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