Investor Reporting

Asia is the most attractive market for LPs worldwide, and a majority of LPs believe fund terms will continue moving in their favour, according to a CEPRES survey.

Presidential politics are of little concern, say Bain LPs, who in various interviews emphasised flexible fund terms and a focus on operational improvement as their core areas of focus.

Private equity firms are asking limited partners for terms that would allow for the renegotiation fund agreements in the event carry’s tax treatment changes.

Public Pension Capital, launched by Perry Golkin and Michael Tokarz, is offering ILPA-like terms on its debut fund.

Thailand’s financial regulator has proposed a tax break for private equity firms that invest in government-supported businesses.

The Toronto-based firm will employ a different fee structure and hold investments for longer than the typical private equity investment period of three to five years.

Managers that charge higher fees and carry provide higher returns, according to fresh research.

The way hurdle rates work may compel GPs to push for exits in a way that is not in the best interests of the fund, a study suggests.

The firm, which spun out of Credit Suisse First Boston in 2005, is charging a 1.75% management fee and sharing 100% of portfolio company fees with the fund.

Private equity firms need to be cautious when entering into confidentiality agreements, warn legal sources. Three recent US cases highlight the dangers of poorly negotiated contracts.