Long-time limited partner turned consultant Ray Maxwell says private equity should benefit from either significant carried interest or high fees – but not both.
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.
In light of tax reform introduced in the US, some private equity and venture capital firms are revisiting their LPAs to change the way carry is paid out, says EisnerAmper’s David Helprin.