Sunday 05, July 2009 by
Pressure from LPs leads to drop in PE fund fees
Forty three per cent of investors polled by Preqin in its latest analysis of private equity fund terms following the credit crunch see a power shift towards the LP when negotiating terms and conditions, with only two per cent seeing a shift towards the GP. It says that 90 per cent of placement agents polled are advising clients to change terms in favour of LPs.
