Private Equity

Alignment of Interest

Hard lessons from an Abraaj insider

There are specific, practical steps that LPs can take to improve fund controls and reduce the risk of wrongdoing.

2 min read · 11 October 2018

Value-creating merger strategies

More than two-thirds of bolt-on acquisitions don’t achieve the expected synergies, largely because buyers don’t plan the integration properly, says Jon Caforio of RSM.

4 min read · 03 October 2018

The holy trinity of terms: preferred return

In the final instalment of a three-part series, long-time limited partner turned consultant Ray Maxwell reflects on shortcomings of the hurdle rate in private equity and proposes an alternative.

4 min read · 11 September 2018

WATCH: Talking fees, returns and diversity with Cambridge Associates

Head of global private investment research Andrea Auerbach discusses a market in which fees are becoming harder to track and GPs are on the front foot, in this in-depth 25-minute video interview.

1 min read · 07 September 2018

The holy trinity of terms: management fees

Long-time limited partner turned consultant Ray Maxwell says private equity should benefit from either significant carried interest or high fees – but not both.

3 min read · 06 September 2018

States could fall like dominoes in carry tax ‘fairness fix’

If one US state enacts legislation to tax private equity execs more heavily, a host of others could follow.

2 min read · 13 August 2018

LPs push Blackstone to raise infra fund’s hurdle rate at first close

One investor said the original rate was ‘just not a standard hurdle’.

5 min read · 30 July 2018

Balancing the needs of investors and managers

Plans to simplify the limited partnership agreement are ambitious, lawyers say.

8 min read · 27 March 2018

North to the future

The Alaska Permanent Fund’s approach to private equity provides a glimpse of how the asset class will develop.

2 min read · 22 March 2018

Beware the PE echo chamber

In the face of rampant LP demand, should private equity firms worry about the industry’s wider reputation?

3 min read · 15 March 2018

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