Fees & Expenses

The 40-year private equity veteran tells delegates at the CFOs & COOs Forum 2020 about Thoma Bravo’s meteoric scale-up and why he foresees private equity fees taking a hit.

As noted at the CFOs & COOs Forum (and independently reported by Buyouts on Friday), GPs are coming up with creative ways of avoiding a tax hit on carry earned for investments held under three years. Good timing, given the increased velocity of exits.  

Thoma predicts the decline of carry and fees; GP-led secondaries requires innovation to grow; LPs aren't as confident as you are about your cyber chops; CFOs consider push into daily IRR, even as they drag feet on GIPS.

The Thoma Bravo co-founder stays upbeat despite rising political risks, but has some warnings for the private equity industry.

LPs hate fees (even more than last year); 2020: an election year with a lot of regulatory initiatives.

NYPPEX CEO Laurence Allen, who is accused of a long-running fraud by the Office of the New York State Attorney General, says the case is the result of an LP's attempt to essentially greenmail him.

We spoke to 13 CFOs, three ESG chiefs and six limited partners to explore how ESG will become part of the finance chief's remit.

Blackstone CISO on cybersecurity ‘musts’ for smaller firms; a taste of the upcoming LP Perspectives survey results; GPB revolving-door scandal update.

Private equity fees – both in terms of size and transparency – are becoming more of a bugbear for investors, according to PEI's upcoming LP Perspectives 2020 report.