TPG Pays $12.8 Million to Settle Allegations that it Misled Investors

TPG Capital Advisors, LLC will pay $12.8 million to settle allegations that it misled prospective investors in three of its private equity funds. According to a settlement with the Securities and Exchange Commission, TPG misled prospective investors by failing to disclose its practice of requiring some portfolio companies to pay accelerated monitoring fees when certain …

Attack of the Indirect Investor

A company’s indirect investors may sue the company and its principals for fraud, according to a recent federal court ruling in Robert Colman et al. v. Theranos Inc. et al. Private funds attorney Josh Watson discusses the case in his article "Attack of the Indirect Investor." He explains that investment managers who syndicate investment opportunities through single …

MBBP’s Joshua Watson quoted in Bloomberg article discussing private equity tax and financial reform in the Trump era

Corporate partner Joshua H. Watson was quoted in a Bloomberg article discussing possible changes to the private equity industry during Donald Trump's presidency. The article details the top three priorities for the private equity industry as Trump takes office: carried interest, interest deductibility, and changing Dodd-Frank registration requirements.  Regarding Dodd-Frank requirements, Josh notes that if …