Private equity firms and other private investment firms, including hedge funds and venture capital funds, face having to spend billions of dollars to ensure compliance with a raft of new rules adopted by the SEC last month, according to a report by The Financial Times.
Hedge funds and private equity firms are facing increased disclosure of their fees, and new restrictions on giving certain investors special treatment, after the US Securities & Exchange Commission (SEC) adopted a raft of new rules and amendments governing the $18tn private funds sector.Â
A legal clash between hedge funds and private equity firms and the SEC is looming large over the regulator’s proposed plan to tighten rules on the disclosure of fees and dealing with investors, according to a report by Bloomberg.
US private equity firm Paine Schwartz Partners has a made a AUD1.4 billion ($934.50 billion) bid to acquire the remaining shares it doesn’t already hold in Australian horticultural specialist Costa Group Holdings, according to a report by Reuters.
Private equity fund advisors will now have to make more disclosures about their investments after the US Securities and Exchange Commission yesterday voted to adopt a series of amendments to FormPF, the confidential reporting form for certain SEC-registered investment advisers to private funds.Â
With US VC firms hotfoot in pursuit of new opportunities in sectors as diverse as tech and fintech or energy and life sciences, billion-dollar start-ups are blossoming in overseas hubs that offer a springboard into targeted geographic markets.Â
The use of WhatsApp and other messaging apps by some of the world’s biggest private equity firms is being investigated by the US Securities & Exchange Commission, according to a report by Pensions & Investments online.
The majority of private equity fund managers already disclose enough financial information to their LPs on fees and performance, say critics of new SEC proposals. So, who benefits from a more transparent asset class? With private assets under management at an all-time high and recent shocks such as the pandemic
BlackRock has expanded its partnership with a consortium of Limited Partners (LPs) and Funds of Funds in an effort to streamline and standardise ESG reporting for private markets.
The Securities and Exchange Commission has voted to propose new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) to enhance the regulation of private fund advisers and to “protect private fund investors by increasing transparency, competition, and efficiency in the USD18-trillion marketplace”.
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