This article published by the European Corporate Governance and written by Tilburg University academics examines the post-financial crisis trends in the private equity industry, showing investors are demanding the inclusion of more investor-favorable compensation terms in limited partnership agreements.

The findings suggest these new terms not only provide the investors with more favorable management fee and profit distribution arrangements, but also give them more control over the fund’s investment decisions.

Importantly, the new pattern also reveals the inclusion of more straightforward co-investment rights.

Besides the contractual ‘improvements’, we observe that investors want to see more skin in the game from the managers/general partners.

To access the paper click below

Recasting private equity funds after the fiancial crisis

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White is responsible for the content across all Conexus Financial’s institutional media and events. In addition to being the editor of, she is responsible for directing the bi-annual Fiduciary Investors Symposium.