RMB-denominated funds are following an evolutionary path different from their USD counterparts, one with fund terms more reflective of China’s nascent private equity industry, according to a new study.
A new survey from law firm Nabarro revealed more than three quarters of real estate investors expect an 'early bird' discount or some other reward for committing before a fund's first close.
PE Manager revisits some of the year's best guest articles: In August Julian Ashworth of law firm Walkers provided an overview of concerns GPs and their investors are discussing at the negotiating table.
Limited partners will continue to fight for better terms in what will be a more difficult fundraising environment next year, says Hall Capital’s Jessica Reed Saouaf.
PE Manager revisits some of the year's best guest articles: In March Damon Fisher and Hamed Meshki of Kirkland & Ellis discussed the challenges of shareholder restrictions in portfolio companies.
The New Jersey pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
The chief financial officer of the Chinese firm said during PEI’s CFOs & COOs Forum Asia that its LPs have become more satisfied with how CDH handles conflict of interest issues between its USD- and RMB-denominated funds.
Under increasing pressure from LPs to reduce management fees, some private equity firms seem to be jacking up deal fees to compensate.
A new private equity real estate study declared a ‘real focus’ on reducing the fee burden for funds of funds, with management fees being the clear target.