German private equity chief berates regulation

Author: | Published: 1 Jun 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 in Brussels....