Dec
20
2013

France, Cayman Islands, Costa Rica, Malta, British Crown Dependencies Sign FATCA IGAs

On November 14, 2013, France signed an intergovernmental agreement (“IGA”) regarding FATCA with the United States, becoming the 10th country to join the global FATCA network taking effect on July 1, 2014. The Cayman Islands, Costa Rica, Malta, the British Crown Dependencies (Jersey, Guernsey, and Isle of Man), and the Netherlands followed suit shortly thereafter, bringing the total number of IGA countries to 17, and joining the ranks of the U.K., Denmark, Germany, Ireland, Japan, Mexico, Norway, Spain and Switzerland.…

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Nov
13
2013

FATCA Update on Reporting

On October 29, 2013, the Internal Revenue Service (“IRS”) issued its latest guidance, Notice 2013-69 (the “Notice”) with respect to the Foreign Account Tax Compliance Act (“FATCA”). The Notice applies to foreign financial institutions (“FFIs”), including private equity funds and their managers, entering into an “FFI Agreement” with the IRS and to FFIs treated as reporting financial institutions (“Reporting FIs”) under a Model 2 intergovernmental agreement (“IGA”).…

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Oct
24
2013

Better Approaches to Managing Data and Gaining Operational Efficiency

Part 3: Technology to the rescue

This is the final article in our three-part series about the challenge of managing “Big Data.” In our first two articles, we defined the concept of Big Data as it relates to the private equity business, explored the challenges of managing it and identified areas of efficiency gain.…

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Oct
17
2013

Better Approaches to Managing Data and Gaining Operational Efficiency

Part 2: Maintaining operational control

This is the second article in our three-part series about the challenge of managing vast amounts of alternative investment data, a challenge we are calling “Big Data.” In our first article, we defined the concept of Big Data as it relates to the private equity business and explored some of the challenges of managing it.…

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