Silver Lake to reduce fees for fund IV
Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.
According to a marketing document cited by Bloomberg, the management fee for Silver Lake Partners IV will be as high as 1.5% for investments of less than $250 million and as low as 1.375% for those that...
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