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Expense provisions in fund documents are getting longer and longer, amid pressure on GPs to be more transparent, says Julie Corelli, a partner at Pepper Hamilton.
General partners are engaging a whole host of specialized service providers, and funds are increasingly picking up the tab. Are all parties aligned enough to ensure that investors can reap the benefits as well, asks Anne Anquillare, CEO and president of PEF Services.
More expense provisions in LPAs come at the cost of clarity over what investors have to pay, says Jennifer Choi, managing director of industry affairs of the Institutional Limited Partners Association.
More than half of funds plan to renegotiate fees if they extend the life of the fund. This could create a whole new set of problems, say Tom Angell, partner at WithumSmith+Brown.
More expense provisions in LPAs come at the cost of clarity over what investors have to pay, says Jennifer Choi, managing director of industry affairs of the Institutional Limited Partners Association.
Many UK-based fund managers and investors have more to lose from a cliff-edge outcome than their other EU-based counterparts, write Simon Witney and Patricia Volhard.
Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor safeguards.
The operating model for sponsors has held steady for 30 years, but data science advances are set to change all that, say Ian Picache and Sajjad Jaffer of Two Six Capital.
Guernsey’s Green Fund Rules offer a framework to combine financial return with environmental benefit, writes Dominic Wheatley, chief executive of Guernsey Finance.
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