Broken-Deal Fees Put Alignment in Spotlight
A new survey of private‑equity firms shows that most charge broken‑deal expenses directly to the fund, while a minority still bill portfolio companies or investors. The practice is becoming a litmus test for sponsor‑LP alignment, as LPs demand greater transparency on fees that arise when a transaction collapses. The data also reveal regional variations, with North American sponsors more likely to absorb costs than their European peers. The trend signals a shift toward tighter fee governance in the private‑fund market.
Proskauer Expands Private Funds Group with LA Hire
Proskauer Rose has bolstered its private funds group by hiring a Los Angeles‑based partner with deep experience in fund formation and real‑asset transactions. The addition expands the firm’s private capital platform across fund structuring, transaction execution, and real‑estate‑related investments. The...
Capital Calls Get an AI Overhaul
Allvue, a fund‑administration software provider, and professional services firm RSM have unveiled a new agentic AI operating model designed to overhaul capital‑call processes. The AI platform automates routine fund workflows, reduces manual data entry, and delivers more transparent communications to...
Ares Creates COO Role
Ares Management announced the creation of a Chief Operating Officer position. The new COO will work directly with senior leadership to drive strategy and oversee global operations. The move reflects Ares' focus on scaling its infrastructure as assets under management...
GPs Need Not Rely on Redemptions to Court Individuals
General partners (GPs) of private‑equity funds are increasingly turning to emerging liquidity solutions rather than relying on redemption rights to attract individual investors. Mechanisms such as secondary‑market trading and the inclusion of private‑market exposure in target‑date 401(k) funds provide investors...
Greybull Expands Operating Bench with CFO
Greybull Capital, the London‑based private‑equity firm, appointed Jane Smith as an operating chief financial officer to serve all of its portfolio companies. Smith brings fifteen years of turnaround finance experience in Europe and the United States. The role will standardize...
VRC Bolsters Capital Markets Research Leadership
VRC has announced a new leadership appointment to head its capital markets research division. The role is designed to deepen the firm’s data‑driven valuation capabilities and deliver more granular insights to private‑fund investors. By centralising analytical talent, VRC aims to...
In the Loop: Getting to ‘Yes’
The U.S. Securities and Exchange Commission announced two related initiatives aimed at expanding private‑fund participation. First, the SEC offered a co‑investment relief framework that eases the regulatory burden for qualified investors who invest alongside fund managers. Second, it introduced additional...
‘Digital Trust’ a Value Proposition, Author Argues
Veteran compliance specialist Amy Reeder Worley argues that traditional compliance is increasingly a façade, calling it "a little bit of a lie." She promotes "digital trust" as a new value proposition for private‑fund managers, emphasizing immutable data, blockchain audit trails,...
Spin-Outs Enjoy an Edge in GP Financing
A Corpay study reveals that private‑equity spin‑outs enjoy a distinct financing advantage over truly emerging managers. Spin‑outs can tap legacy firm relationships, shortening fundraising cycles and securing more favorable loan terms. In contrast, emerging managers without such pedigree confront higher...
Stable Allocations, Shifting Strategies
According to the latest ILPA survey, limited partners remain heavily invested in private equity, keeping roughly 90 % of their allocations in the asset class. However, they are actively reshaping their manager rosters, cutting the number of external fund managers by...
Juniper Square Automates DDQs
Juniper Square announced the acquisition of Sightglass, a data‑analytics firm, to embed AI capabilities into its due‑diligence questionnaire (DDQ) platform. The combined solution links investor data, compliance workflows and machine‑learning models, allowing fundraisers to generate DDQs in minutes instead of...
Reed Smith Lands Miami Partner with Fund Finance Background
Reed Smith has hired a Miami‑based partner who specializes in fund finance, bringing expertise in subscription lines, net asset value (NAV) loans, and management company debt. The move expands the firm’s private‑equity financing capabilities in the Southeast. The new lawyer...
KPMG: AI Isn’t Replacing Staff, It’s Redefining Them
KPMG’s latest talent survey reveals that artificial intelligence is reshaping, not eliminating, professional roles. Firms report a 30% year‑over‑year increase in salaries for AI‑related skills and a surge in reskilling initiatives, with 70% of respondents launching dedicated programs. The study...
Apax Backs GP FX Provider
Apax Partners has committed $60 million to MillTech, a GP‑FX platform, to fund its North American expansion. The investment underscores Apax’s confidence in MillTech’s mission to modernize foreign‑exchange services for general partners. MillTech will use the capital to build infrastructure, hire...