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Fees & Expenses
In light of tax reform introduced in the US, some private equity and venture capital firms are revisiting their LPAs to change the way carry is paid out, says EisnerAmper’s David Helprin.
GPs could submit to regulations from many states or, if ILPA has its way, comply with a national standard on transparency of fees and expenses.
Tim Eberle, vice-president at fund services business Citco, makes the case for third-party verification of waterfall calculations.
A range of new models to share private equity deal profits between LPs and GPs are being used and they are making it more complicated for LPs to compare fund, according to the managing partner of one law firm.
The constraints prompted by the global financial crisis could be on the chopping block. In Part I of this regulation special, pfm analyzes the changes since the crash.
Junior private fund management staff are increasingly concerned the carried interest boat will pass them by, so may look to advisory positions for greater financial security
Potential business acquisitions are subject to intense due diligence by private equity firms, but a crucial element they sometimes miss – executive pensions – could unravel their plans, writes Rosalind Connor, a partner, at ARC Pensions Law.
LPs are calling for improved governance structures within funds, including better transparency on fees and performance calculations, according to data from Vistra.
Fees and expenses remain a top concern for limited partners but carry distribution is also a worry, writes David Turner
The firm was also accused by the SEC of failing to implement an adequate compliance program