PE Fund structures and incentives - Why are we changing the traditional fee structure?

For the last few years, there has been a dramatic inflow of capital into illiquid asset markets, such as private equity. One driver of this inflow has been the high historical return to funds investing in these markets relative to more liquid asset classes. At the same time, institutional investors have become increasingly concerned about the high fee levels - both explicit and hidden - of investing in alternative investment funds. This has led to a proliferation in alternative fund structures. And, it raises basic questions around incentive problems in alternative asset management. In this seminar we brought together academics and practitioners to discuss these issues.

Presentation of the latest research findings around fund structures and their economic implications by: 

David Robinson, Professor of Finance, Duke University, and
Per Strömberg, Professor of Finance and Private Equity, SSE

Followed by a panel discussion with:

Ulrika Bergman, Chief Investment Officer, the Nobel Foundation
Teresa Farmaki, Partner, Astarte Capital Partners LLP
Jesper Eliasson & Fredrik Strömholm, Partners, Impilo
Roger Johanson, Partner & CEO, Carneo Alternative Solutions

The seminar was held in English and was moderated by Per Strömberg.