terms & conditions

Documents from a US pension provide a glimpse under the bonnet of Warburg Pincus China-Southeast Asia II which is seeking $4.3bn.

TPG veteran Ben Gray’s firm is understood to be using credit lines to avoid fee-drag on Australia’s largest first-time fund.

The Brazil-focused fund closed amid a tough fundraising environment for emerging markets private equity firms.

Calls are growing for the standardisation of the limited partnership agreement, but moves towards uniformity are fraught with difficulties, lawyers say

The industry group has teamed up with consultant Colmore, whose Fee Allocation Incentive Reporting programme aims to help investors ensure they are not overpaying for alternatives.

The pension system found errors in GP reporting on carried interest, tax deductions and capital contributions last year.

Nearly one-third of professionals anticipate a succession-led key person event at their firm in the next five years, according to research by Investec.

Making LPAs more akin to contracts between fund managers and their portfolio company execs would lead to better GP-LP alignment.

More venture capital-like fund terms could be bad news for limited partners.

Carlyle Europe Technology Partners IV, which closed on €1.35bn last week, will charge 25% carry after it returns 2.25x cost to LPs.