POPA ReconThe Sick Man of Private Markets
The Sick Man of Private Markets Following the Global Financial Crisis, the private equity industry successfully reformed its misaligned incentives by introducing fee step-downs and stronger co-investment rights VC's megafunds now face similar performance issues driven by an unhealthy focus on fund scale, making a shift toward these disciplined private equity structures necessary to improve returns for investors https://blog.joinodin.com/p/the-sick-man-of-private-markets
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