AIFMD – Professional Guarantee Requirement of External Valuer With the Alternative Investment Fund Managers Directive (“AIFMD”) having entered into force on July 22, 2013, Alternative Investment Fund Managers (“Managers”) are now responsible for establishing and maintaining appropriate procedures concerning the valuation of assets in the Alternative Investment Fund (“Fund”). In…

Interest in BDCs Continues to Grow Business Development Companies (“BDCs”), created by the Small Business Investment Incentive Act of 1980 to spur investment in smaller companies, are a type of closed-end fund that has exploded in popularity in recent years.BDCs generally make investments in private companies in the form of…

AIFMD – Year One Update The Alternative Investment Fund Management Directive (“AIFMD” or the “Directive”) became effective on July 23rd, 2013. Alternative Investment Fund Managers (“Managers”) of hedge funds, private equity funds, funds of funds and real estate funds had until July 22nd of this year to get authorization to…

In a recent speech to the Private Equity Forum of the Practicing Law Institute, Norm Champ, Director of the Division of Investment Management for the SEC, described the growing use of alternative investment strategies by ’40 Act open-end mutual funds. He noted that increased disclosure androbust valuations of illiquid investments…

Houlihan Capital is a proud sponsor of the Alliance of Merger & Acquisition Advisors (AM&AA) 2014 Summer Conference. The event is being held at the JW Marriott Chicago (151 W. Adams St, Chicago, IL 60603) on Tuesday, July 22nd thru Thursday July 24th. Attending from Houlihan Capital will be Vice…