Thursday, November 03, 2005

Given that the managers already receive a management fee, typically of 2 per cent of funds under management; a 1-3 per cent fee from the companies they are invested in; an annual monitoring fee; and a performance-related bonus, often known as a “carried interest”, the addition of a co-investment option looks to some observers to be a step too far. . Handing the Internet over to the U.