Investors emphasize GP-LP alignment - AVCJ Forum
Eroding the alignment of interest between GP and LP – by tweaking the partnership structure, a manager overstretching to pursue multiple strategies, or conflicts emerging over secondaries – could harm returns at a time when valuations are already cause for concern, the AVCJ Private Equity & Venture Forum heard.
Hideya Sadanaga, head of private equity at Japan Post Bank, noted that he is continually challenged by his board as to how long the current run of robust performance can be sustained. “Returns are great...
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