LPs Want More Alignment


October 23, 2014

Only 4% of LPs have a strong feeling that their interests and the interest of their GPs are properly aligned, according to Preqin’s latest survey of 100 multi-national institutional investors. It is a minority opinion that has stayed that way for the past three years. The number that “strongly disagree” climbed to 10% in the June study, the highest percentage since Preqin began tracking investor opinions in this area, it said. The bulk seem to be satisfied, as 50% of respondents “agree” that interests are properly aligned. The number that merely disagree declined slightly since last year to 27%. Preqin wrote that fees are the second most commonly cited challenge facing LPs. Regulatory headwinds are number one in this version of the survey.

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