10 VC facts: past, present and future

This month MJ Hudson celebrated it’s 10-year anniversary. So, in this article, we wanted to capitalise on it by shining a light on ten key facts of the Venture Capital industry that illustrate its state of play, scope, and successes. We have seen in past financial crises that Venture Capital has had a significant hand…

Two paths diverge in a wood – Differences between U.S and European fund terms

The private equity industry today spans the globe, but the United States and Europe remain its two biggest markets. While there has been some convergence in the economic terms of American and European private equity funds in the past decade or so, there remain some significant differences in fund terms. Origins Although there is a…

LP Intel

Trumped-up terms? Does it pay to be an American GP? With an increasing tide of capital making its way over to the U.S., it is important for investors to be able to distinguish the principal differences between U.S. and European fund terms. Although managers on both sides of the Atlantic broadly adhere to certain core…

What to expect from a US buyer: 10 flashpoints

For the purpose of this article, we have assumed that 100% of the share capital of a UK private limited company is proposed to be sold under a sale and purchase agreement (“SPA”) governed by English law. These are 10 flahspoints what to expect from a US buyer. 1. Locked box or completion accounts? In…

Falling subscription thresholds – Rise of retail investors funds

This article spotlights a rising trend of large US fund managers tailoring new funds for America’s broader retail investors class and questions whether Europe will follow where the Americans lead. Dollars to dimes; Euros to cents? Large U.S. alternative fund managers are trying crack the affluent retail investors market. Will European managers follow the same…