Blog

“Private equity has always been a people business,” said unquote” editor Greg Gille as he began his interview with Olivier Dellenbach, eFront CEO. More and more, it seems, it’s also becoming a software business. In an unquote” video interview recorded on July 3, 2012, Gille and Dellenbach discuss the current trends and coming changes in the private equity software solutions market.

It is hard to imagine a recent regulation as far-reaching in its effect as The U.S. Foreign Account Tax Compliance Act (FATCA). Although originally envisioned as a means to detect U.S. taxpayers using offshore holdings to evade taxation, FATCA has mushroomed into a global phenomenon with implications for nearly every participant in the financial services and alternative investment industries.

On Friday May 2nd, 2014, the IRS released Notice 2014-33 introducing a new transition period for 2014 and 2015 for purposes of enforcement and administration of the Foreign Account Tax Compliance Act, or FATCA, but only for those financial institutions making a good faith effort to comply with the regime. In addition, certain transitional aspects of the due diligence requirements are being extended.

“You can’t eat IRR.” Many PE investors have read or heard this phrase somewhere. And as will be demonstrated below, IRR truly is a terrible measure of PE performance. This fact, combined with the fund managers’ ability to shop for the best statistically…