Pressured firms trim management frees.

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    • Subject Terms:
      BOGGS, Hale, 1914-1972
    • Abstract:
      The article presents information on management fee cuts by private equity and real estate fund investors. According to a survey released in October 2009 by Preqin, the largest private equity firms have cut their average management fees to 1.65% for funds being raised in 2009 from 1.991% in 2008. It is stated that smaller funds are also lowering their fees. Hale Boggs of the San Francisco office of Manatt, Phelps & Phillips LLP, says venture capital firms are also feeling pressure to trim fees.