Editor’s Letter: No break on the pref in capital-call subscription lines

private equity, women's issues, #metoo, Suna Said, Sima Capital, Henry Kravis, KKR
Private Equity Editor Chris Witkowsky reflects at home. Photo by Wendy Witkowsky
Capital-call subscription lines is one of the most talked about issues in the industry this year. This is because many firms have now adopted the practice, ostensibly to smooth the capital-call process, with the peripheral effect of juicing a fund’s IRR ...

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