It’s not easy being green: SFDR and communicating your ESG credentials

It’s not easy being green, opines Kermit the Frog as he wanders slowly through a claustrophobic garden of lush leaves and bright flowers – and he doesn’t even have to contend with the new Sustainable Finance Disclosure Regulation (“SFDR”). The bad news for you (at least if you ever plan to raise capital from European…

Will private equity benefit from standardised documents?

There is no single “off-the-shelf” package of documents for a private equity fund. Instead, every fund manager (with the help of its lawyers) develops and negotiates the fund’s limited partnership agreement (LPA) with its investors (and their lawyers). The practice of negotiating side letters with specific investors, generally to confer privileges or accommodate special requests,…

Private equity fee validation: Turning on the lights

For both U.S. and European allocators to the private equity asset class, it is increasingly clear that establishing a fee validation program can be a very complex undertaking. “Can i get some help over here?”… This could very well be the rallying call for LPs as the face challenges in unraveling their private equity fees….

Fees and offsets: Lessons learnt

Regulators are gunning for fund managers over opaque or dubious fees and expense arrangements. How can managers and investors get ahead of the game? With most of the new financial regulations on the alternative assets sector having come into effect, regulatory agencies are now devoting more time to scrutinizing the newly-regulated industry’s activities and practices,…