The Recessionary Fraud Double Whammy
The prospect of being on the wrong end of a fraud is an unnerving one for businesses at any time. In turbulent times like these though, the impact that a fraud may have can be far more marked than under happier economic conditions. Unfortunately, the probability of a new fraud being perpetrated — or of a longer running fraud finally coming to light — is far higher in a recessionary climate.  To make matters worse, the well-intentioned cost cutting programs which many corporates are putting into place might reduce the efficiency of anti-fraud measures — just when they’re needed the most. Read more.  (This article is premium content and is available to registered members only).

The Good the Bad and the Ugly: Options for Private Equity in the Current Business Downturn
Private Equity owned businesses are tripping loan covenants, being asked to inject fresh equity, and filing for bankruptcy protection in record numbers. The carnage is likely to increase as the steep falloff in business accelerates in 2009. Even now lenders are staffing up their workout groups to prepare for the onslaught, and being more aggressive with troubled businesses.  In today’s adverse business environment, is there anything that can be done to prevent getting to this stage? Despite not having a magic wand to fix the economy (growth makes up for a lot of evils) and get credit flowing again, there is something proactive private equity firms can do to improve the survival odds of their portfolio companies. Address the classic leadership dilemma in a new way.  Read more.  (This article is premium content and is available to registered members only).

Asset Disaggregation: A Strategy To Facilitate Acquisitions and Exits
Acquisitions, whether the target is a platform company or an add-on, almost always involve expendable assets regarded as surplus, duplicative, underperforming, or not synergistic with the strategic direction of the go-forward business.  Closing these transactions can challenge even the most astute negotiators.  Read more.  (This article is premium content and is available to registered members only).

Introduction to the 2008 Marketing Best Practices - Investment Banks Survey
Editors Note: At some point or another every private equity professional has said, “I wish I knew what the banker thinking?” Well, wish no further. Private Equity Professional Digest surveyed more than 400 investment bankers to find out what’s on their minds when it comes to private equity firms, deal making and best practices. Read more.  (This article is premium content and is available to registered members only)

Results of the 2008 Marketing Best Practices - Investment Banks Survey
Here are the  responses to all 42 questions that the survey asked.  Results are provided in a graphical format or in a PDF format as needed.  Read more.  (This article is premium content and is available to registered members only)

Two and Twenty: Taxing Partnership Profits in Private Equity Funds
According to private equity legend, this article by Victor Fleischer started the carried interest is ordinary income not capital gains debate that raged in Washington late last year and early this year and may again become an issue in 2009.   Read more.  (This article is premium content and is available to registered members only)

Private Equity Professional Digest is published by and for private equity investors.  Our staff of experienced private equity investors  has many years of direct experience in private equity. 

We know what we are writing about because we have lived what we are writing about. 

This website is dedicated to advancing the success of its members by providing timely and well written editorial on the tools, techniques and best practices used in the private equity industry.  We provide full length feature articles, real world private equity based case studies, daily updates on the relevant news articles of the day and a free electronic newsletter which outlines the most relevant private equity news articles from the day before.