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Investor and Director · Eoghan was an equity partner with KPMG who he was with for almost 30 years. He has invested in and is director of many early stage and scaling companies and is currently the vice president of the Dublin Chamber of Commerce.<br><br>Fellow of Institute of Chartered Accountants of Ireland, MSc in Taxation DCU, Masters in Accounting UCD & Bachelor of ...
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Eoghan Quigley. Eoghan is our Head of People Services and also has particular experience advising on the tax aspects of mergers and acquisitions, having previously led KPMG's Irish M&A tax team. Eoghan provides transfer pricing and tax structuring advice to a wide range of Irish and multinational corporate and private equity clients across a ...
Sep 30, 2024 · It’s too early to tell if the spate of private equity activity happening across accounting is a painful flash in the pan or a long-term part of the industry, Stuart Marcy, head of private equity at Gerald Edelman, has told AccountingWEB. Marcy joined the mid-tier accounting and advisory firm with the remit to expand its presence in the market.
Liked by Eoghan S. ₹. Experience: McKinsey & Company · Education: University of Pennsylvania - The Wharton School · Location: United Kingdom · 500+ connections on LinkedIn. View Eoghan S.’s profile on LinkedIn, a professional community of 1 billion members.
- Publicis Sapient
- How to Grasp The Accounting of Private Equity Funds
- Understanding Private Equity Funds
- Private Equity Funds vs. Hedge Funds
- Fund Structure
- Private Equity Investments
- Accounting Standards
- Valuation Methodologies
- Financial Statements
Private equity fund accounting is unlike that of other investment vehicles because private equity funds are not like other types of investments. They are one part hedge fund, one part venture capital firm, and one part something all their own, and it is evident in their accounting. The same accounting rules you see in other companies still apply, b...
Private equity funds typically invest in companies directly. Private equity funds often purchase private companies and can sometimes buy the stock shares of publicly-traded companies as well. Private equity funds seek to acquire a controlling interest in a private company. Once a company has been acquired, experts are signed to the company to impro...
Private equity funds are akin to hedge funds in that they have similar payment structures. Hedge funds are an investment containing pooled fundsthat invest in various securities and assets to achieve returns for investors. Typically, a hedge fund's goal is to earn as much return in the shortest time frame. The portfolio allocation can include commo...
Private equity funds tend to be structured as limited partnership agreements (LPAs) with several classes of partners. There is often a founder partner (FP) class, as well as a general partner (GP) class and a limited partner (LP) class. Fund expenses and distributions have to be allocated across these partner classes. The rules for this are to be s...
Also, keep in mind that many private equity fundscreate complex investment structures to limit the tax burdens of their investments, which vary depending on the state or country of jurisdiction, and that complicates the accounting. Controls may be put in place, or need to be put in place, to reduce tax risk, and some structures may need to be adjus...
Private equity firms must adhere to the standards issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). For the most part, accounting standards were not written with private equity in mind, so the format for private equity fund accounting has to be modified to illustrate clearly the opera...
When looking at private equity accounting, valuation is a critical element. The choice of accounting standards impacts how investments are valued. While all accounting standards require investments to be listed at fair value, the definition of fair value differs considerably between standards. In certain cases, a private equity fund might be able t...
The financial statements prepared for investors also vary depending on the accounting standard. Private equity funds under U.S. GAAP follow the framework outlined in the American Institute of Certified Public Accountants (AICPA) Audit and Accounting Guide. This includes a cash flow statement, a statement of assets and liabilities, a schedule of inv...
Eoghan Quigley. Eoghan is our Head of People Services and also has particular experience advising on the tax aspects of mergers and acquisitions, having previously led KPMG’s Irish M&A tax team. Eoghan provides transfer pricing and tax structuring advice to a wide range of Irish and multinational corporate and private equity clients across a ...
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Sign in to view Eoghan’s full profile. <br> · Experience: CCLA Investment Management · Education: Trinity College, Dublin · Location: United Kingdom · 500+ connections on LinkedIn. View Eoghan Reid’s profile on LinkedIn, a professional community of 1 billion members.
- CCLA Investment Management
