Following carry 'tax loophole' judgements in Sweden, other countries are seeking to attract fund managers with generous rates, write Laura Charkin and Charlotte Haywood of Goodwin
The recent MJ Hudson research also showed managers with less than $1bn in assets ‘seldom have an ESG policy’.
Economic terms for private equity investments are evolving, but are today’s agreements the new norm?
Officials at the public retirement plan behemoth are set to provide feedback on Monday.
Guidance will recommend where to include ESG provisions in a fund’s terms and conditions.
Guidance announced this week on how fund managers should use subscription lines comes at a time when the industry is getting to grips with best practice on this now-controversial issue, Thomas Duffell writes.
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
Class A and B investors will pay different fees and carry, according to fund documents seen by pfm.
The pension fund’s private equity fees make up a over a third of its fees to managers.
How the use of a subscription credit facility can change the return profile of a fund in good times and in bad.