(Reuters) – Credit Suisse Group AG has agreed to sell a private equity business to Blackstone Group. The business, named Strategic Partners, has $9 billion in assets under management and has completed over 700 transactions and acquired over 1,400 underlying limited partnership interests since its launch in 2000.
You are browsing the archive for DoddFrank Act - peHUB.
In recent years, private equity has largely avoided the scrutiny facing the hedge fund industry. All this is changing, mostly due to the passage of the Dodd-Frank Wall Street Consumer Protection Act in 2010.
The latest regulatory requirement for buyout shops appears not to be as onerous as the industry had feared, lawyers who work with private equity firms told sister publication Buyouts Thursday. Smaller registered private equity firms will be required to provide only limited information regarding size, leverage, investor types and concentration, liquidity, and fund performance. For [...]
It was the sigh of relief heard ‘round the PE world last summer, when Congress exempted venture firms from having to register with the SEC as investment advisers. So why did Austin Ventures announce today that it has hired a general counsel and chief compliance officer? Kim Hughes, director of communications at Austin Ventures, wasn’t [...]
The full cost of having to register as investment advisers has really started to sink in with buyout shops. Olympus Partners puts the figure for itself at $500,000 to $600,000 by late spring, not counting annual costs beyond (see other estimates below). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, buyout firms with [...]