Private Equity Fees and Expenses
about 22 days ago.
Updated about 22 days ago.
Pepper partner and co-chair of the firm's Funds Services Group, Julia D. Corelli, recently presented at a special luncheon for the CFA Society of Philadelphia where she discussed how PE firms' fees and expenses are being treated in light of the SEC aggressively fighting for transparency and clairvoyance in this area. Topics covered in this podcast (with the time codes listed) include what is a typical fund structure (6:35); the economics of a fund (10:28); LPA provisions (17:13); fund due diligence and the legal landscape (20:42); upcoming PEI study discussion on this topic (28:25); what the SEC is talking about and hot topics regarding expenses (36:49); two SEC enforcement actions – Clear Energy Capital (1:04:17) and Lincolnshire (1:13:32); and whistleblowers (1:16:03). As Ms. Corelli mentions in her presentation, Pepper has teamed with PEF Services and PEI to conduct a survey on this topic which is of great interest to many regulators and investors. Contact Brian Dolan at firstname.lastname@example.org to be added to the distribution list for the results later this fall. Download a PDF of the PowerPoint Slides.