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| Most people are familiar with the "primary" method of raising private equity money by floating new funds. But it's the secondary business that is booming, in part because of delayed demand. |
| (Source: Fortune, 2010-08-09) |
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| Entrepreneurs have found it increasingly difficult to raise venture money since the financial turmoil in late 2008, and while venture investment is improving, it has yet to recover to the levels seen before the crisis. A key attribute 10 young up-and-coming venture capitalists surveyed by Venture Capital Journal, a Thomson Reuters publication, looked for in entrepreneurs before betting on them was confidence to keep going when the going gets tough. |
| (Source: Reuters, 2010-08-02) |
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| Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies scored investments totaling $10.4 million during the first six months of the year, according to IBJ research and data from Cleveland-based BioEnterprise, a life sciences business development group. |
| (Source: Indianapolis Business Journal, 2010-07-31) |
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| The Securities and Exchange Commission has been prodding companies in recent reviews of regulatory filings to provide more information about the risks they face. In annual and quarterly financial statements, as well as proxies, the regulator wants companies to give more details about potential problems, including risks tied to credit and liquidity, goodwill impairments, and compensation. |
| (Source: CFO.com, 2010-08-02) |
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| A number of large U.S. companies have embraced Democratic proposals to end some tax breaks on overseas profits, the first opening in what had been unified opposition to ending the controversial provisions. In a letter to Senate leaders, 22 firms threw their support behind a recent proposal from Sen. Max Baucus (D., Mont.) that would end certain small tax breaks on overseas income, raising $11.5 billion over 10 years to pay for tax incentives the firms are eager to maintain, including the research tax credit. |
| (Source: The Wall Street Journal, 2010-08-04) |
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| The U.S. Securities and Exchange Commission is divided over when to seize pay from executives who unwittingly benefit from accounting fraud, a rift that has triggered internal disagreements over cases, according to people with direct knowledge of the matter. As recently as May, the SEC's enforcement division was working toward a policy that would have limited so-called claw-back actions to times when the executive is implicated in the violations, according to people with direct knowledge of the matter. |
| (Source: Bloomberg, 2010-08-06) |
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| The Internal Revenue Service said that it would overhaul a unit devoted to scrutinizing large corporations and wealthy individuals, a shift that would bolster the agency's growing focus on international tax evasion. The I.R.S. said that it would centralize operations at the core unit, which will now be known as the large business and international division, to give international examiners the authority to decide whether to pursue or settle contentious tax cases involving multinational corporations. |
| (Source: The New York Times (free reg. req'd), 2010-08-04) |
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| Minorities and women are vastly underrepresented on corporate boards and executive positions in Fortune 500 companies, according to a survey by Sen. Bob Menendez (D-N.J.). The results showed minorities represent just one out of seven members of corporate boards, while women constitute one in five. |
| (Source: The Hill, 2010-08-04) |
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| The increase in second-quarter initial public offerings is a sign that financial markets are more willing to put money into long-term growth, and that investors are more willing to take risks again for higher returns. IPO volume in the U.S. grew from 27 launches in the first quarter to 37 in the second quarter -- the largest number in any quarter since the financial crisis began. |
| (Source: Daily Finance, 2010-08-03) |
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| A spate of mergers and acquisitions during the past two weeks may signal the start of a comeback for global dealmaking in the second half of 2010. There have been 787 announced deals since July 19, with a total disclosed value of $86.4 billion, according to data compiled by Bloomberg. |
| (Source: Dallas Morning News, 2010-08-02) |
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| As the troubled economy elongates the average time it takes for a young company to find a buyer or hold an initial public offering, venture capitalists -- who often sit on the boards of start-ups they invest in -- are sticking around longer, even as they join more boards, which means the hands-on guidance an experienced investor can bring to a start-up may become diluted. |
| (Source: The Wall Street Journal, 2010-07-29) |
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| In this economy, even counterfeiters are trading down. After years of knocking off luxury products like $2,800 Louis Vuitton handbags, criminals are discovering there is money to be made in faking the more ordinary -- like $295 Kooba bags and $140 Ugg boots. |
| (Source: The New York Times (free reg. req'd), 2010-07-31) |
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| If you were trying to find successful entrepreneurs -- people who can innovate and commercialize radically new ideas -- what would you look for? The goal of the Founder Institute, a school/incubator of sorts with chapters in Silicon Valley, San Diego, New York, Boston, Houston, Brussels, Berlin, Paris, and Singapore, is to train entrepreneurs in the skills they need to start 1,000 companies a year. |
| (Source: CNNMoney.com, 2010-07-28) |
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Noteworthy Provisions of the Dodd-Frank Act for Private Equity
On July 21, 2011, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act). The Act implements sweeping reform throughout the system, reaching from consumer protection to regulation of transparency and accountability for Wall Street players. A number of the provisions of the Act will directly impact private equity funds.
Read the noteworthy provisions of the Dodd-Frank Act for private equity. |
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Global Deal Activity is Up
According to the Q2 2010 IntraLinks Deal Flow Indicator report, there has been a 40 percent increase in global deal activity in Q2 2010 versus Q2 2009 and an 11 percent increase in activity over the last quarter.
Read the IntraLinks Deal Flow Indicator report. |
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August
August 19 - 7th Annual Association for Corporate Growth Indiana Golf Outing
September
September 9 - 2010 INVESTIndiana Conference
September 14 - Indiana Biomedical Entrepreneur Network
September 16 - Economic Club of Indiana Speaker's Reception: David Simon
September 25 - Indiana Sports Corp's Corporate Challenge |
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