peHUB Second Opinion 11.7.08
A Tip: From Solomon Owayda of PE firm SVG Advisors. PE firms, its time to lower your fees, if you want cash-strapped LPs to continue to invest. Mr Owayda said the "2 and 20" model, whereby private equity groups charge an annual fee of 2 per cent of funds raised and take 20 per cent of any profits - was a relic from a time when most buy-out funds were much smaller. France Has A SWF: And it's done its first deal, thanks to Sarkozy's plans for "reigniting the country's economy." Did You Know: Probably, but I didn't. Rahm Emanuel, the White House Chief of Staff-Elect, was once a Wasserstein Perella banker. Also, the character Ari Gold, a high strung, macho Hollywood agent on Entourage, is supposedly based on his brother, Ari Emanuel. Wildly Wildly Unbased Rumour: From a commenter, on a tabloid Web site, saying Goldman Sachs could go private. Now I Get It: The Big Money gives us a better understanding of the Whole Foods situation, and Leonard Green Partners' recent investment in the not-very-recession-proof company.
