kaal:claim:2959730-008

Early limited partnership investors increasingly use their leverage to negotiate tough fee terms with first time managers.

Source quote, verbatim

Another phenomenon that affects first-time managers pertains to early limited partnership investors who increasingly throw their weight around to negotiate tough terms on fees.

From

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), II. Changing Fee Structure, p. 6
https://ssrn.com/abstract=2959730 · source PDF

Cite as

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

Holds when

first time managers raising an initial fund

Classification

mechanismsupport: assertedinstitutional-design

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