I've only been involved with smaller venture funds, so I lack experience with the internal machinations of mega funds. But if I was an LP in one of these funds, I would imagine preferring a 1.0-1.5% management fee, 4-7% hurdle rate, and 30%+ incentive fee, or some kind of similar structure.
I've only been involved with smaller venture funds, so I lack experience with the internal machinations of mega funds. But if I was an LP in one of these funds, I would imagine preferring a 1.0-1.5% management fee, 4-7% hurdle rate, and 30%+ incentive fee, or some kind of similar structure.
Great commentary on the change of incentive alignment towards 2% GP fee optimization.