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Alignment Of Interest

money
Market conditions and employee expectations have led to a decline in reported happiness when it comes to remuneration, according to research from Benchmark Compensation.
Congress carried interest loophole USA Biden
Efforts in the US Congress to close the loophole looked increasingly futile as the year progressed.
US Capitol tax reform
Private Equity International surveyed 90 fund managers and lawyers to ascertain how the industry could be affected by changes to carried 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.
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