article thumbnail

Andrew Coyne Is Dead Wrong on CPP Investments' Active Management

Pension Pulse

So did its costs, particularly the fees paid to external investment managers: from $36-million in 2006 to $3.5-billion Over all, combining management fees, operating expenses and transaction costs, the fund’s expenses now exceed $5.5-billion billion in 2024, a near hundredfold increase.

article thumbnail

A Fireside Chat With BCI's Head Of PE Jim Pittman

Pension Pulse

Consolidation in the industry is likely, with larger managers acquiring smaller ones to expand their strategies and AUM. Fee structures may change, with pressure on public companies to reduce management fees and focus on performance-based compensation.

article thumbnail

Blackstone Becomes First $1tr Private Equity Manager

Private Equity Insights

That sort of growth helped transform Blackstone from depending on striking deals for the majority of its fees to becoming an asset gatherer that can charge management fees on funds it oversees. read more The post Blackstone Becomes First $1tr Private Equity Manager appeared first on Private Equity Insights.