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Why LPs are upping the ante on fee verification

A number of factors are pushing investors to seek outside help in sifting through their fees, expenses and carried interest payments.
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Hurdle under threat as managers question one-size-fits-all approach

The share of PE firms that removed the hurdle rate doubled in 2019, while only 60% of funds are sticking with the standard 8% preferred return.

Nine takeaways from ILPA Principles 3.0

Key findings from the LP body’s latest best practice guidance.

UK pension seeks fee discounts before committing to new UBS fund

The Swiss manager is seeking up to $1.5bn for its first infrastructure equity vehicle since 2015.

Why GPIF’s Hiro wants better alignment, not lower fees

Hiromichi Mizuno was tasked with guiding the world's largest pension fund into alternatives. He tells PEI what he learned in his four-year tenure.

ILPA offers a ‘FAIR’ deal to its LP members

The industry group has teamed up with consultant Colmore, whose Fee Allocation Incentive Reporting programme aims to help investors ensure they are not overpaying for alternatives.

LPs could push harder in negotiating with GPs – report

Private equity investors focus only on very simple negotiating points such as fees and structure, according to a survey by eFront.

The carried interest model could be improved. Here’s why it won’t be

Making LPAs more akin to contracts between fund managers and their portfolio company execs would lead to better GP-LP alignment.

Management fees remain a sticking point

Fees remain a bone of contention for limited partners as fund sizes continue to grow.

LPs demand more granularity in fees and expenses

Investors are forcing funds to take disclosure to a whole new level of detail, with broken deal expenses one of the most contentious areas.
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