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fees and expenses

The holy trinity of terms: preferred return

In the final instalment of a three-part series, long-time limited partner turned consultant Ray Maxwell reflects on shortcomings of the hurdle rate in private equity and proposes an alternative.

The holy trinity of terms: management fees

Long-time limited partner turned consultant Ray Maxwell says private equity should benefit from either significant carried interest or high fees – but not both.

The holy trinity of terms: carried interest

Long-time limited partner turned consultant Ray Maxwell reflects on the three key economic terms at the heart of the relationship between manager and investor, starting with carry.

The seven problems with carried interest allocation

Simon Havers of executive search firm Odgers Berndtson details why carried interest allocation is not smooth sailing.

Three approaches to calculate waterfall in private equity systems

Consultant Gert-Tom Draisma lays out the options in the extract from The Definitive Guide to Carried Interest.

The problem with accelerated monitoring fees

The issue is less about what you charge, and more about who you tell.

Keep records of expenses for SEC scrutiny

An industry executive says the regulator wants to ensure that expenses aren’t excessive and investors aren’t billed inappropriately.

‘Key man’ departure hits CLSA property fund series

Chief executive John Pattar's move to KKR has made CLSA halt the investing activities of its latest Fudo Capital fund and step down fees accordingly.

SEC can fend off a compliance fiasco

GPs could submit to regulations from many states or, if ILPA has its way, comply with a national standard on transparency of fees and expenses.

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