A few interesting trends in the private equity industry popped up last week.
The Financial Times reported that some large private equity firms – including Carlyle, Bain and Vista – are charging performance fees above the norm, replacing the old “2 and 20” (2% management fee in exchange for 20% carried interest) with “1 and 30.” The last time this happened was during the go-go days before the 2008 financial cash, the newspaper said.
