Fund Terms

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.

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.'

Morgan Stanley said in a recent report it expects 'additional high-net-worth allocations to represent around $1.5trn of AUM by 2025'.

The SEC has issued guidance on the booming SPAC market, and many believe that more regulation is coming. Will regulators step in before the market shows signs of collapse?

There is a growing trend of GPs finding ways to hold certain assets longer than allowed under traditional private equity fund structures.

The report urges fiduciaries to encourage more transparency from the industry and measure performance based on a public markets equivalent.