The Kauffman Foundation, a $1.8bn institution, believes the model of the LP/GP partnership is flawed and LPs are to blame for being ‘seduced’ by ‘misleading’ performance data.
Investors are utilising co-investment opportunities and negotiating better fund terms in the search for higher returns.
In a survey by Squadron Capital, LPs voiced concerns over private equity firms managing both USD and RMB funds.
Management fees in Asia are generally higher than in other regions, but the fees tend to come with sweeteners, a survey from Squadron Capital noted.
Despite a crowded fundraising trail, Vista's fourth investment vehicle was able to corral $3.5bn in commitments by in part featuring slashed management fees and other LP-friendly terms.
A panel of LPs at the PE Asia Forum in Hong Kong had mixed views on the development of the LP-GP relationship.
As China's institutional investors increase their capital commitments to private equity, terms and conditions may begin to mirror US-based funds.
The state’s $147bn pension system rebuts a senator’s claim that it has paid too much in fees to managers – but its peers have shown that big savings are possible.
The Carlyle Group has included a structure in its sixth fund that allows LPs to sell fund stakes early, taking bids from a group of five preferred secondary buyers.
China's private equity industry is 'short sighted', and GPs should adopt a 'flexible' approach to management fees, top government officials said at the Global PE Beijing Forum.