There have been a number of concerning news stories about the investment management industry in the last few weeks that brought back to me all of the concerns that went around the hedge fund industry during the Madoff crisis. And the 2008 financial meltdown. And the 2010 insider trading scandal. And the Petters Ponzi scheme.Read More
It’s a well known fact that the adoption of third party fund administrators has been substantially slower in private equity than elsewhere. Other sectors have made it the norm, whereas it has still been a comparative rarity here until very recent times. So how significant is the difference between categories of financial institution? How are they changing? And what does that mean for due diligence professionals? We take a look at where this trend sits right now.Read More
In the previous two posts we’ve been summarizing some of the insights provided by Michael Flaherman, Visiting Scholar at UC Berkeley and long time veteran of the industry who presented the IMDDA webinar “Making Sense of Private Equity Partnership Agreements”. We’ve helped you to understand private equity fund due diligence and examine some of the key reasons why the management fee offset deal you think you’re getting may not be as good as you think it is.
In this final post from the webinar on improving private equity fund due diligence outcomes, we look at some of the tactics you can use to make your private equity operational due diligence more effective.Read More