Fund Terms

Out of 80 investors surveyed in late 2018, 69% had seen reduced fiduciary duties in LPAs.

70% of delegates at the CFOs & COOs Forum 2019 are being asked by at least some investors to use the ILPA reporting template.

President Trump’s tax changes were starting to have an impact in the second quarter.

Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.

The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.

Management fees, hurdle rates and carried interest waterfalls; a visual guide to economic fund terms today.

For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.

Steve Nelson speaks for half of the institutional money invested in private equity. What’s he going to say? He tells PEI his plans for ILPA and the next clash between LPs and GPs.

Guillaume Cavalin has joined Paris-based Idinvest Partners as legal director from Jones Day, the third legal hire the firm had made in 18 months. pfm caught up with Cavalin to get his take on how private equity fund structuring – and LP demands – are changing.