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Ts & Cs

Five things you didn’t know about Landmark’s latest PE secondaries fund

The fund has a 14-year life and 60% of the GP commitment will be put forward by the firm's parent.

Legal terms scupper LPAC institutionalisation

Limited partners are acting to preserve their individual interests and make clear they do not represent the LPs collectively in a fund, a conference has heard.

SEC to ratchet up scrutiny of fees and expenses

The agency will start spending less time on new financial regulations, according to its chairman, Jay Clayton.

GP-LP relationship ‘challenged’ by transparency demands

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

Exclude PE from Volcker Rule, urges ABA chief

Banks should only be prohibited from engaging in stand-alone, proprietary trading, according to the American Bankers Association.

BC Partners to close Fund X with aid of staple

The vehicle is closing on up to €6.7bn target on the back of a stapled deal with Lexington Partners over the summer.

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.