Preeti Singh

Institutional investors are changing policy and hiring more internal talent to increase their co-investments.

Top executives including Howard Marks and James Zelter expressed concern at last week's PDI Forum about political change and the risk of private equity being ‘squashed’.

A number of factors are pushing investors to seek outside help in sifting through their fees, expenses and carried interest payments.

The private equity firm has not been proactive in reaching out to LPs but has sought to assuage concerns when contacted, sources said.

The industry group has teamed up with consultant Colmore, whose Fee Allocation Incentive Reporting programme aims to help investors ensure they are not overpaying for alternatives.