Private equity investors take upper hand in fees tug of war
Date: April 28, 2010
Private equity fees have long been a bugbear for many investors. During the boom years of 2005 to 2007, top firms could, in effect, name their price, supplementing hefty management and performance fees with lucrative transaction fees – paid by a portfolio company to its private equity owner when a deal was carried out. Investors sometimes complained, but mostly played along, desperate to enter oversubscribed funds. Increasingly, however, they are gaining the upper hand.
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Source: Financial News
