Family Office Balks at Capital Calls


March 29, 2012

A leading Australian family office has criticized PE firms that have been slow to invest their mega funds raised in the latter part of the last decade because some of them still have a third of their capital left to spend before the cycle is up, reports WSJ Dealjournal blog.


Calling capital now for an investor who expected her or his money to be called in that earlier vintage of first four or five years is unfair, according to the Family Office executive who made the newspapers with his critique. He has requested that certain fund managers close the earlier funds and return the money, and then invite the same investors to participate in a new vintage.

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