Fund Terms

Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.

We recently caught up with the industry body’s chief executive, Steven Nelson, who gave us a sneak peek at its soon-to-be released GP-led secondaries best practices.

Nearly one-third of professionals anticipate a succession-led key person event at their firm in the next five years, according to research by Investec.

Out of 80 investors surveyed in late 2018, 69% had seen reduced fiduciary duties in LPAs.

70% of delegates at the CFOs & COOs Forum 2019 are being asked by at least some investors to use the ILPA reporting template.

President Trump’s tax changes were starting to have an impact in the second quarter.

Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.

The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.

Management fees, hurdle rates and carried interest waterfalls; a visual guide to economic fund terms today.

For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.