According to the annual EMPEA/Coller Capital Emerging Markets Private Equity Survey, Russia has ranked at the bottom of all emerging markets in terms of investment attractiveness for the past three years. However, market participants assert that global impressions of Russia are not aligned with reality. This article aims to… Read More
The rapid and continuing growth of private equity in the Asia Pacific region has heightened interest in private equity fund terms among investors (“limited partners” or “LPs”) comparing potential funds for investment, and fund managers (“general partners” or “GPs”) seeking to benchmark their terms against the market norm. Increasingly,… Read More
Many GPs are drawn to the idea of forming an RMB fund. LPs looking for RMB exposure or an uncorrelated growth capital investment may also be attracted to RMB funds. The NDRC has emerged as the national regulator, releasing a series of disclosure and best practice requirements in January… Read More
On 8 April 2011, the SEC Division of Investment Management advised the North American Securities Administrators Association (NASAA) that the Commission is considering extending the registration and compliance deadline until Q1 2012 for advisers relying on the private fund adviser exemption and for mid-sized advisers who must withdraw their… Read More
Market participants assert that global impressions of Russia are not aligned with reality and that local opportunities are far better and risks more manageable than investors imagine. This perception arbitrage opportunity, combined with escalating valuations and competition in Russia’s sister BRICs, may set the stage for a resurgence of… Read More
While it is too soon to speculate about the potential long-term consequences of the unrest unfolding across North Africa, EMPEA’s members are expressing confidence that this chain of events will result in more stable, faster-growing economies that will present private equity players with compelling investment opportunities and more investor-friendly… Read More
In April 2008, Russia implemented a law to regulate foreign investment into sectors of national strategic importance. After two years of implementation, it has become apparent that the law imposes too many regulatory barriers and creates too many uncertainties for foreign investors. On 23 March 2011, Russia's Parliament (Duma)… Read More
The National Development and Reform Commission (NDRC) of China issued a Notice on Further Regulating the Development and Filings of Equity Investment Enterprises in Pilot Areas on 31 January 2011. The Notice, which was publicly released and took effect in late February 2011, applies to funds and fund managers… Read More
In this issue AIFM Directive (EUROPEAN UNION) The Missing Link – AIFMD and Third Countries SJ Berwin European Regulation of Fund Managers: AIFM Directive Agreed and Adopted Shearman & Sterling LLP u.s. financial reform (dodd-frank act) Dodd-Frank Act: The Impact of US Financial Services Regulatory… Read More
In January 2011, Shanghai launched the Pilot Program of Foreign-Invested Equity Investment Enterprises (the QFLP Program), an important step in the Chinese government's effort to gradually loosen restrictions on offshore funds investing in China. While the QFLP Program does not yet offer funds with significant foreign investment equal treatment… Read More
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