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NYCERS: Industry ‘could do a better job’ on GP-leds

David Enriquez, the $65bn pension's co-head of private equity, says the market needs to differentiate between types of process and their purpose.

VSS restructuring ends with $200,000 SEC sanction

The SEC alleges the firm withheld information on an updated net asset value for stakes in its Fund III before a sale.

ILPA launches portfolio company metrics tool to help GPs provide info

The template standardizes the request by LPs for portfolio company information, which typically has been customized.

GPs abusing ‘hedge clauses’ to dodge fiduciary duty: ILPA

An LP lobby group says a change in Delaware law and an SEC no-action letter unleashed a 'perfect storm' to the detriment of private fund investors.

OPIC nears PE investment mandate as House passes legislation

President Trump is likely to pass the BUILD Act into law after the bill goes back to the Senate for review.

Sofinnova: General counsels need to get dealmakers on side

Armance Bordes, French venture firm Sofinnova’s first general counsel, tells pfm general counsels need to get deal-makers on side and notes how LP demands have become 'harsher' over time.

CalPERS’ CIO exit is latest in executive departures

Ted Eliopoulos joined CalPERS in 2007 and will step away by the start of 2019.

Data security more important than returns for LPs

Reliable data security measures are more important than returns or fee alignment to LPs, according to the annual CFA survey on investor trust.

Cambridge hires ex-Bain partner as human capital head

Elizabeth Ramos, the investment advisor's most senior hire since 2016, has been brought on in a newly-created position.

GP-LP relationship ‘challenged’ by transparency demands

Two reports conclude transparency requirements are affecting the GP-LP dynamic and can be difficult to achieve.

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