After much anticipation from the private funds market, earlier this week on June 5, 2024, the U.S. Court of Appeals for the Fifth Circuit (the Court) reached a decision in respect of the litigation challenging the Private...more
The Securities and Exchange Commission (the SEC) adopted new and somewhat controversial rules and rule amendments (the Final Rules) under the U.S. Investment Advisers Act of 1940 (the Act) in the fall of 2023 that impact the...more
The Institutional Limited Partner Association (ILPA) published new guidance on May 15, 2023, relating to continuation funds. The guidelines build on ILPA's prior (2019) guidance on best practices for GP-led secondary fund...more
A Tool for Portfolio Management -
While the secondaries market has traditionally provided opportunities for limited partners to exit from private equity funds, there has been an increase in General Partner (GP)-led...more
Effective October 1, 2020, all private companies incorporated under the Business Corporations Act (British Columbia) (BCBCA) will be required to maintain a transparency register disclosing certain prescribed information about...more
Two weeks before implementation, potentially onerous new burdens for private investment funds that use a British Columbia company have been removed. Proposed amendments to the Business Corporation Act (BCA) would have applied...more
Private equity funds that own British Columbia companies face an onerous, new administrative burden under recent amendments to the province’s Business Corporation Act (BCA). The changes could discourage the use of B.C....more
The effective date for all private companies governed by the Business Corporations Act (British Columbia) (BCA) to maintain a "transparency register" has been postponed until October 1, 2020. This requirement was previously...more
Starting on May 1 of this year, all private companies governed by the Business Corporations Act (British Columbia) (BCA) must maintain a "transparency register". The register will contain the names of individuals with direct...more
The Institutional Limited Partners Association (ILPA) recently released the latest version of its principles, ILPA Principles 3.0. The updated principles provide a detailed selection of best practices for participants in the...more
9/17/2019
/ Best Practices ,
Canada ,
Environmental Social & Governance (ESG) ,
Fiduciary Duty ,
Fund Sponsors ,
General Partnerships ,
Institutional Investors ,
Institutional Limited Partners Association (ILPA) ,
Limited Partnerships ,
Private Equity ,
Private Funds ,
Transparency
The outlook for private equity investment in Canada is promising. The country has become an attractive destination for foreign investors, and the total value of PE deals continues to reach new heights. A strong Canadian...more
9/19/2018
/ Acquisitions ,
Canada ,
Competition ,
Cross-Border ,
EBITDA ,
Foreign Direct Investment ,
Foreign Investment ,
International Tax Issues ,
Investment Portfolios ,
Mergers ,
NAFTA ,
Oil & Gas ,
Pensions ,
Portfolio Companies ,
Private Equity ,
Technology Sector
The outlook for private equity investment in Canada is promising. The country has become an attractive destination for foreign investors, and the total value of PE deals continues to reach new heights. A strong Canadian...more
9/19/2018
/ Acquisitions ,
Canada ,
Competition ,
Cross-Border ,
EBITDA ,
Foreign Direct Investment ,
Foreign Investment ,
International Tax Issues ,
Investment Portfolios ,
Mergers ,
NAFTA ,
Oil & Gas ,
Pensions ,
Portfolio Companies ,
Private Equity ,
Technology Sector