Interesting research by Niels Bodenheim and the team at bfinance on 'fee leakage' from onerous hurdle rates often under played in Private Credit fund structures. While strong performance fees and good deal making are key, this factor can be a real drag on the profitability of strategies.
| less than a minute read
Direct lending managers 'move to boost fees by lowering hurdle rates'
Direct lending managers 'move to boost fees by lowering hurdle rates'
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