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Fund Terms

'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.
Balance, Teamwork, random shapes
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.
New template tracks GPs' progress on diversity over time.
Document helps investors gauge ESG maturity across 21 different areas of activity and provides 'a rubric against which they can assess and benchmark a manager.'
Retail investors
Morgan Stanley said in a recent report it expects 'additional high-net-worth allocations to represent around $1.5trn of AUM by 2025'.
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