UK: Walker Guidelines Monitoring Group publishes second report

The Guidelines Monitoring Group has published its second report concerning compliance with the Walker Guidelines on transparency within the private equity industry: see here (pdf). The Group found the following (to quote directly from the report):

There continues to be a high level of commitment to the Guidelines from the private equity industry. In particular, the disclosures made by the private equity firms themselves have improved significantly and all private equity firms covered by the Guidelines met all the requirements without exception. A substantial majority of the portfolio companies reviewed this year made good or acceptable disclosures with only a limited number of exceptions. Overall, the quality of the disclosures made by the sample of portfolio companies reviewed this year is similar to the quality of disclosure found in last year’s review. Similar to last year, the quality of the disclosures varies significantly within the sample with some firms going much further than the requirements".