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alignment of interest
There are specific, practical steps that LPs can take to improve fund controls and reduce the risk of wrongdoing.
More than two-thirds of bolt-on acquisitions don’t achieve the expected synergies, largely because buyers don’t plan the integration properly, says Jon Caforio of RSM.
In the final instalment of a three-part series, long-time limited partner turned consultant Ray Maxwell reflects on shortcomings of the hurdle rate in private equity and proposes an alternative.
Head of global private investment research Andrea Auerbach discusses a market in which fees are becoming harder to track and GPs are on the front foot, in this in-depth 25-minute video interview.
Long-time limited partner turned consultant Ray Maxwell says private equity should benefit from either significant carried interest or high fees – but not both.
One investor said the original rate was ‘just not a standard hurdle’.
Plans to simplify the limited partnership agreement are ambitious, lawyers say.
The Alaska Permanent Fund’s approach to private equity provides a glimpse of how the asset class will develop.
In the face of rampant LP demand, should private equity firms worry about the industry’s wider reputation?
The range of carry models being employed make it more complicated for LPs to compare funds, says MJ Hudson managing partner Eamon Devlin.