Contents

Introduction
Marginal modifications
Save for the omnipresent negotiations on fee, only a few current events have GP's looking to refine the fine print.

Expert commentary: Proskauer Rose
Management company structuring
Scott Jones and Arnold May explore how to create the best framework for a firm.

Publicly traded vehicles
What a drag
Cash drag, the period when the issuer hasnt invested all its IPO proceeds, makes structuring public vehicles a daunting task.

Expert commentary: Capolino-Perlingieri & Leone
An Italian growth story
Giancarlo Capolino-Perlingieri and Dante Leone discuss the state of the Italian private equity market.

Co-investments
Total GP discretion
When it comes to co-investment terms, LP's get what they're lucky to negotiate.

Expert commentary: Loyens & Loeff
The Benelux
Marco de Lignie and Gilles Dusemon discuss recent developments on the region's fund regimes.

Special purpose acquisition companies
SPAC-tacular
Publicly listed SPACs are gaining ground with private equity veterans.

Expert commentary: P + P Pollath + Partners
Germany's missed opportunity
The past, present and future of German private equity legislation is explored by Andreas Rodin and Uwe Barenz.

The UK's 'non-dom' tax
Taxing times
Recently introduced tax rises on foreigners living and working in the UK may impact the number of private equity firms and funds based in the country.