Sam Sutton

“You have to make sure it’s fair and reasonable,” says Swire Lower inflation translates to a lower base rate of acceptable returns Pantheon founder bullish on infrastructure A decade of low or non-existent inflation lowered the bar for private equity returns. General partners and investors should prepare accordingly, Pantheon founder Rhoddy Swire told the audience at […]

Scale means larger commitments for lower fees Institutional-quality back-office functions critical Firm hired Roy Kelvin, David Smolen in 2014 GI Partners Executive Managing Director Rick Magnuson has some advice for general partners who want to invest with California’s pension giants.  “You have to be very mindful of fees, and their goals for reducing fees, which we’ve […]

Maloney predicts Democratic gains in House, Senate PE-friendly Sens. Toomey, Ayotte, Kirk in tight reelection races All three support PE, AIC-approved tax policies While the presidential race between former Secretary of State Hillary Clinton and businessman Donald Trump dominates the headlines, “if you look down-ticket, that’s where the challenges are,” said James Maloney, vice president […]

What does ACA do and how do you interact with the PE community? Our primary interaction with the private equity space is providing regulatory-compliance consulting on both the Investment Advisors Act and Investment Company Act — for folks that have [business-development companies. We work with] broker/dealers as well, so FINRA and SEC guidance. We have a cybersecurity and risk-assessment […]

Rep. Hurt bill targets specific disclosure, reporting requirements HR 5424 unlikely to get taken up in Senate CalPERS, ILPA declare their opposition Private equity’s lobbying arm scored an important victory earlier this month when the U.S. House of Representatives passed the Investment Advisers Modernization Act of 2016, which would eliminate certain disclosure requirements instituted by […]

Co-founder Griffin Perry was spokesman for father’s presidential campaign Co-founders include energy vets Matt Miller, Kirk Lazarine Firm seeking $150 mln, per SEC filing University of Michigan earmarked $30 million to form a new relationship with Grey Rock Energy Partners, a natural-resources firm targeting $150 million for investments in distressed oil and gas assets. The […]

Verus recently signaled its bearishness on U.S. buyout funds, citing high prices, reduced use of leverage and the likelihood of diminished returns. The investment adviser’s report, which it delivered to Fresno County Employees’ Retirement Association earlier this month, lays out the case for why newly christened U.S. buyout funds are unlikely to match the returns […]

HR 5424 passes 261-145; 35 Democrats vote in favor President Obama promises veto ILPA, CalPERS oppose the bill The private equity industry scored a significant legislative victory on Friday after the House of Representatives passed a bill that would roll back certain regulatory requirements instituted by Dodd-Frank. The Investment Advisers Modernization Act of 2016, sponsored […]

Bill would limit info PE firms put in SEC filings Rep. Hurt’s bill to be considered by the House this week American Investment Council, ACG offer support President Barack Obama said he would veto a bill seeking to limit the amount of information private equity firms must provide to the SEC. “HR 5424 would create […]

Kline Hill beats $120 mln target Connecticut firm acquires small-cap secondary stakes Founder Michael Bego launched Kline Hill last year Kline Hill Partners beat its $120 million target for its debut secondaries fund, holding an interim close on $128.5 million, according to SEC filings and a source with knowledge of the fund. The firm will continue […]