September 5, 2013 - When it comes to regulations, it pays to stay diligent. Last year’s implementation of Dodd Frank exempted venture capital firms from SEC registration for all the right reasons; however, other regulatory changes and trends are likely to affect venture capital firms. While not specifically targeted by the regulations, the impacts to venture capital firms may be fewer product options, increased regulatory compliance and changes to confidentiality norms. Let’s consider three major issues facing the industry: Basel III, KYC & AML, and FATCA.
August 22, 2013 - With a string of profitable quarters on the books, it seems that the fiscal weight of Fannie Mae and Freddie Mac peaked at $187.5 billion. These government-sponsored enterprises (GSEs) became wholly-owned subsidiaries of the U.S. Treasury in 2008. Fannie and Freddie are the only part of the financial sector bailout that hasn’t yet shown a profit for taxpayers, but that milestone will be reached later this year.
August 21, 2013 - In our last edition of Foreign Exchange Insights, we discussed how Central Bank Policies have impacted Foreign Exchange rates. We discussed the recent measures the European Central Bank took, as well as those taken by the Japanese Central Bank. In this edition we are going to continue with our Central Bank focus, but we will focus on the steps the US Federal Reserve Bank is taking. We will discuss the impact that it is having on the FX Markets.
August 20, 2013 - There are several different forms of venture debt, and stepping back and viewing the issue at a high level makes sense in helping to understand the whole. Venture debt ostensibly refers to debt financing which is offered to companies who have a professional investor as a significant equity-holder in the company.
August 6, 2013 - Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London that could seat up to 1,000 bettors. The bear was attached to a post in the pit and several English bulldogs were tossed in to carry out the “worrying” cited above.
June 30, 2013 - In Q2 2013, there were 84 venture backed M&A transactions with $3.0B in disclosed deal value. Number of transactions continued to decline by 8% on a rolling four quarter basis, while disclosed value also fell by 17%. The fall in disclosed value may partly be due to a decline in the percentage of deals with disclosed value from 24% to 22% over the same time period.