Partners Group welcomes guidance from US Department of Labor on inclusion of private equity in defined contribution pension plans. Partners Group, the global private markets investment manager, welcomes the US Department of Labor DoL guidance released on Wednesday in an Information Letter, which clarifies that under federal law, defined contribution DC pension plan fiduciaries can incorporate certain private equity strategies into diversified investment options, such as target-date funds. The DoL guidance addresses an important hurdle for DC plan managers, who have to-date been reluctant to meaningfully incorporate private markets exposure into DC plans, including k s, for fear of non-compliance with their fiduciary duty under federal law. By contrast, defined benefit DB plans included in a survey of the US’ largest retirement plans had invested an average of 8. Robert Collins, Managing Director, Head of Partners Group’s New York office, comments: “The Department of Labor has taken a major step toward modernizing defined contribution plans and providing participants with a more secure retirement. At a time when working families are struggling to save, this guidance gives fiduciaries the certainty they need to finally provide main street Americans access to the same types of high-performing, diversifying investments as wealthy and large institutional investors, all within the safety of their k plans. Many in the retirement industry have advocated for greater parity between the investment options available to DB and DC pension plan investments. In , Partners Group launched an initiative to seek new guidance from the DoL, in which it partnered with Pantheon, another private markets investor. These efforts were supported by a broad coalition of investor-oriented groups, including DC plan associations and many of the US’ largest public and corporate pension plan sponsors.
Why Online Dating Has a Hard Time Hooking Up with Venture Capital
Some 17 years ago, when internet dating was popular but still kind of embarrassing to talk about, I interviewed an author who was particularly bullish on the practice. Millions of people, he said, have found gratifying relationships online. Were it not for the internet, they would probably never have met. A lot of years have passed since then. Gratifying is a vague term, yet also uniquely accurate. It encompasses everything from the forever love of a soul mate to the temporary fix of a one-night stand.
As our main feature reveals, there are more than a few private equity limited partners (LPs) facing resource problems as the industry fragments and spreads.
Well, I have been thinking. We were all required to stay in our homes and are still expected to adhere to social distancing. But dating requires some form of intimacy. How the fuck will this work out? How will we actually date people? Given their busy schedules, in your personal experience or experience of friends, who do they usually date and who do they usually end up with?
Just like the title says, anyone care to share their details on how they dealt being cheated on or how you found out? Also some feedback on how you guys deal with work and maintaining a relationship?
private equity fund finance space by demystifying some date of publication, but that these terms may evolve as advanced to a private equity Fund borrower.
For more definitions and frequently asked questions also see the Methodology and FAQ sections of our website. The Acquisition of Certain Assets occurs when certain assets of a company, subsidiary, division, or branch are acquired. The Acquisition of Assets is when all assets of a company, subsidiary, division, or branch are acquired. Funds provided to a company to finance its acquisition of other companies or assets.
A consolidator of companies in specific industries. The obtainment of control,possession or ownership of a private portfolio company by an operating company or conglomerate. Group of wealthy individuals that pool their own capital together in order to make private equity investments. The annual return from the previous trading day to the selected date.
A Target Date for Target Dates
Growth capital private equity fund that will invest in Irish SMEs with significant growth potential. Residential equity fund providing capital to small and mid-scale developers to facilitate the build out of residential units in Ireland. Grade A office development. Follow on investment in a successful artificial intelligence cybersecurity company expanding their presence in Ireland.
Due Date Approaching for BE Filing for Certain Hedge Fund, Private Equity and Other Private Fund Managers. May 11,
Mark Brooks, an Internet dating business consultant who has worked with POF, says the news prompted one start-up to approach him with a business plan. He had to set them straight, explaining that the POF acquisition was many years in the making. The less savory traits of the business include the high cost of scaling dating apps for new metro areas and the fact that the more successful the app, the sooner the users stop interacting with the service.
Bill Pescatello, a partner at Lightbank, a venture capital firm in Chicago, is one of those rare angel investors who feel optimistic about online romance. Mobile allows a lot more dating to happen, period. Tinderites may be anywhere from age 18 to 35, the younger set being those not yet interested in marriage prospects and likely to stay with the service for a longer time, notes Brooks. Like other services, CMB is free to start with and involves a quick sign-up, but the sisters have also incorporated the flash sale model, in which consumers are encouraged to act fast.
The bagel will become unreachable in one day, at which time reconnecting will cost a player some digital beans, purchased in-app. In the week following the update, the attrition rate among male Hinge users was 40 percent higher than average; among women, subscription rates picked up 26 percent.
Private equity investments in target date funds: The DOL weighs in
Africa Capital Alliance ACA is an investment firm that specialises in growth equity, buyout, and turnaround investments, and risk capital. The Nigeria-based firm, which was founded in , focuses on investments in sub-Saharan Africa. CDC has played an anchor role in all five funds.
Employer retirement plans are not known for their flashy investments – a majority of (k) investors these days use target date funds that invest.
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VCs aren’t falling in love with dating startups
This copy is for your personal, non-commercial use only. Retirement savers in k plans could soon gain exposure to private-equity strategies, a move that pits proponents of the investment option against critics who say it would introduce unsuitable risks for many investors. The Labor Department earlier this month issued an information letter that opens the door for average retirement savers to invest in strategies that are typically the domain of high-net-worth investors.
But it does appear to sanction their use as an option in a professionally managed multi-asset-class investment vehicle, such as a target-date, target-risk, or balanced fund. Consumer advocates and some experts, meanwhile, are critical of the move, saying that the unfamiliar private-equity landscape could jeopardize the retirement savings of unsophisticated k investors by leading them to high-fee investments that are opaque, complex, and risky.
The HKVCA’s mission is to stimulate a vibrant venture capital and the private equity industry in Asia while promoting the role of member firms in value creation, innovation and economic development. Date: Tuesday, 1 September
The huge sums that private equity firms make on their investments evoke admiration and envy. The chief advantage of buying to sell is simple but often overlooked, explain Barber and Goold, directors of the Ashridge Strategic Management Centre. Once that gain has been realized, private equity firms sell for a maximum return. A corporate acquirer, in contrast, will dilute its return by hanging on to the business after the growth in value tapers off.
Public companies that compete in this space can offer investors better returns than private equity firms do. The latter would give companies an advantage over funds, which must liquidate within a preset time—potentially leaving money on the table. Both options present public companies with challenges, including U. Private equity. The very term continues to evoke admiration, envy, and—in the hearts of many public company CEOs—fear. In recent years, private equity firms have pocketed huge—and controversial—sums, while stalking ever larger acquisition targets.
Their ability to achieve high returns is typically attributed to a number of factors: high-powered incentives both for private equity portfolio managers and for the operating managers of businesses in the portfolio; the aggressive use of debt, which provides financing and tax advantages; a determined focus on cash flow and margin improvement; and freedom from restrictive public company regulations.
Investments to Date
CHICAGO Reuters – Employer retirement plans are not known for their flashy investments – a majority of k investors these days use target date funds that invest in broad, diversified equity and fixed income mutual funds that automatically rebalance to minimize risk as retirement approaches. That has been a healthy, if unexciting, trend. But in the years ahead, some plan sponsors may start spicing things up.
Last week, the federal government opened the door for plan sponsors to add private equity funds to their k plans.
Join EMPEA and SVCA on Thursday, for a private virtual meeting to discuss the impact of COVID on private equity and venture.
The BE benchmark survey of U. Department of Commerce in order to obtain current economic data on the operations of U. Any U. There is no minimum dollar threshold. In , the BEA amended the BE filing requirement to provide that an investment in a foreign affiliate that is a private fund is exempt if i the private fund foreign affiliate does not own, directly or indirectly through another business enterprise, an “operating company” — i. It should be noted that if an investment meets the requirements of the private fund exemption, such investment may nevertheless need to be reported through the Treasury International Capital “TIC” reporting system of the U.
Department of the Treasury. Each “fully consolidated U. The term “fully consolidated U. Foreign branches and all other foreign affiliates are excluded from the consolidation rules. Depending on the size of the foreign affiliate, a separate Form BEB, BEC or BED will need to be filed for each foreign affiliate — where a foreign affiliate’s total assets, sales or gross operating revenues excluding sales taxes , or net income after provision for foreign income taxes positive or negative at the end of, or for, the U.
The BEA initially announced that U. However, due to the recent novel coronavirus pandemic, the BEA has informally advised that a U.