After the financial crisis, private equity and venture capital firms have been operating in an increasingly uncertain environment, with economic fragility and market volatility making investment sluggish. The industry faces difficult questions from regulators and legislators who are scrutinizing regulatory, compliance, and tax issues. The days of self-regulation are a thing of the past.
Editor Anna Gervasoni, General Manager of the AIFI since 1986, has assembled a team of contributors working at the very heart of the industry to collectively track the evolution of the private equity and venture capital industry.
Private Equity and Venture Capital gives a bird’s eye view of the history and performance of this industry in the wake of the financial crisis, examining the most important regulations (such as the Alternative Investment Funds Managers’ Directive, the European Venture Capital Funds Regulation, and Dodd-Frank), engaging with tax and legal developments, and explaining best practice for implementation.
Chapters include:
- Investment Activity: Umberto Nobile and Harry Nicholson (EY)
- Divestment Activity and Performance: Maximilian Fiani, Onno Sloterdijk and Paul de Hek (KPMG)
- The Impact of the AIFM Directive on the Private Equity and Venture Capital Market in Europe: Emidio Cacciapuoti and Valentina Lanfranchi (SJ Berwin; AIFI)
- An Overview of the Main Structure Used by Private Equity Players: Pietro Belloni and Davide Mencacci (Linklaters)
- A Summary of Other Regulations: Paola Flora (Ashurst)
- The Relationship Between Players and Target Companies: Corporate Governance Issues: Claudio Cerabolini (Clifford Chance)
This book is essential reading for institutional investors, insurance companies, banks, family offices, high net worth individuals and funds of funds, as well as private equity fund managers themselves. Additionally it should be required reading for CFO's, CEO’s and investment managers of private equity and alternative investment companies; portfolio allocation professionals working in asset allocation departments; and compliance, risk management, and tax and legal managers and officers.