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Such transactions can generate liquidity for LPs, validate a mark and allow a GP to retain control of a well-performing asset, says Todd Miller of W Capital Group.
In this first episode of our miniseries, Private Markets and the End of Cheap Money, we talk to dealmakers from Corsair, OEP, Vestar and more to hear how sponsors are coping with the higher price of 'L' in LBOs.
Any attempts to streamline the GP-led process should provide guardrails, write Maurice Gindi, Kenneth Blazejewski and Sophie Smith from law firm Cleary Gottlieb.
'Super carry' provisions letting GPs keep more than the traditional 20% help boost larger funds' profit-sharing proportions.
SS&C webinar outlines key terms of the new fund structure that allows private fund managers to grow AUM by democratizing their investment strategy.
Chris Hayes, ILPA’s top lobbyist, is leaving. ILPA has already chosen a replacement.
The Biden administration wants pension fiduciaries to curb their enthusiasm for private funds, but the Department of Labor hasn't banned it altogether.
Rising expenses, and the challenge for many LPs of getting the financial data they need to justify the costs, are leading to misalignment between managers and their fund investors.
Whether it’s tenders, intervals, evergreens or hybrids, the private funds industry is seeing a re-emergence of novel fund structures. We spoke to managers and service providers trying to tap a growing base of investors.
Those that sign on to the organization's Diversity in Action initiative track annual improvement in DE&I, board diversity and target setting.