Pfm’s 2018 Fees and Expenses Benchmarking Survey finds that general partners are adjusting their limited partnership agreements to comply with transparency demands made by limited partners, and the Securities and Exchange Commission is pushing the issue through examinations and enforcement actions. The survey also finds that the SEC and LPs both expect GPs to pay for cybersecurity and IT expenses. Lastly, co-investments have gone from being common in the industry to a requirement for fund managers to offer; however, co-investment structures vary depending on each agreement.
Download the survey here.
Find out more about these topics and other findings from the survey on this dedicated page: Fees and Expenses: Toward transparency