Nicholas Donato

Nearly a quarter of UK-based private equity fund managers say they expect no carried interest from their current funds, a drop in confidence compared to late 2009 according to Investec.

This week Republican congressman Robert Hurt will introduce legislation that would exempt private investment firms from registration with the SEC.

Energy-focused buyout firm First Reserve has taken a minority stake in Ansaldo Energia, a power plant division of aerospace and defense conglomerate Finmeccanica. Banca Imi, BNP Paribas and Unicredit will act as lead underwriters for up to €650m of debt for the deal.

The private equity veteran is the latest to endorse the best practices guidelines put forth by the Institutional Limited Partners Association.

A number of fund managers are unaware of a ‘little known loophole’ to side-step SEC registration, according to placement agent Triago.

Market players are disagreeing over which EU legal instrument should be lobbied for as new rules over the alternative investment industry draw nearer.

Europe’s acquisition finance providers are expecting more active debt markets in 2011, a trend likely to be welcomed by mid-market players eager to refinance portfolio companies.

The London-based firm has appointed Penny Walker as general counsel, a newly created position to navigate the fluctuating regulatory landscape.

The European Parliament and Council have reached agreement on the final text of the long anticipated Alternative Investment Fund Managers directive. The agreed text is set to be voted into law mid-November and would take effect early next year.

The EU’s leading opponent to letting foreign private equity firms easily access Europe’s deep capital markets has softened its position.