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Get someone to go over the waterfall

Tim Eberle, vice-president at fund services business Citco, makes the case for third-party verification of waterfall calculations.

New Mexico SIC to validate all GP fees

The $23bn sovereign wealth fund has hired fund services firm Colmore to validate the fees and carry it pays to its managers.

Should end of life be a new beginning?

Negotiations and arrangements for the remaining portfolio can prove fiendishly complicated when a fund approaches the end of its term. Julie Corelli of Pepper Hamilton considers the challenges

Ensuring alignment

In this extract from The LPA Anatomised, Adam Turtle, Rede Partners, and Emma Cleveland, Cleveland & Co Associates, discuss carry models and GP commitments.

Shift in carry models ‘complicating’ fund comparisons

A range of new models to share private equity deal profits between LPs and GPs are being used and they are making it more complicated for LPs to compare fund, according to the managing partner of one law firm.

Lenders and lines: a guide to fund finance

From how to pick a lender to the types of lines available, delegates at the CFOs & COOs Forum offered a mini explainer to the fund finance world.

The rise of asset-based lending

Asset-based fund finance has a number of benefits for private fund managers, but they must conduct thorough due diligence, write Shiraz Allidina, director, and Michael Peterson, managing director, at Citco Capital Solutions

WATCH: Carried interest – a top up from ‘comfort’ to ‘super-comfort’?

Junior private fund management staff are increasingly concerned the carried interest boat will pass them by, so may look to advisory positions for greater financial security

Demanding a tighter ship

LPs are calling for improved governance structures within funds, including better transparency on fees and performance calculations, according to data from Vistra.

REEM Summit: Consultants talk conflicts of interest

The issue is not necessarily a black-and-white topic, speakers at the conference said on Wednesday.

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