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Europe: Home of the no-fault divorce clause

US funds often offer a no-fault suspension of the investment period, which is relatively rare in European funds, according to a report from MJ Hudson.

Compensation for impact managers could distort performance

Two former CIOs from the International Finance Corporation discussed whether financial rewards should be tied to impact results at a London conference.

Texas Municipal fights to claw back terms from GPs

In a heady fundraising environment, GPs are pushing fund terms in their favour, and it’s up to LPs to walk them back, Texas Municipal Retirement System’s director of private equity Christopher Schelling.

Silicon Valley Bank on Abraaj, evolving credit lines & HNWs

The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.

Fund terms visualised

Management fees, hurdle rates and carried interest waterfalls; a visual guide to economic fund terms today.

Why the hurdle rate needs a revamp

For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.

Auxo: A small firm ringing big changes to fund terms

Breaking from tradition, Auxo Growth Holdings I has no management fees and all of its LPs are invested in the management company.

Hellman & Friedman IX: No hurdle, no problem

Investor documents reveal the firm has not included a preferred return hurdle for its ninth flagship fund, which is seeking $15bn.

The rise of individual investors: collateralised fund obligations

Private Equity International examines CFOs in the first of a series on how retail investors can access private equity.

Why LPs don’t stress when GPs mess with the pref

The hurdle rate is facing downward pressure; investors might just let it slide.

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