PERG Annual Report On Walker Guidelines

The Private Equity Reporting Group (PERG) has published its sixteenth annual report on the private equity industry's conformity with the Guidelines for Disclosure and Transparency in Private Equity (known as the Walker Guidelines).

The guidelines aim to improve disclosure and transparency in the PE industry and apply to the largest portfolio companies (meeting certain size and employment thresholds) and the PE firms behind them. Portfolio companies are expected to make certain disclosures in their annual reports including around ownership, board composition, and other matters concerning the business.

For the 2023 period, 81 portfolio companies were within the scope of the guidelines (up from 73 in 2022), of which a sample of 25 were selected for detailed review of their compliance.