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Tough fundraising environment sees PE management fees drop to record low

Private Equity Wire

According to data from industry expert Preqin, the average management fee for buyout funds that closed or were still raising capital as of June 2024 dropped to 1.74% of investors’ committed capital, down from the previous low of 1.85% in 2023.

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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

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. Interestingly, a year ago, Bisnow reported that AirTrunk was weighing a potential initial public offering that would value the company at $6.4B.

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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

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 and below the 28.6