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Brian Bonilla

What will valuations look like in 2019?

Tax reform, the public market, outsourcing and the regulator are all factors that private funds managers will have to consider when it comes to their calculations.

ILPA turns to SEC to fix one-sided limited partnership agreements

Out of 80 investors surveyed in late 2018, 69% had seen reduced fiduciary duties in LPAs.

Technology the biggest challenge for GPs in growing their firms

Conducting effective due diligence on the host of tech options available is both time and resource intensive.

LPs are demanding more from CFOs

Investors can find it helpful to meet CFOs during the due diligence process, especially when it comes to concerns related to fees and expenses.

Firms prefer to deal with restructurings and extensions later rather than sooner

Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.

SEC enforcement unit continues to lose staff, raising concerns on PE oversight

The Enforcement Division has lost 10 percent of its staff over a two-year period.

How are PE firms vesting their carried interest?

30% of professionals said that their vesting schedule lasts more than five years, according to a survey by Heidrick and Struggles.

Developing nations pose biggest bribery risk for CFOs, executives

The 2018 TRACE Bribery Risk Matrix covering 200 countries and territories found that Somalia, Libya, Venezuela, Chad and Turkmenistan are riskiest.

Increase in diverse-owned firms ‘frustratingly slow’

A new report shows the number of women-owned funds raised in 2017 is less than 3 percentage points higher than in 2006, and for minority-owned funds the increase is even narrower.

Shutdown leaves tax questions unanswered

Industry practitioners filing taxes for the first time since The Tax Cuts and Jobs Act of 2017 came into effect are expecting a backlog at the agency.

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