Law360, New York (April 13, 2015, 10:45 AM EDT) -- Private equity firms are best known for generating strong returns for their investors and providing an important source of capital. Behind the scenes lies a complex operation, balancing regulatory compliance, accounting and legal considerations — all amidst an environment of increasing public scrutiny. Somewhat lost in the shuffle, but important to firms' long-term health and security, is time spent developing and maintaining a robust directors and officers insurance program for the private equity firm and its portfolio companies. Nonetheless, this remains an important exercise and one best handled with assistance from a firm's insurance broker and/or outside counsel — with the primary goals to assess an adequate amount of coverage tailored to the firm's particular needs and to ensure that the firm's coverage operates in synch with that of its portfolio companies....