28 September 2017

Breakfast Briefing: The future of fee transparency and validation

Exploring the complexities faced by both GPs and LPs when it comes to reporting, understanding and validating fees.



Date: 28 September 2017


Venue: Home House, London, W1H 6LW


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Add to Calendar 09/28/2017 08:30 America/New_York Breakfast Briefing: The future of fee transparency and validation FREE to attend Breakfast Briefing The private equity industry is undoubtedly moving towards greater transparency, and the introduction of the ILPA fee template is a positive step towards providing LPs with more granular detail on fees changed to investors. But, with regulators increasing their demands for greater fee transparency – such as California’s Fee Disclosure… Home House, London, W1H 6LW false MM/DD/YYYY
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FREE to attend Breakfast Briefing

The private equity industry is undoubtedly moving towards greater transparency, and the introduction of the ILPA fee template is a positive step towards providing LPs with more granular detail on fees changed to investors.
But, with regulators increasing their demands for greater fee transparency – such as California’s Fee Disclosure Law – is simply asking GPs to adopt another layer of reporting enough to tackle the issue?
And once LPs have the additional fee information, how is it being used to more effectively manage their private equity holdings?
While transparency is improving for private equity, it remains a closed channel of information between GPs and their investors, meaning the industry remains opaque when it comes to validating information or conducting comparisons.

How to attend the briefing:

This breakfast briefing is free to attend for all members and trialists to The Drawdown. To attend the breakfast, simply register here, and we’ll add you to the Breakfast Briefing guestlist, plus set you up with a free trial to The Drawdown.

Discussion points include:

– Approaches to gathering fee data
– Granularity of fee reporting required by LPs
– Use of fee data
– Demand for greater fee transparency
– Fee validation

Moderator:

Alice Murray, editorThe Drawdown

Speaker panel:

Neil Sellstrom, treasury management & pensions advisor, CIPFA
Gareth Parsons, executive committee & head of the product development and fee transparency team, Colmore
Neil Cooper, senior investment manager, Greater Manchester Pension Fund
Valerie Auffray, investor relations manager, Apposite Capital LLP

Speakers will discuss the current methods used by private equity firms to apportion and report fees, as well as practices employed by LPs to interpret information provided by managers. The full panel will look back at how this issue has developed, through major events including the SEC’s continued investigation, the forensic fee audit carried out by Calpers, as well as the ILPA fee template.

Agenda:

08:30 Registration & networking
09:10 Introduction by The Drawdown
09:15 Panel discussion
10:00 Questions
10:15 Close

The event is FREE to attend for existing named The Drawdown members and trial users.

Not a member? Join our membership community today and receive a wealth of benefits including:

– Direct access to regular news updates, data and analysis.
– Exclusive access to all of our monthly breakfast briefings.
– Invitations to our collection of other events including awards, summits, dinners and webinars.
– Benchmarking data for flows, performance and product development.
– And more.

Register now for your free trial and experience the full range of benefits available to you, as well as entry to the above event.

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