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Fees & Expenses
Our biennial survey reveals the latest developments in fees and expenses, as the power to determine best practice returns to the industry.
Sponsors that choose to offer co-investment opportunities must be mindful of investor and co-investor dynamics, write partners Stephanie Pindyck Costantino, Julia Corelli and Patrick Bianchi.
The Private Funds Rules may have been vacated, but the SEC will continue to pursue its private markets agenda through enforcement actions.
The fee treatment of co-investment continues to vary dramatically from fund to fund.
Rosemary McCollin, Vistra’s director of funds, analyzes the 2024 CFO Fees & Expenses survey findings, and offers insights into outsourcing practices and the trends shaping the fund management landscape.
LPs are pushing back on funds bearing the full cost of aborted transactions, while co-investors are let off the hook.
The outsourcing trend continues unabated, but the question of who pays for what, is not always straightforward.
Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
Some LPs have been frustrated by what they describe as a loophole in the GPs’ ostensible 80-100% management fee offset.
Some 38% of GPs offered early bird discounts on management fees in 2023, a marked increase from 18% the prior year, according to research from the law firm.