Venture Capitalists Get Paid Well to Lose Money
Harvard Business Review
AUGUST 5, 2014
LPs expect to be paid well to assume the high fees (2% annual fees on committed capital) and long illiquidity ( minimum 10 years) of investing in private equities. They are also inaccessible to institutional investors looking to make either new or large commitments in hopes of generating above-market performance in their portfolio.
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