KirklandPEN Kirkland & Ellis LLP

Private Equity Newsletter – December 13, 2011

This issue includes the article “Private Funds with Euro Exposure Face New Currency-Related Considerations,” which describes how addressing currency issues in advance of a possible Euro meltdown may mitigate the risks of the uncertain application of various jurisdictions’ governing laws as well as investor discord over choice of replacement currency. Also featured is “IRS Proposed Regulations Relax Hurdles to Sovereign Wealth Fund Investments in Private Funds,” which states that the IRS’ recently proposed regulations should make an investment in a U.S. private equity fund more attractive to a sovereign wealth fund.