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Texas Municipal fights to claw back terms from GPs

In a heady fundraising environment, GPs are pushing fund terms in their favor, and it’s up to LPs to walk them back, Texas Municipal Retirement System’s director of private equity Christopher Schelling says.

Former Abraaj partner: How to mitigate against GP ‘sharp practice’

Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor safeguards.

Carlyle makes diversity a priority with new hire

The private funds manager hired Kara Helander from BlackRock to lead the effort for a more diverse and inclusionary workplace.

ILPA to issue guidance on GP-led restructurings

The industry body, which represents $2trn in PE assets, plans to publish an update to its private equity principles as early as this year.

Why the hurdle rate needs a revamp

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

Dealing with NPS’s management merry-go-round

Following a tsunami of senior executive changes at Korea’s National Pension Service, we examine how this has affected business.

Abraaj’s unravelling tells us due diligence must change

The troubles at the Middle East’s biggest private equity firm are relevant to investors in any private asset class.

Majority of investment industry remains ‘Anglo-Celtic and male dominated’

Heavyweight Australian investors back a new workplace diversity initiative as LPs admit the issue is a factor in their investment decision-making.

Defaulting on commitments: what happens

When an LP can't meet a drawdown request, what happens? What recourse does a GP have? Ed Hall from law firm Goodwin analyzes the remedy and negotiation points in this extract from The LPA Anatomised.

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