Administration of Private Equity funds - Administration and Management of Private Equity funds

Private Equity and Venture Capital investment vehicles are becoming increasingly popular in the Luxembourg marketplace.
Although this asset class was already represented in Luxembourg with several vehicles in the form of UCI or non regulated vehicles, the recent trends have highlighted to local administrators and custodians that Private Equity and Venture Capital are an asset class with totally different features and sources of risk requiring specific skills and specific operational processes.
In this context, PwC's Academy is pleased to offer this dedicated training workshop designed to provide Luxembourg professionals with a comprehensive overview of the latest industry trends, as well as a thorough analysis of sector-specific issues and best practices.

21 June 2021 (ENG) - 9am-5pm

4 October 2021 (ENG) - 9am-5pm

Price: 1050.00 €

Duration: 7h

Language: English

Number of participants: max. 20

Objectives

By the end of this training, the participants will be able to:

Identify the nature and purpose of the Private Equity industry;
Identify valuations methodology and related accounting impact;
Describe the requirements in terms of disclosure in the financial statements for the different Luxembourg structures.

Content

1. Administration of Private Equity Funds

Supervision of investment and divestment transactions:

Key phases of a transaction
Key terms of a Share Purchase Agreement
Accounting impacts

2. Supervision of assets

Investment in operating companies
Investment in underlying Private Equity Funds
Specificities of mezzanine debt instruments

3. Valuation of investments

Accounting valuation rules
Valuation guidelines
Recognised methodologies
Accounting issues

4. Specific accounting and control issues

Capital accounts
Management fees
Preferred return/Carried interest
Cumulative loss and Clawback provisions
Income

5. Financial statements and disclosures

Financial statements
Disclosures
Consolidated accounts vs. statutory accounts
IFRS considerations
Publicity and filing of financial statements

Target audience

General Partner and employees of General Partner;
Head of administration, accounting & finance department and their teams;
Sales and customer relationship managers;
Custodian officers;
Compliance officers and internal auditors dealing with Private Equity and Venture Capital vehicles;
Professionals of the Financial Sector involved in the management and/or administration of Private Equity and Venture Capital vehicles.

Valerie Tixier, Partner at PwC's Luxembourg has an overall experience of 19 years and her client's portfolio mainly comprises private equity funds and structures. She is the current engagement partner for Partner Group structures in Luxembourg. She is specialized in Investment Management and is responsible for Private Equity funds within PwC Luxembourg.
She is also course responsible for PwC Luxembourg private equity funds clients’ training and regular speaker in conferences or events in relation to Private Equity. In addition, she is the partner part of our AIFMD core group with respect to Private Equity matters.

Johan Blaise is acting as a partner in the Audit department. Since joining PwC in 1999, he has gained experience in both medium side and international assignments. In particular, he has developed strong skills in auditing investment funds (including hedge funds), with a large focus on the private equity industry. He is actively supporting the PwC Luxembourg Private Equity group.
He is currently focussed on private equity through the audit of several private equity structures organized under various type of companies (SICAR, SIF, Part II funds, holding) as well as through the review of the valuation of the funds participations (review of the fair market value using different valuation methods, application of the EVCA guidelines, etc.).