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Succession
Nearly one-third of professionals anticipate a succession-led key person event at their firm in the next five years, according to research by Investec.
Carried interest
Making LPAs more akin to contracts between fund managers and their portfolio company execs would lead to better GP-LP alignment.
More venture capital-like fund terms could be bad news for limited partners.
Tweak
Carlyle Europe Technology Partners IV, which closed on €1.35bn last week, will charge 25% carry after it returns 2.25x cost to LPs.
Human Capital Special
The competition for hiring top talent in private equity is getting fiercer, and high salaries may no longer be enough to entice candidates.
Professor Florin Vasvari offers his thoughts on fees, investments in technology and the growth of private credit in Europe.
Some buyers of second hand fund stakes will be licking their lips in anticipation of sales driven by cost-cutting this year.
La Defense, Paris
Banks are changing the way security notices are issued to LPs following the firm's collapse.
Two-fifths of the investors said fees are a greater concern than ever due to more muted return expectations, according to NEPC data.
LPs expect a $5bn private equity fund to charge a 1.23% management fee, according to research from Asante Capital.
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