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alignment of interest

Covid-19 catch-up and high demand for quality assets lifted carried interest to a record 39% of revenue in the first half of the year.
Jeff Hooke, senior finance lecturer at Johns Hopkins Carey Business School, says individual investors will get 'milked for fees' accessing PE.
Masayoshi Son SoftBank
The SoftBank chief had received permission for a similar programme in Vision Fund 1 – a plan that was scrapped after colleagues pulled out.
An illustration of a ballot box
LPs appear to want to appoint a new manager to keep the portfolio running because the investments have performed well so far.
GP removal
Increasingly litigious interactions and overt hostility at Novalpina has increased the appeal of a possible third-party replacement, PEI understands.
The average GP commitment as a percentage of the fund was 4.8%, a more than 60% rise from two years ago, according to the latest GP Trends report.
governance
Neil Harper, former CIO of Morgan Stanley AIP Private Markets and chairman of Zamo Capital, and partner Patrick Scheurle outline three ways PE firms can foster true partnerships.
The number of funds coming to market openly offering discounts for early bird commitments or big ticket sizes is dropping, according to research seen exclusively by Private Equity International.
Todd Boudreau argues that ILPA’s model LPAs can give emerging managers an edge in a highly competitive market, helping to attract new relationships and reduce the costs and complexities of negotiation.
The organisation hopes to spark debate with its new deal-by-deal model LPA, which incorporates recent changes to its whole-of-fund model LPA. Sister title Private Funds CFO spoke with some of the people who developed it ahead of the LPA’s release.
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