Robert Herz's successor will be JPMorgan vet and current FASB boardmember Leslie Seidman.
A number of states, such as Illinois, New York and California, have already adopted new policies following last year's 'pay to play' scandal.
The bank will still back deals, while the newly independent Ridgemont Equity plots a new third-party fund.
Investors, including Nolan Ryan and attorney Chuck Greenberg, say team is pursuing sale talks in violation of earlier agreement.
Topics up for discussion include over-voting, vote confirmation, proxy voting in securities lending and proxy distribution fees, among others.
Twelve months after the ILPA first unveiled its guidelines, the impact is still up for debate.
Recent cases suggest private equity firms still face risk over fraudulent conveyance claims.
VC receives exemption on registration requirements, leaving some fund managers to reconsider how they describe their business, plus other news out of Washington.
China has never been easy to access for sponsors, although recent government initiatives could change that.
Belated offer could be turned away by some smaller groups, plus other news from Washington affecting the middle market.