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Terms & Conditions
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.
Management fees, hurdle rates and carried interest waterfalls; a visual guide to economic fund terms today.
For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.
Breaking from tradition, Auxo Growth Holdings I has no management fees and all of its LPs are invested in the management company.
Investor documents reveal the firm has not included a preferred return hurdle for its ninth flagship fund, which is seeking $15bn.
Chartered tax advisor Peter Abbott of Macfarlanes explains the UK tax implications of the move.
With the promise of outsized returns comes the expectation of outsized compensation.
Private Equity International examines CFOs in the first of a series on how retail investors can access private equity.
The hurdle rate is facing downward pressure; investors might just let it slide.
One investor said the original rate was ‘just not a standard hurdle’.