PE firms flag tougher investor demands
Private equity managers outlined at a recent forum how their limited partners are setting increasingly strict investment conditions and asking for more information than in the past.
Pressure on private equity firms to provide more information and flexibility on investments is manifesting itself in different ways, said PE general partners at a forum in Hong Kong this week.
One example is increased demand from investors for side letters – clauses or agreements negotiating different terms for investment into a pooled fund.
“Everybody needs a side letter – it’s become the norm,” said Amit Gupta, partner and chief operating officer of Hong Kong-based private equ…
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