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alignment of interest

LPs want to get in on the ground floor

Institutional investors are coming up with new ways to back managers before they take off.

‘Devil is in the detail’ on LP-GP alignment – report

GPs have more skin in the game, according to a survey by MJ Hudson – but whose skin is it?

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.

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.

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.

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.

Pressing the reset button: tax considerations of resetting management equity

Chartered tax advisor Peter Abbott of Macfarlanes explains the UK tax implications of the move.

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.

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’.

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