Legal & Regulation

Insurance companies have already started selling off private equity assets in anticipation of the January 2016 implementation.

Proposed changes to private fund limited partnerships would benefit secondaries funds and secondaries investors in the UK.

The European Securities and Markets Authority suggested a pan-EU marketing passport be offered to Guernsey and Jersey but requesting more time to review the regulatory regimes of the US, Singapore and Hong Kong.

The alternative assets specialists has advised on more secondaries deals so far this year than all of 2014.

The Treasury has invited the industry to respond to its proposed changes to existing limited partnership legislation, including introducing a list of permitted LP activities.

The immediate tax change is accompanied by a consultation on fund manager rewards.

European banks have largely sold off the bulk of their private equity stakes as a result of financial regulations. Now, they are increasingly using the secondaries market as a portfolio management tool.

The global law firm has hired the secondaries deals expert to expand its advisory capacity.

Sally Gibson, who has been with the firm since 2008, will focus on advising sponsors of private investment funds, including secondaries funds.

The firm's London office increases its secondaries advisory capacity with the hire of Mateja Maher.