Data & Intelligence

Legal & Regulatory Bulletin – Issue No. 25, Spring 2018

This Bulletin contains practical guidance for industry investors, managers, practitioners and policy makers. It provides a thoughtful analysis of why it’s critical to get the governance right at private companies, flags imminent changes to the Cayman Islands anti-money laundering (AML) regime, clarifies changes in the private fund environment in Brazil and assesses the impact of India’s infrastructure investment trusts.

Bulletin contributions:

  • Getting Governance Right – what do private equity investors really want? If corporate law fails to provide the perfect precedent, how does one create the right governance environment for sound decision making in private equity-backed companies and influence policy change?
  • What do the 31 May 2018 changes to the Cayman Islands’ AML Regime mean for financial service providers including closedend and unregulated open-end investment funds and insurance entities? What is the background for the changes, how does one move to full compliance and what are the new criminal and administrative consequences of non-compliance?
  • What is the government of Brazil signaling and what do the 8 April 2018 measures relating to the taxation of private equity funds (FIPs) and new rules defining and clarifying FIPs and nonFIPs mean? How does clarifying the nature and taxation of a private investment entity impact past practices related to family assets and wealth planning while inviting private capital and venture investment?
  • What are the key considerations and implications for Indian infrastructure investment trusts under SEBI regulations intended to attract investment towards India’s infrastructure needs? With a review of structuring, entity formation and capital raised throughprivate placement and special purpose vehicles, might there be a signal for future and significant uptake in these structures?
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company