PRIVATE-EQUITY-BASICS5 MIN READ
When the LP Asks About Fees
Explain PE fees and alignment to an LP using clear, non-defensive language.
hook-stats dialogue-coach Ms. Chen LC Public pension LP 1 Fee purpose 2 Carry alignment 3 Expense trust LP meeting 20 sec The question Ms. Chen says: "Your gross returns look fine, but my board asks whether PE fees and expenses eat too much of the value. Convince me with specifics." The risk is not a hard question. The risk is answering with market cliches instead of economics. Net LPs care after fees
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