Private equity portfolio company fees

In private equity, general partners (GPs) receive fee payments from companies whose boards they control. Fees amount to $20 billion evenly distributed over time, representing over 6% of equity invested by GPs. They do not vary with business cycles, company characteristics, or GP performance. Fees va...

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Bibliographic Details
Main Authors: Phalippou, L, Rauch, C, Umber, M
Format: Journal article
Language:English
Published: Elsevier 2018