Amy Carroll
Significant differences remain regarding when management fees commence and how they are stepped down.
There has been a profound shift toward greater transparency in the decade since the Private Funds CFO Fees & Expenses Survey was launched.
Our biennial survey reveals the latest developments in fees and expenses, as the power to determine best practice returns to the industry.
The Private Funds Rules may have been vacated, but the SEC will continue to pursue its private markets agenda through enforcement actions.
The fee treatment of co-investment continues to vary dramatically from fund to fund.
LPs are pushing back on funds bearing the full cost of aborted transactions, while co-investors are let off the hook.
The outsourcing trend continues unabated, but the question of who pays for what, is not always straightforward.
From automation and artificial intelligence to blockchain, PE firms are increasingly implementing advanced technologies.
LPs are increasingly pushing for bespoke fund terms, creating added complexity for back-office functions.
Depressed fundraising hits subscription finance, but M&A slump boosts demand for NAV