In this Bulletin, our contributors focus on: Debt investment in India and whether Mauritius is now and will in future be a preferred investment route: Reviewing a protocol amending the agreement between India and Mauritius in relation to double taxation and challenges presented by India’s General Anti-Avoidance Rules, the treatment… Read More
Energy focused private equity fund manager Kerogen Capital has reached a final close for its Kerogen Energy Fund II. The fund, together with its parallel funds and related co-investment funds, closed with capital commitments of US$830 million. Investors in the fund include endowments, foundations, pension funds, insurance companies, funds of… Read More
By Cindy Valentine and Ravi Chopra, King & Wood Mallesons Although permanent capital structures have been used in Europe and the US for many years in various forms, emerging markets have trailed developed markets when it comes to alternative structures. While managers in emerging markets have been talking about,… Read More
Global private markets advisor Hamilton Lane has closed its latest global fund of funds Hamilton Lane Private Equity Fund IX with US$516 million in capital commitments, exceeding its original target of US$400 million. Investors in the fund include public and private pension funds, endowments, foundations and other institutions. The fund… Read More
Brookfield Asset Management has reached a final close for Brookfield Infrastructure Fund III with US$14 billion in capital commitments. Investors in the fund include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices, as well as Brookfield itself, which committed US$4 billion. The fund… Read More
Global institutional investment management firm Farallon Capital Management has reached a final close for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III (collectively FASS III), with a combined total of US$1.12 billion in capital commitments. Investors in FASS III included United States-based pension groups New York… Read More
Secondary transactions have always been the most private part of private equity. For much of the nineties, secondary deals were viewed as tainted, and the general, ill-informed view was that the transactions involved weak investors selling their positions in poorly performing funds. The feeling seems to have been that it… Read More
On January 1, 2016, the Common Reporting Standard (CRS) issued by the Organisation for Economic Cooperation and Development (OECD) entered into effect in certain key investment fund jurisdictions, marking a significant step toward a global system of automatic exchange of information among participating jurisdictions. In general, the CRS requires that… Read More
Regulators and compliance professionals from New York to Dubai to Sydney are eagerly talking about a new risk that seems to have emerged in the aftermath of the financial crisis: conduct risk. It was the Financial Stability Board which in February 2013 first focused its attention on “business conduct”… Read More
In this Bulletin we address a number of commercial, governance, legal and regulatory issues, which we believe are both timely and of broad interest to the emerging market private equity, venture capital, and infrastructure investment community. We are certain that some of the topics covered will be discussed—vociferously perhaps—at… Read More
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