The Institutional Limited Partners Association (“ILPA”) has recently released an update to its model limited partnership agreement (the “Model LPA”) for private equity funds and other closed-ended funds. One of the stated...more
9/21/2020
/ Amended Rules ,
Clawbacks ,
Closed-End Funds ,
Fiduciary Duty ,
Fund Managers ,
Institutional Limited Partners Association (ILPA) ,
Limited Partnerships ,
Premium Listed Issuers ,
Private Equity ,
Tax Shelters ,
Termination for Cause
The outbreak of the COVID-19 coronavirus is causing business disruption on an unprecedented scale. After more than a decade of sustained economic growth, market volatility and central bank intervention has...more
4/1/2020
/ Business Continuity Plans ,
Business Interruption ,
Capital Markets ,
Closed-End Funds ,
Contract Terms ,
Coronavirus/COVID-19 ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Force Majeure Clause ,
Form ADV ,
Fund Managers ,
ISDA ,
Liquidity ,
Margin Requirements ,
Nonperformance ,
Open-Ended Fund Companies (OFCs) ,
Private Equity ,
Real Estate Investments ,
Securities and Exchange Commission (SEC) ,
Short Selling ,
Trading Policies ,
UK ,
United States
The world has seen severe dislocation in the public markets with all major stock markets shedding 10-30 percent in the past few weeks due primarily to fears about COVID-19 coronavirus and the slump in oil prices....more
The Institutional Limited Partners Association (“ILPA”) has recently issued a publicly available model private equity limited partnership agreement (the “Model LPA”) as part of its simplification initiative. ILPA is an...more
This note sets out at a high level the potential impact of the United Kingdom’s (“UK”) exit (“Brexit”) from the European Union (“EU”) without a negotiated agreement on UK and European Economic Area (“EEA”) (a) alternative...more
10/22/2019
/ AIFM ,
AIFMD Passport ,
AIFs ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Central Bank of Ireland ,
Choice-of-Law ,
Contract Terms ,
Cross-Border Transactions ,
CSSF ,
EMIR ,
EU ,
EU Passport ,
EU-27 ,
European Economic Area (EEA) ,
Financial Conduct Authority (FCA) ,
Force Majeure Clause ,
Fund Managers ,
Income Taxes ,
Investors ,
ISDA ,
Luxembourg ,
Marketing ,
MiFID ,
No-Deal Brexit ,
Private Equity ,
Rome Regulation ,
SFTR ,
Third-Party Service Provider ,
Traders ,
Transitional Arrangements ,
UCITS ,
UK ,
UK Brexit
The Institutional Limited Partners Association (“ILPA”), the body that represents members of the international limited partner community, has recently revised its Principles for Fostering Transparency, Governance and...more
10/11/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Co-Investment Rights ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Fund Managers ,
General Partner ,
Institutional Limited Partners Association (ILPA) ,
Limited Partnerships ,
LPAC ,
Management Fees ,
New Guidance ,
Notification Requirements ,
Policies and Procedures ,
Private Equity ,
Transparency
Dechert was again pleased to support the SuperReturn CFO/COO Forum, held in Amsterdam in September. Nearly 200 GPs, LPs and key individuals from the private equity and venture capital industry came together for three days of...more
10/14/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asia Pacific ,
BEPS ,
CFOs ,
COOs ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
OCIE ,
OECD ,
Private Equity ,
Private Placements ,
Securities and Exchange Commission (SEC) ,
Venture Capital
In This Issue:
- ILPA Guidelines Have Noticeable Impact
- Extracting Tax Value in Debt Refinancings and Modifications
- Private Equity and Venture Capital Investing in China: Exit Strategy and Circular 698
-...more