Why avoiding risk is a risky business

Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.
american business

European and Asian investors face costly hidden fees for US debt funds – report

Fees for offshore vehicles and a range of hidden costs are causing a returns disparity for non-US investors in US funds.

Why LPs are upping the ante on fee verification

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

GP powerhouses hold all the cards on fees

Fees have broadly stayed constant. But when it comes to fund economics, there is still a danger of LPs being dealt a weaker hand at the negotiating table.
Korea's POBA is seeking a mezzanine debt fund mandate and is targeting a net IRR of more than 10 percent

Korea’s POBA seeks mezzanine debt fund manager

Public Officials Benefit Association is targeting a net IRR of more than 10 percent, with a five percent-plus dividend return, for the mandate.

Owl Rock closes above IPO pricing on initial day of NYSE trading – updated

The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.

Europe ventures into the unknown

The continent looks set to follow in the footsteps of the US as venture lending gathers steam, but challenges lie in wait.

Who raised the largest funds in H1 2019?

The period was dominated by distressed funds, with Lone Star demonstrating its pulling power with two of the biggest vehicles.

LACERS will commit to two new credit managers

The pension fund approved $100m contracts with Benefit Street Partners and Alcentra Limited after a nine-month search.
Buckets

ACERA creates a dedicated private credit bucket

The pension fund plans to allocate 4% of its portfolio ($490m) to the strategy by 2023.
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