Private Equity Compliance: Analyzing Conflicts, Fees, and Risks


Private Equity Compliance: Analyzing Conflicts, Fees, and Risks

Jason Scharfman, Managing Partner,
Corgentum Consulting, LLC

Private Equity Compliance: Analyzing Conflicts, Fees, and Risks provides straightforward practical guidance on one of the fastest-growing areas in the private equity (PE) space. Mirroring trends from the hedge fund industry, recent surveys indicate that PE managers rank compliance as the single most challenging aspect of their business. Reports also indicate that PE compliance spending has rapidly outpaced other PE operating costs. General Partners (GPs) have also significantly ramped up the hiring of private equity compliance related roles. Private Equity Compliance provides current and practical guidance on key private equity compliance challenges and trends.


  • In-depth analysis of the core elements of a private equity General Partner's (GP's) compliance program
  • Exclusive interviews are featured with private equity compliance practitioners
  • Release date: September 12, 2018
  • ranging from the role of the CCO and governance committees to the growing role of compliance technology and cybersecurity policies

Topics Covered Include:

  • Review of the role played by external governance mechanisms including Limited Partner Advisory Committees (LPACs)
  • Private Equity Compliance: Analyzing Conflicts, Fees, and Risks
  • Analysis of the duties and responsibilities of third-parties in compliance including compliance consultants and law firms
  • Analysis of essential compliance obligations in place at the General Partner, fund and underlying portfolio company levels
  • Examination of recent and historical regulatory cases brought against private equity firms for alleged compliance violations in areas including fees and conflicts of interest management
  • Due diligence considerations for Limited Partners (LPs) seeking to evaluate and monitor private equity compliance programs
  • Examples of core private equity compliance documentation including the Compliance Manual and Code of Ethics as well as related compliance policies in a private equity fund's offering documentation such as the Private Placement Memorandum
  • Analysis of the implications of technology and cybersecurity developments on the evolving GP compliance landscape
  • Discussion of global regulatory trends impacting private equity compliance planning including the General Data Protection Regulation (GDPR), European Markets in Financial Instruments Directive II (MiFID II) and Packaged Retail Investment and Insurance-based Products (PRIIPs)

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Also available by Jason Scharfman:

Hedge Fund Compliance: Risks, Regulation, and Management

Hedge Fund Governance: Evaluating Oversight, Independence, and Conflicts

Private Equity Operational Due Diligence: Tools to Evaluate Liquidity, Valuation and Documentation

Hedge Fund Operational Due Diligence: Understanding the Risks