GPs build alignment through ‘aggressive’ terms like 0% management fees
It’s an LP world; GPs just live in it. Some GPs—especially new shops that are raising debut funds—are offering zero percent management fees with 20 to 30 percent rates of carried interest, according to Prakash Mehta, partner and co-head of the investment management practices at the law firm Akin Gump Strauss Hauer & Feld.
13 May 2014•2 mins read
