Private Eye: Investors negotiate stricter reporting requirements in LPAs

The lesson drawn from several early SEC enforcement actions taken against sponsors is that they shouldn’t keep investors in the dark on how they handle the allocation of fees and expenses. It is especially problematic when their allocation happens to benefit them at the expense of investors. According to a new study, investors refuse to wait for private equity firms to […]

Sherlock Holmes, detective, private eye, gumshoe, gum shoe

Private Eye: Deal-makers can look forward to hefty pay increases

Big jumps in salaries and bonuses await many buyout and growth equity professionals, a reward for their ability to raise and smartly invest larger and larger sums of capital for institutional investors. According to the recently published 2015-2016 Holt-MM&K-Buyouts Insider PE/VC Compensation Report, well over a third (38 percent) of partner-level investment professionals at North American […]

Solomon Owayda

Solomon Owayda leaves Siguler Guff, to remain in industry

Solomon Owayda, who in the late 1980s and 1990s led the private equity program at California State Teachers’ Retirement System, and who played a seminal role in the founding of the Institutional Limited Partners Association, has left Siguler Guff & Co as managing director in its Boston office. 

David Toll

Proprietary deals exist, but be careful what you wish for: RCP Advisors

A study of North American portfolio companies tracked by funds-of-funds manager RCP Advisors finds that lower-mid-market and mid-market sponsors are still finding and closing a healthy percentage of proprietary deals. But such deals exhibit a wider spread of performance than auctioned deals without necessarily providing better returns, at least by one measure.

The US Capitol Dome and the entrance to the US Senate on Capitol Hill in Washington

BDCs try again for two-to-one leverage

A “fly-in” organized by the Small Business Investor Alliance and slated for this Tuesday in Washington aims to revive a legislative proposal to let business development companies raise their debt-to-equity ratio to two to one from one to one. The law would make BDCs a more competitive force in the fast-changing mid-market lending landscape.