Monday, 30 March 2015
Last updated 2 days ago
Mar 31 2010 | 2:39am ET
Representatives of some of the most prominent private equity firms in the U.S. were set to meet with investors yesterday to discuss a series of demands presented by an investor group last year.
The meeting in New York, sponsored by the Institutional Limited Partners Association, was set to consider whether p.e. firms should offer lower fees and more rights to investors, Bloomberg News reports. ILPA in September offered its members—215 institutional investors with $1 trillion in p.e. assets—a 17-page list of demands it suggested making to buyout firms when negotiating investment terms.
Joseph Dear, chief investment officer of the California Public Employees’ Retirement System, moderated the discussion, which was scheduled to include Avenue Capital founder Marc Lasry, Carlyle Group founder David Rubenstein, KKR general partner Scott Nuttall and TPG founder James Coulter. Apollo Management was also considering sending a representative.
In addition to ILPA’s demands and p.e. fees, discussions on the regulatory environment were also on the agenda.
The meeting is another sign that private equity firms are taking ILPA’s guidelines seriously. The Wall Street Journal reported earlier this month that at least three buyout firms had asked lawyers to vet the antitrust implications of the ILPA outline.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…