First-closing fee discounts can set GPs apart
A surprising number of private markets managers don’t offer a break to their funds’ earliest investors.
Private fund managers seem reticent to offer early-bird management fee discounts, according to two new surveys, closing a potential avenue to differentiate themselves as fundraising slows down.
Private Debt Investor sister publication pfm found in a fees-and-expenses survey that 33 percent of respondents offered discounts to limited partners participating in first closes.