PE Tech Report

Compliance

MFA wants SEC to exclude private funds from new ‘dealer’ proposals

The Managed Funds Association (MFA), the trade association for the alternative asset management investment industry, today submitted a comment letter to the US Securities and Exchange Commission (SEC) in response to its proposed rule to redefine and expand the definitions of “dealer” and “government securities dealer.”

Eurazeo announces milestones for infra fund

Eurazeo’s Sustainable Maritime Infrastructure (ESMI) fund has taken major steps in its commitment to support the transition of the global maritime industry to a carbon-neutral economy by 2050, in line with the European Green Deal’s ambition. This sustainable investment objective enables ESMI to be classified as Article 9 under the

NYSIF supports SEC’s proposal to reform private funds

The New York State Insurance Fund (NYSIF) has sent a letter to the Securities and Exchange Commission (SEC) in support of the SEC’s proposal to strengthen private funds regulation, including private equity, venture capital, and hedge funds.

More than 200 alternative managers opt for private placement through Jersey

More alternative investment funds (AIFs) are being marketed to EU investors through Jersey using National Private Placement Regimes (NPPR) than ever before, according to the latest figures. Recent data from the Jersey Financial Services Commission (JFSC) for the period ending 31 December 2021 shows that there are now 374 alternative

PINT PLC invests in UK-regulated gas transmission network & metering business

Pantheon Infrastructure (PINT), a listed global infrastructure fund, has agreed to invest approximately GBP40 million alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60 per cent stake in the UK gas transmission and metering business of National Grid. The business owns and operates the UK’s regulated

CSC releases AML and KYC compliance guide for private capital fund managers

PEF Services (PEF), a CSC company and a fund administrator for alternative investment managers, has released a new white paper – AML and KYC Compliance: A Guide for Private Capital Fund Managers. Private capital funds have long been aware of anti-money laundering (AML) and know your customer (KYC) requirements. But

SEC considers ban on PE client charges for legal costs

Private equity firms could be prevented from passing on legal costs to investors under new rules being considered by the US Securities & Exchange Commission (SEC), according to a report by The Wall Street Journal. The move is aimed partly at addressing investor concerns that they could end up paying

SEC charges VC fund adviser and CEO over misleading statements and management fees

The US Securities and Exchange Commission (SEC) has filed charges against venture capital fund adviser Alumni Ventures Group (AVG) and its CEO Michael Collins, according to a report by AltenativesWatch. The SEC complaint alleges that the firm made misleading statements about its management fees and engaged in interfund transactions that

Bahamas removed from EU’s AML blacklist

The European Commission has decided that The Bahamas should be deleted from the EU’s anti-money laundering (AML) blacklist. On 22 December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of Third-country Jurisdictions which have Strategic Deficiencies in their AML/CFT Regimes

ELTIF reform critical to boost finance options for EU SMEs, says AIMA and the ACC

AIMA and the ACC strongly support the reform of the European Long Term Investment Fund (ELTIF) regime introduced in November by the European Commission and have published a position paper that details further refinements of the proposals. ELTIFs are funds that invest in unlisted companies and projects, focusing on parts

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