private equity and real estate managers around the world have made their voices heard. The majority of firms within the country as well as Europe, U.S. and Asia are firmly within in the Remain camp. A recent survey conducted by Augentius, a private equity… Read More >>
Calypso Technology Agrees to Buyout
Calypso Technology is going down the private equity route and the cash infusion will help the trading and risk management systems vendor grow its investor base and take its offerings to the next level for demanding customers, officials say. European private equity fund Bridgepoint and global growth equity investor Summit Partners announced that they are… Read More >>
Coller Capital Remains Tight Lipped about Next CEO
The surprise departure of Tim Jones as CEO and deputy investment officer of secondaries private equity firm Coller Capital came as a surprise and prompted a management review. However, investors will have to wait a few weeks before any more light is shed on the subject and whether a new appointment is imminent. According to… Read More >>
Calpers Wants Private Equity Firms to be More Transparent
The California Public Employees’ Retirement System (Calpers), the largest public pension fund in the U.S., is looking for more transparency from private equity firms and calling for a more open reporting process going forward. That’s important because, in 2015, Calpers invested $27.6 billion in private equity. But as big as that investment seems, it’s less… Read More >>
Investors and Regulators Push PE Firms for More Transparency
Private equity firms are feeling the heat for more IT solutions and better data management as an uptick in regulatory audits and exams is causing investors to demand more transparency, according to professional services firm EY’s 2016 global private equity fund and investor survey. The greater demand for transparency is one of the key findings… Read More >>
