Alignment of Interest

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

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

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.

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.

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

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

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.

The SoftBank chief had received permission for a similar programme in Vision Fund 1 – a plan that was scrapped after colleagues pulled out.