KirklandPEN Kirkland & Ellis LLP

Private Equity Newsletter - August 7, 2013

This issue includes the articles “Appellate Court Holds PE Fund Potentially Liable for Bankrupt Portfolio Company's Pension Obligations” which discusses a recent appellate court decision holding that a PE fund is engaged in a trade or business, opening the door to potential fund liability for a bankrupt portfolio company's unpaid pension obligations. Also included is the article “Investing Your IRA - Proceed with Caution,” which reports that the use of IRA money to invest in a private fund is subject to complex rules with potentially severe consequences if the rules are violated.