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Ts & Cs

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With half the market on the beach, it’s time to take stock. These are the stories that generated most interest on Secondaries Investor in the first half of the year.
Nice, France
Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.
The divergence of these metrics brings into question the idea that secondaries offers a quick path to liquidity, according to data from eFront.
Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.
For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.
The fundamental building block of the LP-GP relationship is changing, and secondaries is one of the factors driving that change. Three lawyers discuss end-of-life terms and control over stake sales in this extract from a roundtable in sister publication pfm.
Proskauer's Nigel van Zyl discusses investment period and fund term extensions, in this extract from The LPA Anatomised.
Proskauer's Nigel van Zyl explains the key commercial, legal and investor relationship issues GPs need to consider before amending the agreement's provisions or restructure funds.
Plans to simplify the limited partnership agreement are ambitious, lawyers say.
Half of the global investors surveyed by Augentius expect market conditions to worsen this year compared with 2017.
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