Ts & Cs

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

Record-high transaction volumes mean that under US tax laws some LP stake transfers will not be permitted until 2022, according to a report by intermediary NYPPEX.

GP ownership is a significant factor in risk-taking, according to a study from the Norwegian School of Business and Goethe University Frankfurt.

As Hollyport seeks $750m for its latest flagship fund, we look at the terms of the fund and the niche secondaries specialist's performance so far.

With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.

Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.

Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.

The divergence of these metrics brings into question the idea that secondaries offers a quick path to liquidity, according to data from eFront.

Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.

For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.