German private equity berates regulation

Author: Nicholas Pettifer | Published: 20 May 2009

The President of the German Private Equity and Venture Capital Association (BVK) launched a stinging attack on the draft alternative investment directive at the IBA International Financial Law Conference in Rome last week.

“The industry is used to bad times – cycles come and go,” said Hanns Ostmeier, formerly of the Blackstone Group and BC Partners. “What is not part of our business is dealing with politics and the legislature. Especially...