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The regulation will be partially effective from June, but could still face a ‘full-scale rewrite.’
Firms should review whether capital from reinvestment or subscription credit lines should be included in IRR calculations.
Efforts to assess the effectiveness of the rule were discussed at a Monday meeting.
The asset management consultancy has added to its tax, financial regulation and fund restructuring expertise.
The firm has hired Heiko Dimmerling as chief operating officer.
The Volcker Rule and other aspects of the Dodd-Frank Act will be scrapped if the bill is passed.
The distribution waterfall, a narrowing between gross and net IRR spreads and disclosure and transparency are among the key terms and conditions driving the GP-LP dynamic, according to the law firm.
Investors in the fund, which has no minimum commitment, can sell their stakes after 60 days.
Tricia Mackechnie will lead the firm’s global IT team from its Boston headquarters.
Brokers will be able to offer private equity investment to 401(k) clients if the rule is written off before its April implementation.