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Compliance

PE fund adviser pays $1.5m to settle SEC fee violation charges

New York-based investment adviser Insight Venture Management LLC has agreed to pay a $1.5 million penalty and and $864,958 in disgorgement and prejudgment interest, to settle Securities and Exchange Commission charges that it charged excess management fees and failed to disclose a conflict of interest to investors relating to its fee calculations. 

PE fund adviser pays $1.5m to settle SEC fee violation charges

FTX law-suit targets VC and PE firms

A class-action law-suit filed on behalf of investors in Sam Bankman-Fried’s failed cryptocurrency exchange FTX, has accused a number of venture capital and private equity firms, including Sequoia Capital, Thoma Bravo and Paradigm, of hyping the “legitimacy” of the business, according to a report by Bloomberg.

FTX law-suit targets VC and PE firms

US DoJ probes Blackstone, Apollo and KKR & Co on overlapping board seats

The US Department of Justice (DoJ) has launched an investigation into whether the way a group of private equity majors, including Blackstone Inc, Apollo Global Management Inc and KKR & Co, influence the boards of US corporates violates antitrust laws, according to a report by Bloomberg.

US DoJ probes Blackstone, Apollo and KKR & Co on overlapping board seats

AIMA and the ACC welcome positive progress on ELTIF regulation reforms

The Alternative Investment Management Association (AIMA), a global representative for the alternative investment industry, and its private credit affiliate, the Alternative Credit Council (ACC), has welcomed the political agreement on the European Long-Term Investment Funds (ELTIF) Regulation confirmed earlier this week.

AIMA and the ACC welcome positive progress on ELTIF regulation reforms

SEC charges Hudson Advisors and Lone Star Global for failing to disclose fund fees included $50m tax liability

The Securities and Exchange Commission (SEC) has charged registered investment advisers Hudson Advisors and Lone Star Global Acquisitions for including Hudson’s owner’s anticipated income tax liability as a component of certain fees charged to 14 funds they managed. 

SEC charges Hudson Advisors and Lone Star Global for failing to disclose fund fees included $50m tax liability

CMA blocked record three M&A deals in past year

The Competition and Markets Authority (CMA) prohibited three merger & acquisition deals in 2021/22, the highest on record in a single year. The number of blocked deals in 2021/22 equates to 5.5% of all deals reviewed by the CMA that year, says Thomson Reuters.  In the previous decade, the CMA only prohibited an average of one transaction a year, around 1.5% of M&A deals reviewed.

CMA blocked record three M&A deals in past year

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