Fund Admin
This is the document investors must sign to invest in a private fund.
Subscription Document
Who is Piedmont's CEO?
Ian Asvakovith
How often do private equity firms release reporting to their investors?
Quarterly
A hedge fund invests in these types of securities
Publicly traded stocks and bonds
When an investment is sold by the original investor to a new party, this is referred to as trading on the *blank* market.
Secondary
This is the document that defines what the fund can and cannot do, and serves as the "rules" for the Fund.
Limited Partnership Agreement (LPA)
Piedmont was founded in what year
2005
Venture Capital (VC)
Hedge Fund performance calculations reset when.
Monthly
What is the primary metric used to calculate a PE fund's performance?
IRR (Internal Rate of Return)
AML/KYC stands for what?
Anti-Money Laundering/Know Your Customer
What is Piedmont's proprietary LP reporting system called?
Opera
Purchasing a company using debt in the name of the company, is a common private equity practice known as what.
Leverage Buy Out (LBO)
What is it called when an investors pulls their money out of a hedge fund?
Redemption
This iconic American bakery and packaged goods company was acquired by KKR in a highly publicized leverage buyout
RJR Nabisco
This is the name of a tax document investors receive for their private fund investments.
K-1
Piedmont's two founders graduated from which university.
UC Santa Barbara
This is what it is called when a Private Equity firm pays money to their investors, upon exiting an investment.
Distribution
This so-called expert hedge fund founded by two nobel laureates, was forced to go out of business as a result of the 1998 Russian debt crisis.
Long-Term Capital Management
This is an investment fund, funded by taxpayer dollars and facilitated by a country's central government.
Sovereign Wealth Fund
This is the audit that Fund Admin companies must pass.
SOC Audit
Ernst & Young (EY)
Investing in a company through a mixture of debt and equity is called what?
Mezzanine Financing
The percentage of the profits a Fund manager takes from their hedge fund is called what?
Performance Fee
This company, at the time the 7th largest publicly traded firm in the world, ended up filing for the largest bankruptcy in corporate history. Led to the passing of the Sarbanes-Oxley Act.
Enron