Regulation
Legislators agree on final text for AIFM
European legislators have finally agreed on the Alternative Investment Fund Manager’s Directive (AIFM).
Finance ministers agree to AIFM passporting
Finance ministers last night reached an agreement over the shape of the Alternative Investment Fund Managers (AIFM) Directive.
French venture: Retail funds under threat
France’s FCPI and FIP funds, two tax-efficient retail vehicles created to promote venture investments, are currently being overhauled by the legislator. While the proposed 2011 budget grants them a new lease of life, a number of changes are bound to...
EU minister hails “major step” on third country rules
European politicians have made a “major step” forward in agreeing the final form of the Alternative Investment Fund Managers’ (AIFM) Directive, according to Belgium’s finance minister.
Basel III: Capital requirements and the cost of leverage
The Basel III banking regulations took a major step forward over the weekend when central bankers agreed on the latest set of rules to prevent future financial crises. Higher capital requirements for banks have hit the headlines, but what effect will...
Central banks agree Basel III rules
Central bank governors have agreed new capital requirements for banks as part of Basel III.
AIFMD vote delayed yet again
The vote, initially scheduled for the week of 20 September, is now likely to take place in October, according to a French senior lawmaker.
New compromise suggested on AIFM Directive
As Europe’s politicians return from the summer recess, negotiations over the final shape of the Alternative Investment Fund Managers’ (AIFM) Directive have resumed. A revised compromise on the Directive, issued by the new Belgian presidency, will...
Solvency II criticised for ‘inappropriate’ stress test
European regulators have come under fire for choosing an “inappropriate” way to measure the stress caused by private equity investments on insurance companies. Research from Partners Group suggests the regulator’s favoured method of calculating...
AC Desarollo takes majority stake in Vaughan Systems
AC Desarollo, the private equity investment arm of Ahorro Corporación, has acquired a controlling stake in Vaughan Systems, a Spanish provider of commercial English language training services.
Solvency II: Doubts cast over private equity risk measures
The scramble for cash among GPs is set to heat up as they prepare for another reduction in capital allocations – this time from European insurers - as regulators work on plans forcing them to hold additional cash as a buffer against private equity risk....
AIFM vote put back to autumn
A crucial vote on the Alternative Investment Fund Managers’ (AIFM) Directive has been delayed until September.
Emergency Budget: Osborne hikes CGT to 28%
UK Chancellor George Osborne has announced a swathe of tax changes in his emergency Budget. With capital gains tax (CGT) up and corporation tax set to be cut, how will these and other changes affect private equity managers and their portfolio companies?...
George Osborne set to vote against AIFM
Britain’s new Chancellor, George Osborne, is set to vote against the Alternative Investment Fund Managers (AIFM) Directive, according to reports.
German investment ordinance review - effects on private equity
German insurance companies constitute a significant class of German institutional investors in alternative investments, including private equity. After a period of stagnancy, the German Investment Ordinance on the Investment of Restricted Assets of Insurance...
Next stage in AIFM vote delayed
The latest vote on the Alternative Investment Fund Managers (AIFM) Directive has been delayed until 17 May.
AlixPartners appoints economics expert to financial team
Advisory firm AlixPartners has appointed Derek Holt as director in the company's economics consulting team.
AIFM: EVCA vows to fight on after ‘disappointing’ JURI vote
The European Venture Capital Association (EVCA) has vowed to fight on against the Alternative Investment Fund Managers (AIFM) Directive, which could prove disastrous for venture investors.
LPs make their move at ILPA meeting
The private equity world used to be run by GPs. There is now abundant evidence that this is no longer the case, as LPs are beginning to dictate terms. A meeting between buyout chiefs and their investors in New York today could lead to further change....
The UK's Green Investment Bank - not yet a done deal
A week ago, the UK government announced the pre-election budget plans for 2010, which included the idea of a Green Investment Bank (GIB). But despite these positive intentions and the backing of private investors, it is far from a done deal; even if it...
EVCA survey points to AIFM danger
While many had been nervously anticipating the decision on the AIFM directive today, it seems that everyone will have to wait a little longer, as the topic was taken off the agenda at the EU finance ministers' meeting, in what is seemingly a positive...
EVCA conference: clear and present danger ahead
The EVCA conference examines the state of private equity and highlights the threat posed by the AIFM directive. Emanuel Eftimiu reports from Geneva
Institutional investors raise the bar on climate change
The Copenhagen Climate Summit is widely considered a failure in terms of regulation, as no real consensus was reached. This is not to say, however, that all hope should be lost. By Francinia Protti-Alvarez