While PE investment opportunities in Asia-Pacific markets have become abundant in recent years, the investment fund industry is still relatively nascent. Fund structures are still evolving and many governments in the area are looking to establish themselves as the jurisdictions of choice for fund vehicles. The first of a… Read More
In this issue US – Dodd-frank and SEC Registration SEC Staff Indicates That the Commission Is Likely to Extend Key Dodd-Frank Adviser Compliance Dates Until First Quarter of 2012 White & Case LLP Dodd-Frank Act Rulemaking: Under Rubric of Systemic Risk, Joint SEC-CFTC Proposal Would Dramatically Expand… Read More
AIF Capital held 14.5% at entry in 2002 Company headquarters: Singapore Business focus: Agricultural commodities Revenue: US$10.5 billion Employees: 14,600 IMPACT HIGLIGHTS Private equity support helped to prepare Olam for IPO, achieved in February 2005 AIF Capital actively supported Olam company policy of differentiation through customized solutions to… Read More
IDFC Private Equity invested US$35 million for a 13% stake in 2006. Company headquarters: India Business focus: Education Revenue: Grown four-fold since 2006 Students worldwide: 220,000 IMPACT highlights IDFCPE helped MUL bring in new talent in the company, including a new CEO and a new CFO Thanks… 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
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
In late December 2010, Shanghai authorities issued comprehensive regulations that clarify how foreign PE fund managers and investors can participate under the pilot QFLP (Qualified Foreign Limited Partner) program first announced in 2008 and launched in 2009. These new rules offer a stronger regulatory framework for the launch and… Read More
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