Victoria Robson

The LP trade body will circulate a draft template for uniform fee reporting later this month under a new ‘Fee Transparency Initiative.'

LPs recent enthusiasm for direct investment is an untested phenomenon in the industry, warned CDPQ’s executive VP of private equity Andreas Beroutsos.

The London-based buyout firm recruited talent from consultancy ERM to oversee its responsible investment efforts.   

Jim Strang will take on the newly created position at the firm’s second largest office.

The Treasury has invited the industry to respond to its proposed changes to existing limited partnership legislation, including introducing a list of permitted LP activities. 

The immediate tax change is accompanied by a consultation on fund manager rewards.

The private equity industry association raised concerns about retaining choice for European investors and competition.

The pension fund will begin to publish GP carried interest figures in Q4.

A majority of both GPs and LPs also expect fee structures to be simplified over the next two years.

As delegates debated how GPs and LPs should share ESG-related information, the quest for more formalized ESG reporting took another step at the PEI Responsible Investment Forum in London.