Private Equity Wire

FEBRUARY 9, 2024

Finally, the firm intends to increase the percentage of earnings its shareholders receive from base management fees, which it says will create a predictable earnings stream for public shareholders to value, accompanied by the transfer of performance fees to its dealmakers.

Private Equity Firms 96

Private Equity Firms Private Equity Firms Performance Fees Management Fees 96

The Big Picture

OCTOBER 14, 2023

We discuss the firm’s unique fee arrangement: For institutional accounts of $100 million and up, they pay a base fee 33% of outperformance versus the benchmark (and no management fee). When they underperform, they refund as much as 25% of their performance fees.

Investing 70

Investing Performance Fees Startups Management Fees 70

The Big Picture

JULY 4, 2023

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. WEINSTEIN: Cut in half.

Hedge Funds 57

Hedge Funds Funds Banks Capital 57

The Big Picture

JUNE 13, 2023

Just background, Barry, when I moved here five years ago this year in 2018, we had barely no relationships in North America. We launched our very first growth private equity strategy in 2017-2018, way before it has, as I said, become a must-have strategy for many managers and for many allocators.

Banks 57

Banks Asset Management Assets Capital 57

Pension Pulse

AUGUST 17, 2023

Work on the REM began in 2018, and any construction delays should be compared with the timelines of other major transit networks, Emond said. The difference with 2022 is primarily explained by the increase in external performance fees related to increased returns.

Pension Funds 52

Pension Funds Assets Debt Finance 52

The Big Picture

MARCH 27, 2023

So you retire in 2018. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. But it was not a liquidity issue. ’08 And bonds were trading at huge discounts because there were no buyers anymore.

Hedge Funds 112

Hedge Funds Funds Assets Finance 112

Pension Pulse

MAY 22, 2024

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps in fiscal 2023.

Investing 59

Investing Pension Funds Stakes Assets 59