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 97

Private Equity Firms Private Equity Firms Performance Fees Management Fees 97

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 Startups Performance Fees Management Fees 70

The Big Picture

JULY 4, 2023

You have no performance fee and no line of sight to getting to one anytime soon, and you have AUM shrinking by virtue of the losses, as well as the fact that LPs are now rightly redeeming. Balyasny lost a lot of capital in 2018. WEINSTEIN: Cut in half. So that’s how much value has come out of the industry. RITHOLTZ: Right.

Hedge Funds 57

Hedge Funds Funds Banks Capital 57

Pension Pulse

MAY 2, 2024

Interestingly, in 2019, Marcus Frampton won an innovation award for his out-of-the-box thinking on alternatives: Marcus Frampton, CFA, CAIA, is a stalwart alternatives investor who rose through the ranks at the Alaska Permanent Fund Corporation and was appointed chief investment officer in 2018.

Pension Funds 59

Pension Funds Hedge Funds Buyout Due Diligence 59

Pension Pulse

SEPTEMBER 4, 2024

The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund. The fee is expected to be worth hundreds of millions of dollars. Mr Khuda, Blackstone and AirTrunk declined to comment. Macquarie’s fund and PSP will sell their AirTrunk stakes in full.

Investing 59

Investing Asset Management Stakes Assets 59

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. CDPQ’s cost ratio compares favourably with that of the industry.

Pension Funds 52

Pension Funds Assets Debt Financing 52