Private Equity

When SEC examiners announced two years ago that they were coming in, PE fund adviser WL Ross & Co. ($4.5B in AUM) reviewed its approach ...

The related disclosures of RBC’s precedent transaction analysis define “Adjusted EBITDA” for the precedent target companies as being adjusted to account for certain one-time expenses. ...

SEC Enforcement director Andrew Ceresney was quick to point out “a common theme” in the Commission’s recent enforcement actions against private equity firms:  a failure ...

Since the OCIE exam, WL Ross has voluntarily taken a number of actions to strengthen its controls and compliance systems. WL Ross hired a new ...

These proceedings arise from two distinct breaches of fiduciary duty. First, Apollo entered into certain agreements with portfolio companies that were owned by Apollo-advised funds ...

A cadre of Democratic senators, including Elizabeth Warren (D-Mass.) and Bernie Sanders (D-Vt.), has asked SEC Chair Mary Jo White to consider having the Commission ...

That Blackstreet Capital Management case from June, in which the SEC argued again that a private equity fund adviser receiving transaction-based compensation should register as ...

California Public Employees’ Retirement System hired a firm to audit its private equity program and determine whether certain general partners were complying with various aspects of ...

State of Wisconsin Investment Board will seek outside service providers to address shortcomings uncovered by a recent Ernst & Young review of Wisconsin’s private equity ...

Information about a general partner’s carried interest doesn’t belong in the state pension’s annual financial statement, according to James McIntire, Washington’s state treasurer, who gave ...