LPs divided on ILPA principles at Australia Forum
At the AVCJ Private Equity & Venture Forum \ ANZ 2010, the principles promulgated by the Institutional Limited Partners Association (ILPA), which this group hopes will garner more backing from global LPs, in an effort to homogenize private equity industry relationships with GPs, are getting mixed reviews.
While all LPs at the Forum appear in favor of raising standards across Asia Pacific, several large global institutional investors in attendance noted that pushing GPs on issues like carry and fees can...
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