Investors In Private Equity
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In the private equity world, partnership agreements have received praise from many corners for reducing the agency costs arising between the interests of fund managers and investors. This article sets out to assess contract design in private equity partnerships. The argument here is that the importance of many of these heralded contract design features has been overstated. Part II describes the legal rights of investors in private equity funds. By default, investors in private limited partnerships have limited rights to participate in day-to-day operations or challenge decisions of fund managers. As a result of this set of default legal rules, investors in these funds face a familiar agency problem. That is, fund managers may be emboldened to pursue their own self-interest at the expens...
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Article by Jonathan Axelrad , Matthew L. Giles , Kenneth J. Gordon , Rufus C. King and David W. Watson
Recent economic events have raised a host of ...
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New Jersey's Appellate Division has held that parents or affiliates (including a private equity investor) of a company that failed to give required no...
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Article by
Jonathan Axelrad ,
Matthew L. Giles ,
Kenneth J. Gordon ,
Rufus C. King and
David W. Watson
Recent economic events have raised a ...
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NEW YORK & PETACH TIKVAH, Israel -- BrainStorm Cell Therapeutics Inc. (OTCQB: BCLI), a leading developer of adult stem cell technologies and therapeut...
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Recent informal comments by representatives of the U.S. Internal Revenue Service ("IRS") indicate that the IRS may expect U.S. investors in foreign he...
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NEW YORK (Reuters) - Private equity funds are shrinking as investors become choosier and funds that have fallen behind in performance could drop off the radar when they return to the market, executives and investors said at a major conference this week.
Data from London-based private equity research firm Preqin in April showed that $46.1 billion was raised in the first three months of the year by private equity firms - a quarter of the amount raised at the peak of the latest private equity boom in 2007.
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Two young Bergen County community banks stuck in low gear in a down economy have drawn interest from private-equity investors, including one who advised Bank of America on its purchase of Merrill Lynch.
Last month SRV Holdings LLC, an entity set up by J.C. Flowers & Co., an international investor in financial companies, bought a majority stake in Saddle River Valley Bank, which has two branches and $83 million in assets. Terms were not disclosed.
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As reported in a prior Legal Update, the Internal Revenue
Service ("IRS") has informally taken the position that
U.S. sponsors of, and U.S. investors ...
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On November 10, 2011, the Philadelphia office of Drinker Biddle & Reath LLP hosted its 5th annual roundtable discussion entitled "The State of the Deb...