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Legal Affairs

People moves: Blackstone, Pomona, Landmark promotions

Hires and promotions at fund managers, service providers and lawyers.

BVI eyes PE funds with limited partnership overhaul

The reforms include greater flexibility for GPs and LPs to define their roles, liabilities and limitations and the ability to borrow capital to finance operations.

PE firm fined $1m in conflicts case

Principals at Augustine Capital were prosecuted for using its fund’s assets to make conflicting transactions and not notifying investors.

The lay of the law and private funds risk

A growing number of private fund firms have become embroiled in court action this year. Rebecca Akrofie spoke to lawyers about the biggest legal headwinds currently facing the industry

Dallas lawsuit against Townsend ‘is a one-off’

The pension’s litigation against Cleveland-based advisory and investment firm Townsend is unlikely to spark a trend.

Litigation now ‘part of the PE business’

Lawsuits were rare a decade ago, but an expanding and pressurized market is making disputes more common, claims lawyer.

Dallas Police and Fire sues Townsend for RE losses

The $2.1bn pension system alleges the real estate consultant’s actions caused it to lose $580m.

Defunct private credit firm accused of student loan scam

Consumer protection watchdog alleges Aequitas Capital Management and Corinthian College knew most borrowers would default on their student loans.

Apollo sued over alleged $20m fraud

The management of logistics company Ceva claim the private equity firm did not alert them to a debt-for-equity swap.

UK to replace GDPR with EU-compliant Act

The government confirmed the move in a statement of intent