The
Private Equity Reporting Group published its ninth annual report earlier this month: see
here (
pdf). The report provides a summary of conformity with the
Guidelines for Disclosure and Transparency in Private Equity (often known as the "Walker Guidelines") following their introduction in November 2007. The quality of disclosures by portfolio companies covered by the Guidelines has fallen substantially: 57% of the sample (95% in 2015) were rated as good or higher. It's noted, however, that nearly half of the companies in this year's sample were new to the process.
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