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Ts & Cs

Ardian fund performance revealed

The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.
Credit: AgnosticPreachersKid/Wikimedia Commons

SEC to crack down on misleading marketing materials

The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.

SMCR could require UK management shake-up

Regulation designed to draw clear lines of accountability within firms could mean a rethink of management structures or role definitions.

Fund managers can have their say on Volcker rule

The 25-question consultation “paves the way” for a rewrite of the rule that restricts banks’ investment into private equity funds.

Penn SERS to boost fee transparency

The Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.

Fund finance focus: don’t neglect the positives

The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.

Divided over a key issue

Is investor focus on key person clauses misguided?

US carry tax reform ‘practically difficult’

Doubts over whether plans to tax carry as income will be actionable have been raised, along with suggestions a renewed legislative proposal to do so may fail.

Siguler Guff to hold final close on SOF – exclusive

The investment firm has hit the hard-cap on its first dedicated secondaries fund which will focus on distressed and special situations, Secondaries Investor has learned.

Goldman seeks $5bn for Vintage VII – exclusive

The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by Secondaries Investor.