Private Equity

Alignment of Interest

Secondaries alignment: Sort out your own house

For the GP, internal alignment is another opportunity to manage team dynamics. Third parties will want to see that the right people participate in the economics.

3 min read · 01 September 2022

Secondaries alignment: Working within the rules

When dealing with waterfalls, there are tools that can be used to create economic alignment from the outset.

3 min read · 01 September 2022

Secondaries alignment: Engaging the portfolio company

An incentivised management team is crucial to ensuring ultimate success in GP-led secondaries deals.

5 min read · 01 September 2022

Secondaries alignment: Name your price

Finding the pricing sweet spot to satisfy sponsors, buyers and LPs is tougher than ever in today’s market.

3 min read · 01 September 2022

Secondaries alignment: Finding equilibrium through terms

Some sponsors are still able to drive aggressive terms in GP-led deals, though perhaps not for much longer.

3 min read · 01 September 2022

The arguments over listing rage on

Alternatives managers going public remains an issue some LPs can’t get their heads around.

3 min read · 26 May 2022

Investors push for greater alignment in continuation vehicles versus blind-pool funds

Funds set up to allow sponsors to hold assets for longer typically must satisfy both an IRR and MOIC hurdle, research from law firm Paul Hastings has found.

3 min read · 20 April 2022

BPEA’s Kalliarekos: EQT tie-up was a necessity, not a luxury

PEI catches up with Kosmo Kalliarekos, managing director and 14-year veteran of Baring Private Equity Asia, to discuss alignment, IPOs and regulation ahead of its €6.8bn acquisition by EQT.

4 min read · 06 April 2022

PE, VC comp breaks records, but many aren’t satisfied – survey

Market conditions and employee expectations have led to a decline in reported happiness when it comes to remuneration, according to research from Benchmark Compensation.

4 min read · 03 January 2022

The unlikely survival of the carried interest loophole

Efforts in the US Congress to close the loophole looked increasingly futile as the year progressed.

3 min read · 28 December 2021

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